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mPhase Technologies, Inc. (OTC.BB:XDSL - News) today announced that it has noted, with enthusiasm, the recent announcement by General Electric that as part of its push into high-tech products that it will explore hydrophobic nano-engineered surfaces to improve the performance of other industrial products.
Such surfaces can repel a wide range of liquids but be made to temporarily lose their liquid repelling properties using a technique known as "electrowetting." The research will be conducted in the Nanocoatings Subscale Lab at General Electric's Research Center in Niskayuna, New York.
General Electric joins a number of companies in its research and development of hydrophobic surface spaces including mPhase Technologies, Inc. mPhase has recently received a United States patent for the concept of a porous membrane made from silicon that is capable of controlling the flow of a wide range of liquids, including electrolytes, used in both primary and rechargeable batteries. The concepts behind the porous membrane are being used in the development of the Smart NanoBattery to create a new type of reserve battery that has a very long shelf life and can be activated or triggered on command based upon an external event.
mPhase CEO Ron Durando said, "Smaller companies like mPhase do a lot of the initial development of various technologies, and when these new technologies reach the cusp of commercialization, companies such as GE step into the market to leverage their deep pockets and research capacities -- following the trail mPhase and others have blazed. We believe that GE's interest in hydrophobic nano-engineering surfaces is another great validation of our research and adds value to our portfolio of intellectual property."
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements with the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following" changes in economic conditions' general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained therein. mPhase assumes no obligation to update the information in this release.
About mPhase Technologies
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery.
In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio. www.mpowertech.com
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Phase Technologies, Inc.
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