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July 01, 2015 10:10 AM ET

Electrical Equipment

Company Overview of mPhase Technologies, Inc.

Company Overview

mPhase Technologies, Inc., a development stage company, specializes in the fabrication of Smart Surfaces and devices enabled by breakthroughs in microfluidics, microelectromechanical systems, and nanotechnology. The company is developing Smart Surface enabled product, the mPhase Smart NanoBattery, for storing energy with unlimited shelf life. It focuses on commercializing its Smart NanoBattery for military and commercial applications. The company has a patent portfolio consisting of 11 owned and jointly owned patents, and patent applications in the United States covering Smart Surfaces, a platform technology to control the flow of fluids by electronically and other means. Its Smart Surface t...

777 Passaic Avenue

Suite 375

Clifton, NJ 07012

United States

Founded in 1996

6 Employees

Phone:

973-256-3737

Key Executives for mPhase Technologies, Inc.

Co-Founder, Chairman, Chief Executive Officer and President
Age: 58
Total Annual Compensation: $118.3K
Chief Financial Officer, General Counsel and Director
Age: 67
Total Annual Compensation: $85.0K
Chief Operating Officer, Corporate Secretary, Director and Member of Compensation Committee
Age: 78
Total Annual Compensation: $85.0K
Compensation as of Fiscal Year 2014.

mPhase Technologies, Inc. Key Developments

mPhase Technologies, Inc. announced delayed 10-Q filing

On 05/18/2015, mPhase Technologies, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

mPhase Technologies, Inc. Announces an Update on the Drug Delivery System Patent Application

mPhase Technologies, Inc. announced an update on the Drug Delivery System patent application which was originally filed in February of 2013. The Drug Delivery System is based on mPhase Technologies' advanced battery technology. In December of 2013 the patent application for the Smart Drug Delivery System received a first review (Office Action) by the United States Patent and Trademark Office. The patent office examiner indicated that a significant portion of the claims were patentable. A response to the office was filed, without amending the claims, but with strong arguments as to why all of the claims are patentable. mPhase is now waiting for a response from the patent office which is expected no later than in the first quarter of 2015. mPhase believes the issuance of a patent could lead to licensing opportunities for the novel drug delivery system, possibly creating greater shareholder value. The drug delivery patent if issued, would enable the automatic dispensing of a pre-set dosage of a drug agent or medication. The field of invention relates to a drug delivery system that generally includes a housing having one or more reservoirs; each having a medical agent hermetically sealed therein. A membrane extends across each of the one or more reservoirs which is adapted to allow the medical agents to pass through in response to external stimuli, such as physical puncturing, melting the membranes through use of heating elements or electrowetting in response to a voltage pulse. A wicking material extends across the membranes through which the medical agents are dispensed to a patient. Because the housing can be made flat, the overall dispensing device can be reduced in size, allowing the drug delivery device to be located and attached to broader areas of the patient's body for expanded medical applications and treatment. Under past Cooperative Research and Development Agreements with the United States Army, mPhase developed a smart nano battery that made it possible to keep the essential components of a battery, the solid electrode and liquid electrolyte, separated until power is needed. This battery system can be activated electronically, mechanically or via gravitational pull.

mPhase Technologies, Inc. Presents at NIBA 132nd Investment Conference, Sep-15-2014

mPhase Technologies, Inc. Presents at NIBA 132nd Investment Conference, Sep-15-2014 . Venue: The Roosevelt Hotel, 45 E. 45th Street, New York, New York, United States. Speakers: Ronald A. Durando, Co-Founder, Chairman, Chief Executive Officer and President.

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