mPhase Patents Valued at $40 Million
20-Oct-2011
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LITTLE FALLS, NJ - mPhase Technologies Inc. reported in a press release that an independent patent valuation of its technology estimates a minimum valuation of $40 million for its portfolio of patents and intellectual property.
The technical study of the Company's intellectual property commenced in June of 2011 and was performed by FIRST PRINCIPALS INC., a world-class technology appraisal and commercialization firm located in Cleveland, Ohio. The Company will release shortly more details of the report including the positioning of such portfolio with key strategic partners.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and micro fluidics. 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.