mPhase Technologies Ranks Among the Fastest Growing Technology Companies in North America; Established Broadband Leader and Pioneer of Internet TV and Nanotechnology Identified as No. 132 in the 2005 Deloitte Technology Fast 500
mPhase is a leading supplier of innovative digital subscriber line (DSL) and related broadband components to the telecom industry. The company is also a pioneer provider of technology that enables telecommunications companies to offer interactive internet television (IPTV) services to consumers. In a wide-ranging collaboration with Lucent Technologies Bell Labs, mPhase is in the process of commercializing a "smart" long shelf life battery based on a Bell Labs discovery about liquids and nanostructures. mPhase is also developing a new generation of high-sensitivity metal detectors -- an outgrowth of research by Murray Hill, N.J.-based Bell Labs.
“We are pleased to be nationally ranked among such high-performing technology companies”
"We are pleased to be nationally ranked among such high-performing technology companies," said Ronald A. Durando, mPhase's chief executive. "We look forward to continue building our business on a solid foundation that is rooted in high growth segments like broadband and nanotechnology."
The Fast 500 list is compiled from Deloitte's 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for this year's Fast 500, entrants must have had 2000 operating revenues of at least $50,000 and 2004 revenues of at least $1 million. The 2005 Fast 500 rankings are based on the percentage revenue growth over five years, from 2000-2004.
mPhase Technologies Inc. (OTC: XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. In telecommunications, the Company's mPhase TV+ platform cost-effectively and reliably delivers entertainment digital television, high-speed Internet access and traditional telephone service over existing copper telephone lines. mPhase also offers a growing line of innovative DSL component products, such as the iPOTS, designed to help service providers lower the provisioning and operating costs associated with DSL. The company, awarded the 2005 Frost & Sullivan Excellence in Technology Award, is bringing nanotechnology out of the laboratory and into the market with a planned innovative long life power cell. Additionally, the company is working on prototype ultra-sensitive magnetometers that promise up to a 1,000-fold increase in sensitivity as compared with available uncooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
As used in this document, "Deloitte" includes Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, and Deloitte Tax LLP.
Safe Harbor Statement
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which management has no control.