mPhase Technologies CEO Sees Enhanced Opportunities with Combined Lucent-Alcatel
In a statement, Ronald A. Durando said:
“As we maintain this momentum with our dedicated Bell Labs development team as part a stronger, consolidated company, we will look forward to strengthen our nanotechnology business with increased investment.”
"The proposed Lucent and Alcatel merger could lead to enhanced opportunities for mPhase. Both Lucent and Alcatel are committed to leveraging their intellectual property. The Lucent-mPhase relationship remains strong and focused on commercializing Bell Labs innovations like our nanostructured battery and magnetometer.
"As we maintain this momentum with our dedicated Bell Labs development team as part a stronger, consolidated company, we will look forward to strengthen our nanotechnology business with increased investment."
Durando noted that the nanobattery development was featured in the February, 2006 edition of Scientific American. Titled, "Miniaturized Power," the four-page article noted that Bell Labs, where the transistor was invented, "has now become involved with the reinvention of the battery" by shrinking electrodes to nanometer scales.
A Lucent-Alcatel Merger Update is posted at http://www.lucent.com/investor/.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTCBB: XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company, awarded the 2005 Frost & Sullivan Excellence in Technology Award and the Nano 50 Award from NASA Nanotech Briefs, 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.
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