mPhase Technologies Steps Up Communication to Enhance Shareowner Understanding of IPTV, Smart Sensor and Nanobattery Investments
Following is the text of an Investor Update from mPhase:
mPhase is initiating a communication plan that will elaborate on the segments of our technology investments. Management is committed to raising shareholder value and monetizing the investments made in our three strategic areas -- IPTV, smart sensors and nanobatteries.
Content delivery is undergoing a revolution. As evidenced by Microsoft and Google's entry into the marketplace, TV is expanding past the traditional "push" model with limited viewer choice, to a "pull" model that allows subscribers to use sophisticated search functions to find video content. Subscribers want to view content when, how, and where they want in the format they choose -- with a full range of control. Our strength in this area is unparalleled; the mPhase TV+ software offers a highly differentiated solution meeting today's requirements for open systems, flexibility, and responsiveness to rapidly changing market dynamics. Pending successful conclusion of negotiations with several carriers for trial systems designed to validate field performance of our IPTV platform, we believe the market will better reflect the value of our common stock. A complete update will be issued in the next week to articulate the strengths of our IPTV software platform.
Smart sensors: Our prototype magnetometer is starting to create the kind of buzz typical of disruptive technologies, with potential applications ranging from defense, to homeland security, oil pipelines and mobile phones. In the lab, we have shown that we can detect the presence of a simulated weapon from 30 feet away. In a matter of weeks we're planning a real world test to gauge its sensitivity further. Moreover, by adding compass-like capabilities, we can have a mass consumer market solution that mobile phone makers could tap for a host of direction-sensing services offered by mobile operators. A complete update focusing on smart sensors will be issued following our report on IPTV.
Nano-Scale Energy Storage: Hailed as "the reinvention of the battery," the mPhase nanobattery was the subject of a feature article in Scientific American reporting significant strides we are pioneering in energy storage. These nanobatteries have utility in smart cards and radio frequency identification (RFID) tags, among a variety of applications. We are very gratified by the investor interest generated by the publicity surrounding our smart nanobattery. Look for a detailed report on our nanobattery in the coming weeks, but in the meantime, please visit www.mphasetech.com to view a video presentation on how our nanobattery works using its tiny honeycomb structure.
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. In telecommunications, the Company's mPhase TV+ platform cost-effectively and reliably delivers television, high-speed Internet access and telephone service over telephone lines. mPhase also offers a growing line of innovative DSL component products, such as the iPOTS splitters, and the Broadband Loop Watch System, 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 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.
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 they believe to be appropriate. Actual results may differ as a result of factors over which the company has no control.