Wednesday, July 18, 2012

mPhase (OTCBB: XDSL) to Partner with Stevens IT on Research and Business Opportunities

mPhase (OTCBB: XDSL) to Partner with Stevens IT on Research and Business OpportunitiesAtlanta, GA 7/18/12 (StreetBeat) – mPhase Technologies Inc (OTCBB:XDSL) and Stevens Institute of Technology have jointly agreed to pursue business opportunities with government and industry as well as research and development projects. The companies will focus on the design and fabrication of an advanced battery technology utilizing intellectual property and resources from both parties. They plan to try to advance mPhase’s Smart NanoBattery Technology with Steven’s graphene-based inkjet printing method for printing electrodes and electronic circuits.

"mPhase is excited to explore the possibilities of integrating Stevens' leading position in the inkjet printing of energy storage devices using graphene with mPhase's Smart NanoBattery Technology," said Ronald A. Durando, CEO of mPhase Technologies.

"Stevens looks forward to continuing its relationship with mPhase by pursuing this exciting opportunity," added Christos Christodoulatos, Associate Provost of Stevens, Office of Academic Entrepreneurship.

mPhase Technologies is trading up 5.88% Wednesday.

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