Court Rulings in Favor of Company - DEBT CANCELLED
In April of 2017, the Company received a judgment from the Federal District Court of Northern Illinois Eastern Division in its favor with prejudice dismissing a claim by River North Equity covering Convertible Securities of the Company which effectively negated the two notes River North Equity obtained from JMJ Financial. At March 31, 2016 the amount recorded in Current Liabilities for all three convertible notes and accrued interest thereon previously issued to JMJ Financial was $1,097,877. At March 31, 2016 the amount recorded in Current Liabilities for the two notes and accrued interest thereon subject to the River North Equity claim was $689,822.
mPhase Technologies, Inc.
New Jersey Offices
150 Clove Road
Little Falls NJ 07424
587 Connecticut Ave, Norwalk, CT 06854
New York Offices
230 Park Ave, Room 539, New York, NY 10169
Phone Number: (973) 256-3737
Fax Machine #: (973) 256-9387
General E-mail: Sales@mphasetech.com
Dr. Fred Allen, President and CEO, AlwaysReady, Inc. (Little Falls, NJ)
Office: 973-256-3737 x104
Mr. Ron Durando, Chairman and CEO, mPhase Technologies, Inc. (Little Falls, NJ)
Investor Relations Contact Information:
Mr. Gerard Adams, Managing Director Investor Relations, mPhase Technologies, Inc. (Little Falls, NJ)
Office: 973-256-3737 x105
mPhase Technologies, Inc. through its wholly owned subsidiary Always Ready Inc., is focused on developing and commercializing a new battery technology based on a well patented phenomenon known as electrowetting which provides a unique way to store energy and manage power that will revolutionize the battery industry.
mPhase Technologies was founded in 1996 and is headquartered in Little Falls, NJ, with offices in Norwalk, CT, and New York City, NY.
Web Site: http://www.mphasetech.com
# of Outstanding Shares = FEBRUARY 12, 2009 IS 637,923,540 SHARES,
Video Demonstration of the Nanobattery: http://www.youtube.com/watch?v=P8UwBP4yVgM
Awards: NASA Nanotech Briefs Nano 50, Frost & Sullivan Excellence Award, Deloitte Connecticut Tech Fast 500, NJTC Environmental/Energy Innovation, Frost & Sullivan Energy Storage Award
mPhase's Smart NanoBattery is shown here next to a paperclip to display the size of the unique battery that is being developed as part of the US Army STTR Program.
LGS successfully builds and demonstrates Microcompass Magnetometer Prototype to the U.S. Army
VIENNA, Va.May 12, 2009 -LGS, a subsidiary of Alcatel-Lucent (NYSE: ALU) dedicated to serving the U.S. government community, announced today that it has successfully demonstrated the prototype of a Microcompass Magnetometer (MCM) to the U.S. Army.
The Microcompass Magnetometer, the result of a joint development project between LGS and Alcatel-Lucent Bell Labs, is only a few millimeters in size and draws very little power, yet is sensitive enough to detect metal objects with magnetic content from a significant distance.
The Army's interest in the magnetometer derives from its recognition of the device's potential in locating weapons such as assault rifles, from a safe distance. The MCM presented to the Army has a degree of sensitivity effectively 100 times greater than that achievable with commercially available devices.
"The microcompass magnetometer represents a breakthrough in the detection of common objects that can be used to compromise our nation's borders and place our servicemen in harm's way," said Dr. Dave Bishop, LGS CTO. "The MCM is cost efficient because it is based on the same silicon technology that underlies consumer electronics. This low cost point will make it easier to deploy a large number of devices that should help ensure greater physical security and enhanced safety."
The purpose of the project was to develop one magnetometer device and conduct a field demonstration of the MCM system at Fort Huachuca, Arizona. The device fabricated through a low stress Silicon on Insulator (SOI) dissolved wafer process.
"In March 2005, mPhase entered into a joint development agreement with Alcatel-Lucent Bell Labs to develop magnetometer technology for military and commercial applications. Under the terms of the agreement, mPhase would be due royalties if the magnetometer is successfully commercialized".
Updated O/S as of 10/20/2011
Throw away the jumper cables forever! The mPower Jump delivers an incredibly powerful, compact jump-starting capability: powerful enough to jump a 12V battery — auto, marine, recreational vehicle, ATV, small tractors. Small enough to store in any compartment as small as a glove box. Inexpensive enough for virtually any family. Now everyone can enjoy the safety and peace of mind that comes with never having to use jumper cables again.
- See more at: http://www.mpowertech.com/
Last edited by raangel on 8/21/2014 at 6:20PM