mPhase Technologies, Inc. (OTC:XDSL) Climbs 40% On Solid Volume


mPhase Technologies, Inc.  (OTC:XDSL) shares closed with a gain of 40% to $0.0049 on hefty volume of 29.60 million shares after today the company stated that after an independent valuation of its technology, its patents were valued at $40 million.

FIRST PRINCIPALS, INC., the first technology estimation and commercialization firm located in Cleveland, Ohio performed the technical study of the Company’s property which  began in June 2011.

The Company is likely to give out details reporting the positioning of such portfolio with key strategic partners.

mPhase Technologies is bringing in a radical Smart Surface technology enabled with nanotechnology, MEMS processing and micro fluidics. The Smart Surface technology has potential applications within its drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. The company has has opened up its first Smart Surface enabled product, the mPhase Smart NanoBattery.

In addition to the Smart Surface technology,the company recently introduced the mPower Emergency Illuminator,which is an award-winning product designed by Porsche Design Studio.

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