SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 17, 2007
mPHASE TECHNOLOGIES, INC. |
(Exact Name of Registrant as Specified in Charter) |
New Jersey | 000-24969 | 22-2287503 | ||
(State or Other Jurisdiction of | (Commission File Number) | (IRS Employer | ||
Identification No.) | Incorporation) |
587 Connecticut Ave., Norwalk, CT 06854-0566 |
(Address of Principal Executive Offices) (ZIP Code) |
Registrant's telephone number, including area code: (203) 838-2741
Item 8.01 Other Events mPhase Technologies, Inc. "mPhase" has been awarded a phase I
US Army Small Business Technology Transfer (STTR) Program Grant.. This award is
a phase 1 six month research effort to develop a 30 plus year shelf life, low
power, green battery (coin cell or similar) that will continuously power a
static random access memory circuit for a computer device. SRAM is a
common type of digital memory chip used in a wide variety of electronic systems
for data storage. During the six month research period, the team will
characterize the design, conduct capacity and stability measurements of a
reserve style power cell based on Lithium chemistry. Long term stability and
shelf life is achieved by initially separating the active materials of the power
cell during storage, and controlling the activation of the cell until needed to
provide power. This research program extends the design of the mPhase smart
battery to support the use of non-water based electrolytes that are commonly
used in lithium based batteries. Lithium batteries are favored for powering many
different types of electronic devices due to their higher voltage and power
requirements than can be supplied by more common alkaline batteries. The Phase I grant, valued at
$100,000, will enable mPhase to competitively compete for a Phase II grant for
up to $800,000 to continue future advancements in the design. Successful
completion of the Phase II award is an avenue used by U.S. government defense
agencies to adopt advanced technology for commercialization and use. Rutgers University will support mPhase, and its newly formed
subsidiary Always Ready, Inc., during the award period as a subcontractor under
the award guidelines.
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the Registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly authorized.
mPHASE TECHNOLOGIES | |
By: |
/s/ Martin S. Smiley |
Martin S. Smiley | |
Executive Vice President, | |
Chief Financial Officer and | |
General Counsel |
Date: July 17, 2007