SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): February 20, 2003
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
Incorporation) Identification No.)
587 Connecticut Ave., Norwalk, CT 06854-0566
(Address of Principal Executive Offices) (ZIP Code)
Registrant's telephone number, including area code: (203) 838-2741
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
mPhase Technologies, Inc. issued a press release on February 20, 2003
regarding the announcement that mPhase is teaming up with Lucent Technologies to
create an improved system for the delivery of digital television over DSL, a
copy of which is attached as Exhibit 99.1 hereto. The press release is
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) and (b) Not Applicable
(c) Exhibit. The following exhibit is filed with this report:
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99.1 Press Release, dated February 20, 2003, of mPhase Technologies, Inc.
[Signature on following page.]
SIGNATURES
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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, INC.
By: /s/ MARTIN S. SMILEY
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Martin S. Smiley
Executive Vice President,
Chief Financial Officer and
General Counsel
Date: February 20, 2003
EXHIBIT INDEX
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Exhibit Description
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99.1 Press Release, dated February 20, 2003, of mPhase Technologies, Inc.
99.1
mPhase and Lucent Team, Creating a Hybrid, Best-In-Class Television over
DSL Solution Business/High Tech Editors
NORWALK,Conn.--(BUSINESSWIRE)--February20,2003
mPhase Technologies, Inc. (OTC BB: XDSL), the leading designer of innovative
solutions for the delivery of broadcast digital television and high-speed data
solutions over copper wires, announced that it is teaming with Lucent
Technologies to deliver a cost-effective and best-in-class video over DSL
solution. Combining mPhase's unique approach to the delivery of television over
DSL with Lucent's industry leading broadband platform, the Stinger(R) DSL Access
Concentrator, results in a high quality-of-service hybrid solution with dramatic
reductions in per port expense.
The combined Lucent-mPhase solution will consist of three key elements: 1)
mPhase's digital set top box which was recently refined by Lucent Technologies'
Bell Labs; 2) Lucent's Stinger(R) DSL Access Concentrator as the transport
mechanism; and 3) mPhase's Traverser(TM) Broadcast Television Switch (BTS) which
provides video networking intelligence to effectively enable video services over
a DSL infrastructure.
This development marks a significant strategy shift for mPhase. Historically,
the Company has marketed its proprietary, end-to-end solution, which included
its own Access Shelf as the transport. However, migrating to a modular Broadcast
Television Switch utilizing the Stinger for transport allows mPhase to
capitalize upon the cost efficiencies already achieved in the Stinger. The
business model for TV over DSL is even further improved given the cost-reduction
efforts just completed on the set top box. This combined solution makes
television over DSL economically viable anywhere in the world. Lucent
Technologies' research and development arm, Bell Labs, was contracted to design
the mPhase BTS. The BTS has essentially the same video networking intelligence
as the Traverser Access Shelf, and is responsible for video related
functionality such as demuxing and mapping of MPEG 2 bitstreams, video
subscriber management, video content management, and billing information.
Development efforts on this product have already begun and a prototype will be
available in the Spring of this year.
The Stinger(R) DSL Access Concentrator is industry leading, carrier-class
network equipment that has a proven record of reliability and maintainability in
the field. There are over 4M ports of the Stinger deployed in over 20 countries
around the globe. The industry-leading ingress bandwidth of the Stinger platform
makes it uniquely suitable for the delivery of television services.
mPhase intends to market this hybrid solution to telephone companies around the
globe. In particular, to telcos located in countries where the amount of coaxial
cable infrastructure is limited and where consumers lack options for
multi-channel television services. "We believe this hybrid approach to
delivering television services is unparalleled. It provides the stability of
mPhase's unique approach to delivering TV combined with an industry standard and
proven transport system." commented Ron Durando, President and CEO of mPhase.
AboutmPhaseTechnologies,Inc.
mPhase Technologies Inc. develops solutions for cost-effectively and reliably
transmitting broadcast digital television, high-speed Internet access and
traditional telephone service over existing copper telephone lines via its
flagship product, the Traverser(TM) Digital Video and Data Delivery System
(DVDDS). mPhase also offers a growing line of innovative DSL component products,
such as the IPOTS, designed to help service providers lower the provisioning and
operating costs associated with DSL. Additionally, through its subsidiary
company, mPhaseTelevision, the Company provides a turnkey digital television
package, including a full compliment of television programming to service
provides utilizing video over DSL.
More information is available at the mPhase Web site at www.mPhaseTech.com, or
by calling 877.674-2738. Investors may obtain additional information and
subscribe to investor services by referring to the Investor Information section
at the mPhase Web site or by calling Brittany Raymond of the Investor Relations
Department at 203/854-1348.
Contact Information:
mPhase Technologies, Inc.
Jennifer Silcott, Director of Marketing
Phone: 203.831.2208
Email: Jsilcott@mphasetech.com