The decline is essentially a result of the restructuring measures introduced at the end of 2011 and the accompanying strategic change. Personnel expenses decreased due to the reduction in staff, particularly in the second management level, as well as in commercial functions.
"In the first half of the year, we laid out the basic requirements for the acceptance and future commercialization of our NanoTherm® therapy, and for the future development of our company. Today we are concluding this phase of strategic focus with the introduction of vital measures and additions to the management team. Over the short term, we are concentrating all our efforts and financial resources on establishing NanoTherm® therapy in the area of oncology and consequentially on the post-marketing clinical trial in glioblastoma. Together with strategic and distribution partners, we want to reinforce the commercialization of NanoTherm® therapy, ensuring sufficient funding." commented Christian von Volkmann, CFO.
http://www.magforce.de
Merck and Seiko Epson Corporation announced a cooperation and licensing agreement for inkjet inks used in the manufacture of organic light-emitting diode (OLED) displays. According to the ag- reement, Epson will supply Merck with ink technology that dissolves Merck’s OLED materials so that they can be used for the production of printable displays used in OLED television screens. Financial terms of the business agreement were not disclosed.
http://www.merck.de
mPhase Technologies, Inc. (OTCBB: XDSL) has received a Notice of Allowance from the US Patent & Trademark Office (USPTO) for a Modular Device patent. The invention generally relates to a handheld, powered device containing at least one power module having at least one battery, wherein the power module is removable and separately connects to each of the load modules. Moreover, mPhase Technologies is completing arrangements, in cooperation with Invest In France, an agency of the French government, for a second round of meetings at the Grenoble Technology Cluster known as Minalogic. The Company first visited the Cluster in March of 2012 after the relevant agencies reviewed mPhase‘s patent portfolio and recent valuation. The purpose of the second visit is to continue discussions with potential large strategic partners seeking to use the Company‘s Smart NanoBattery.
mPhase Technologies released a multi-purpose video of its new product targeted toward the automotive and marine industry end of October 2012. The pro- duct, which features advanced battery technology, was created under a Design Development Agreement with Porsche Design Studio of Zell Am See, Austria.
http://www.mpowertech.com http://www.mPhaseTech.com http://www.youtube.com/watch?v=gsZYhLURQ-o&feature=youtu.be
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