SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

(Check One) [ ]Form 10-K [X]Form 20-F [ ]Form 11-K [ ]Form 10-Q [ ]Form N-SAR

                  For Period Ended: December 31, 2002 [ ] Transition Report on
                  Form 10-K [ ] Transition Report on Form 11-K [ ] Transition
                  Report on form 10-Q [ ] Transition Report on Form N-SAR For
                  the Transition Period Ended:

Read Instruction (on back page) Before Preparing Form.  Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:

PART I - REGISTRANT INFORMATION

Full Name of Registrant            MPM Technologies, Inc.

Former Name if Applicable

Address of principal Executive Office (Street and Number)199 Pomeroy Road
City, State and Zip Code                               Parsippany, NJ 07054

PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25b, the following should
be completed. (Check box if appropriate)

[ ]      (a)The reasons described in reasonable detail in Part III of this
         form could not be eliminated without unreasonable effort or expenses.
[ ]      (b)The subject annual report, semi-annual report on Form 10-K, Form
         20-F, 11-F, Form N-SAR, or portion thereof, will be filed on or before
         the fifteenth calendar day following the prescribed due date; or the
         subject quarterly report or transition report on Form 10-Q, or portion
         thereof will be filed on or before the fifth calendar day following the
         prescribed due date; and
[ ]      (c)The accountant's statement or other exhibit required by Rule
         12b-25(c) has been attached if applicable.

PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10K, 20-F, 11-K, 10-Q,
N-SAR, or the transition  report or portion  thereof,  could not be filed
within the prescribed time period. (Attach Extra Sheets if needed)

Additional time needed to prepare financial statement from Company's accounting
data.




(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
     notification

     Glen Hjort                  847               755-9700
       (Name)                (Area Code)       (Telephone Number)

(2)  Have all other periodic  reports  required under Section 13 or 15(d) of the
     Securities Exchange Act of 1934 or Section 30 of the investment Company Act
     of 1940 during the preceding 12 months (or for such shorter period that the
     registrant  was required to file such reports been filed?  If answer is no,
     identify reports(s). [X] Yes [ ] No

(3)  Is it anticipated that any significant change in results of operation from
     the corresponding period for the last fiscal year will be reflected by the
     earnings statements to be included in the subject report or portion
     thereof? [ ] Yes [X] No
     If so, attach an explanation of the anticipated  change,  both  narratively
     and quantitatively, and, if appropriate, state the reasons why a reasonable
     estimate of the results cannot be made.

MPM Technologies, Inc.
(Name of Registrant as Specified in Charter)

has  caused  this  notification  to be signed on its  behalf by the  undersigned
hereunto duly authorized.


Date: March 28, 2003       By: /s/ Michael J. Luciano, Chief Executive Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be with the form.

ATTENTION
Intentional  misstatements  or omissions  of fact  constitute  Federal  Criminal
Violations (See 18 U.S.C. 1001).