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mPhase Technologies, Inc. (OTCBB: XDSL), a leader in the development of Smart Surfaces and Advanced Battery Technologies announced today that it has signed a representative agreement with Tritech Ltd. of Hod HaSharon, Israel. Tritech Ltd.
Tritech (www.tritech.co.il) is a leading stocking representative and distributor of major manufacturers of electronic components serving the Military, Communication, Medical, Industrial Control and Security Industries.
Tritech has agreed to promote and distribute mPhase Technologies products exclusively in Israel.
mPhase, a leader in developing smart surfaces, has developed a new battery technology enabled through breakthroughs in Nanotechnology, MEMS (MicroElectroMechanical Systems) and Microfludics. mPhase is about to deliver the first ever Smart Programmable NanoBattery to the US Army. The Smart NanoBattery is being developed as part of the U.S. Army STTR Program to develop unique new battery technology for military purposes. mPhase, through its wholly owned retail subsidiary mPower, has also developed its award winning emergency illuminator featuring "Power On Command" battery technology.
"We are extremely pleased that Tritech Ltd. has agreed to represent us in Israel. Tritech is a well-known and established stocking representative and distributor of electronic components in Israel. We look forward to penetrating the market in Israel with Tritech Ltd.," said Ronald A. Durando, CEO of mPhase Technologies.
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.
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Michael Meek CPhT
mPhase Technologies, Inc.
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