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mPhase Technologies, Inc. (OTC.BB:XDSL - News) today said that the design of a new automotive product it is creating has been refined with a major European automobile manufacturer. The new automotive product is based on advanced battery technology.
The refinement of this product is leading to advanced functionality with a small footprint. A prototype is expected to be completed in the first quarter of calendar year 2011 and is expected to have broad appeal to both the OEM and aftermarket automobile industry.
"We have kept this product under wraps for competitive marketing reasons and look forward to unveiling this advanced battery automotive product this spring," said Ronald A. Durando, CEO of mPhase Technologies, Inc.
Forward-Looking Statements: 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.
About mPhase Technologies
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery.
In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio and sold via the mPower website: www.mpowertech.com. More information about the company can be found at www.mPhaseTech.com.
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mPhase Technologies, Inc
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