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mPhase Technologies, Inc. (OTCBB: XDSL) said today that on October 25, 2012, it will be releasing a multi-purpose video of its new product targeted toward the automotive and marine industry.
The product, which features advanced battery technology, was created under a Design Development Agreement with Porsche Design Studio of Zell Am See, Austria. mPhase has kept the product under wraps in order to minimize the threat of reverse engineering the product.
The video will be used for marketing and product launch purposes. mPhase has retained the services of Stratus Consulting, Inc., a leading technology launch agency (www.stratusmarketing.com), to assist the Company in the initial marketing efforts of this product line.
About mPhase Technologies, Inc.
mPhase Technologies is a leading nanotechnology innovator in Smart Surfaces. Potential applications include energy storage systems, drug delivery 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.
mPhase is now introducing graphene into our core nano-silicon technology to enable broader use of the mPhase Smart NanoBattery. The Company seeks to leverage the promising properties of silicon and graphene to improve the energy efficiency and power of energy storage devices that are not possible with present battery technology.
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.
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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