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mPhase Technologies, Inc. (OTCBB: XDSL) said today that it is developing plans to move the mPower Jump "Wherever You Go You're in Charge" a new class of jump starters for automobiles into low rate initial production (LRIP).
mPhase is in the process of selecting a contract manufacturing firm to move from prototype stage to LRIP.
The Go to Market Strategy for the mPower Jump is being developed with Stratus Consulting a leading marketing services company with the automotive aftermarket being the initial target for the product.
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.
About Stratus Consulting, Inc.
STRATUS CONSULTING (www.stratusmarketing.com) is a leading business development and marketing services firm that focuses exclusively on developing strategies and programs to launch technology products and/or services to the global marketplace. Stratus is comprised of nearly 60 strategic market development professionals and consultants worldwide who have provided global launch services to technology companies and innovators that are either developing new products or commercializing existing technology platforms. We offer a unique 3-phase model that integrates strategic plan development, campaign development and administration, and sales/partner development all under one roof for selling products and professional services within targeted market sectors. STRATUS primarily focuses on go-to-market activities that fall outside our clients' normal GTM processes due to new or "left of brand center" products or services and the need for companies to penetrate new geographies/market segments and new sales and distribution models.
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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