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mPhase Technologies, Inc. (OTCBB: XDSL) announced today that its new product, the mPower Jump, a full powered, easily transportable, rechargeable jump starter, is initially being targeted towards the automotive aftermarket.
With over 250 million automobiles in the United States alone, the automotive aftermarket represents a significant market for the "wherever you go you're in charge" mPower Jump. mPhase is beginning to target regional and national automotive e-tailors and retailors as strategic channel partners.
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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