mPhase Refines New Automotive and Marine Product With Major European Automotive Manufacturer
January 03 2012 - 10:00AM
Marketwired
mPhase Technologies, Inc. (OTCBB: XDSL) today said that it has
refined its prototype of a new automotive and marine product
featuring advanced battery technology with a renowned European
Automotive Manufacturer.
mPhase has continued to work on refinements to the product that
has resulted in a size reduction and increased functionality over
the first prototype that was completed in 2011.
The new product, with a distinguished design, is expected to
have broad appeal to both the OEM and aftermarket automotive and
marine industry.
"The company will be demonstrating the new product in the first
quarter of 2012. The company has kept the new product under wraps
in order to protect our intellectual property while attempting to
establish a first to market advantage," said mPhase.
About mPhase Technologies, Inc. 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: http://www.mpowertech.com. More information
about the company can be found at http://www.mPhaseTech.com.
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.
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