Aerius Secures Funding to Bring First Aerius-Equipped Smartphone to Market
July 29 2010 - 3:00AM
Aerius International, Inc., (Pink Sheets:AERS) today announced that
it had secured the necessary funding to bring the first
Aerius-equipped smartphone to market possibly as early as the
fourth quarter of this year.
Aerius expects to contract with a major manufacturer to make the
first smartphone with its revolutionary antenna technology, which
dramatically improves phone performance and increases battery
life. Aerius has chosen smart phones as its first product
based on industry forecasts that smartphone sales will reach 2.5
billion units between 2010 and 2015.
The funding was completed via a private placement of 1,500,000
shares at $0.07 per share to an accredited investor on July 1, 2010
generating $100,000 for the company.
Aerius won the 2009 Frost & Sullivan Green Technologies
Award in Wireless Technologies for Aerius revolutionary cell phone
technology that increases battery life 2 to 4 hours, reduces
dropped calls 60% and cell phone power loss into users 50%.
Frost & Sullivan also reported widespread deployment of
Aerius phones can benefit carriers –saving up to 1.2 million tons
of cell site CO2 emissions per year just in the United States.
Additional reports on the performance of Aerius equipped phones
from the US Federal Communications Commission, T-Mobile USA, and
independent CTIA authorized labs worldwide can be viewed on the
Aerius website at www.goaerius.com.
Safe Harbor Statement
This release includes forward-looking statements intended to
qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally can be identified by phrases
such as Aerius or its management "believes," "expects,"
"anticipates," "foresees," "forecasts," "estimates" or other words
or phrases of similar import. Similarly, statements herein that
describe the Company's business strategy, outlook, objectives,
plans, intentions or goals also are forward-looking statements. All
such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those in forward-looking statements. The forward-looking
statements included in this release are made only as of the date of
this release, and the Company undertakes no obligation to update
the forward-looking statements to reflect subsequent events or
circumstances.
CONTACT: Aerius International, Inc.
Bill Luxon, CEO
866-412-9800
Fax: 866-412-5300
info@goaerius.com
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