mPhase Records First Sales of mPower Emergency Illuminator
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LITTLE FALLS, NJ--(Marketwire - April 13, 2010) - mPhase Technologies, Inc. (OTCBB: XDSL), the developer of Power on Command™ battery technologies, has commenced shipments of its mPower Emergency Illuminator. mPhase is teaming with Amazon.com to process and fulfill US-based orders and Bongo.com for international orders, and the first shipments were dispatched beginning March 31st to customers who pre-ordered from February to late-March.
mPhase Technologies CEO Ron Durando stated, "The sale and shipments of the Emergency Illuminator represent a shift for mPhase for this product from development stage to a revenue producing product. Initial product shipments to customers at the end of March achieved the goal we set for getting the mPower Emergency Illuminator to market just as the fourth quarter of Fiscal Year 2010 began."
The mPower Emergency Illuminator is a precision instrument with a powerful 180 Lumens LED and a USB charging port with two separate battery tubes. One tube is for everyday use and holds two CR123 batteries, while the other tube holds mPhase's Power On Command™ reserve battery. If the regular CR123 batteries run down, the reserve battery provides power even after laying idle for 20 years. The design of the Emergency Illuminator was performed by the renowned Porsche Design Studio in Zell am See, Austria, and the product manufacturing is by MKE of Heidenreichstein, Austria.
About mPhase Technologies, Inc. mPhase Technologies, Inc. is focused on developing and commercializing a new battery technology featuring Power On Command™ which provides a unique way to store energy and manage power that will revolutionize the battery industry. mPhase, through its 100% owned consumer products division mPower Technologies, is marketing its first Power On Command product, The mPower Emergency Illuminator. For more information, please visit http://www.mPhaseTech.com and http://www.mPowerTech.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. Power Efficiency assumes no obligation to update the information in this release.
Contacts: Michael Meek mPhase Technologies, Inc. Investor Relations 301-718-1635 The Investor Relations Group 212-825-3210 Jason Strominger Erika Moran
