CLIFTON, N.J.--(BUSINESS WIRE)--mPhase Technologies Inc., (XDSL), (http://mphasetech.com/)(http://mpowertech.com/), said today that on the heels of it’s successful 2014 calendar year with sales in excess of $1.3 million, mPhase has set its goals on leveraging the mPower brand. The company has plans to expand and diversify the product line to position the company for future growth.
The company kicks off the new year with an announcement of the development of a second stage prototype of an innovative new product. The product remains in mPower’s well-branded battery category. This new device opens channels outside of the markets of rechargeable batteries for vehicles and will serve the consumer and industrial markets. The new product is expected to launch in the summer of 2015. mPower has also found that the “green” aspect of this product is of broad interest and the prototype is likely to be introduced at a tradeshow this spring.
The mPower Jump was the kick-off anchor product as 2014 began and revenue started to increase with the addition of the Mini Jumpstarter. By the fall of ‘14, the mPower Jump Plus was introduced and the combination of the fully branded line, along with winter promotional pricing, positioned the company for its growth.
mPower has begun an introduction of a fourth vehicle jumpstarter product into the already successful line. The mPower Truck Jump will be available for retailer’s shelves by early spring. The product will target the truck, bus and RV market, expanding the product line to users of much larger vehicles than previously targeted with the other mPower jumpstarters in the line.
The mPower products can be found on the company’s website at www.jumpitnow.com along with a store locator. Wholesale pricing is available for resellers and distributors. Distributor inquiries can be directed to email@example.com
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About mPower Technologies
mPower Technologies Inc. is the wholly owned consumer products subsidiary of mPhase Technologies, Inc. More information about the company can be found at http:// www.mpowertech.com.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (XDSL), a 2013 Frost and Sullivan recipient for the North American Advanced Battery Technology Innovation Award. mPhase Technologies is a publicly traded company (XDSL) that is pioneering 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, still in development. 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.