Investorideas.com - Nanotechnology Stocks; mPhase Technologies (OTC.BB:XDSL) developing new automotive product using advanced battery technology
Major European auto manufacturer retained
LITTLE FALLS, NJ - November 10, 2010 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB:XDSL) today said that it is developing a new automotive product with a major European automobile manufacturer that is based on advanced battery technology.
A prototype of the product is expected to be completed in the first quarter of calendar year 2011. A feasibility study was concluded and the product is expected to have broad appeal to both the OEM and aftermarket automobile industry.
"We have been developing this new product for months and anxiously await the completion of the prototype. Working with the engineering staff of this prestigious European automobile manufacturer has been rewarding," said Ronald A. Durando CEO of mPhase.
About mPhase Technologies, Inc.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfludics. 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.
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.
Danielle LaSallemPhase Technologies, Inc.973-256-3737
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