Company adds additional space to meet product demand
CLIFTON, N.J.--(BUSINESS WIRE)--mPhase Technologies, Inc. (XDSL), announced today that they have expanded its operations in response to increased demand for the company s line of portable jumpstarter products.
To prepare for the future demand of the mPower Technologies product line, the company has added a warehouse facility in Norwalk, CT. In addition, the company has relocated and expanded its corporate office in NJ and has moved into new office space located at 777 Passaic Ave, Suite 375, Clifton, NJ, 07012
Increased sales and marketing efforts have created the need for expansion in order to meet the demand from distributors and resellers of the mPower consumer products subsidiary of mPhase. With the preliminary marketing launch of the third emergency jumpstarter product, the company s move to larger space and additional warehousing was required.
The mPower Jump, Mini Jump and the fall launch of the Jump Plus have created a market demand and sales potential. This operational expansion will give the space needed to meet the anticipated needs of the company.
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.
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