mPower Technologies Inc. (http://mpowertech.com/),
the consumer products subsidiary of mPhase Technologies, Inc. (XDSL),
announced today that it had its biggest sales quarter to date with over
a half million dollars in sales revenue in the last quarter of ‘14. With
a holiday sales promotion for resellers that included promotional retail
pricing for consumers in stores, orders increased and re-orders
continued throughout the holiday shopping season.
mPower developed a pricing plan to promote the mPower Mini Jump to
increase the retailer base. Almost 1000 stores from one national
aftermarket auto chain ordered Minis to either stock their first mPower
emergency portable jumpstarter product or join the mPower Jump already
on their shelves. The Jump Plus is also being included in some of the
store re-orders. The company has extended seasonal pricing beyond the
holidays. Recognizing the winter seasonality of the jumpstarter, mPower
has continued with Winter Promotional Pricing and new retailers from
other automotive chains are bringing the products to their shelves.
mPower believes there is an opportunity to build relationships with
other chain retailers and orders are reflecting that activity.
mPower has three products solidly in the marketplace that are meeting
the consumers’ demand in the portable emergency jumpstarter category.
The mPower Jump can jumpstart a 12V vehicle, car or boat, up to
30 times on a single charge. The Mini Jump, smaller in size,
targets an additional market by offering a jumpstarter that has the
added capabilities of charging electronics. The Mini can be categorized
in consumer electronics. The third product is the Jump Plus. The
Plus is marketed to a high volume user such as vehicle fleets and
commercial repair and combines the high volume jumpstarter with features
for charging electronics and an LED flashlight with SOS flasher. The
Jump Plus even runs 12V mini refrigerators and 12V pumps and inflators.
The mPower Jump, Mini Jump and Jump Plus can be found on the company’s
website at www.jumpitnow.com
along with a line of accessories. Wholesale pricing is available for
resellers and distributors. Distributor inquiries can be directed to dealer@mpowertech.com.
Wherever you go, you’re in charge.
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.
Copyright Business Wire 2015