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Rockville, MD, May 26, 2022 (GLOBE NEWSWIRE) — mPhase Technologies, Inc. (OTC Pink: XDSL) (“mPhase” or the “Company”), a next-generation company to the mPower EV (electric vehicle) charging network and customer engagement platform, today announced the final touch of the variety of sites for the first 8 mPower EV charging locations in the state of North Carolina, consisting of 3 gas stations and five hotel properties. These initial locations are in Elizabeth City, Hertford, Rocky Mount, Roanoke Rapids and Durham. The sites have an average of 4 level 2 chargers under the mPower brand.
The strategic variety across the mPower network is aimed at roads close to heavy traffic, partnering with major regional and national brands, and services such as restaurants, car washes, and convenience retail stores that can take advantage of mPower customer engagement. The first in North Carolina featured two major brands of fuel stations, with one Exxon and two BP. The food and proximity brands in those mPower come with McDonald’s and Subway. The hotel’s five locations were strategically decided from five major brands: Comfort Inn, Fairfield Inn, Holiday Inn, Country Inn and Springhill Suites.
“We already have thousands of potential fuel station sites in our portfolio, however, today’s announcement adds the hotel vertical to the implementation of our mPower ecosystem,” said mPhase CEO Anshu Bhatnagar. and both claim that we enter, with a focus on the big brands on the installation site, added to the proximity or association with national restaurant chains, followed by new verticals in other types of sites that can complement our netpaintings. We conscientiously chose both a site to turn our EV concept into a variety of location types and with a wide diversity of partners to expand the success of our sales efforts. Today’s announcement features five other hotel brands, a list that will grow as we expand into new regions. an exciting time as we begin to roll out our mPhase chargers for what will be the most complex electric vehicle ecosystem in the industry.
Site evaluation is expected to begin within a week and then installation. The company has not yet announced the full mPower pipeline in North Carolina, but expects it to be on a scale similar to that of previously announced states after the full launch.
About mPhase Technologies
mPhase is an electric vehicle-focused generation start-up focusing on customer engagement data analytics and synthetic intelligence to create a monetizable connection between customers and stores at convenient times and places. Array The company is recently building a connected ecosystem of electric vehicle charging, 5G web connectivity, and software responses that optimize customer engagement under a SaaS/TaaS model. Branded mPower, this ecosystem will empower the way others shop, dine, fuel and interact with the world to create a richer life experience. The mPower ecosystem is tailored to the tastes and desires of each individual, with a specific focus on empowering the green customer of tomorrow. mPhase also has knowledge-driven business sets that generate recurring revenue out of the gates of its customer ecosystem, in addition to legacy nano-battery generation and a similar patent portfolio that is slated for long-term development. Additional data can be obtained from the mPhase website, www. mphasetech. com; and at www. mpower. co. Follow us on Twitter: @mPhase_Tech for the latest updates.
Investor Contact: ir@mphasetech. com