September 28, 2022

mPhase Announces First Electric Vehicle Charging Sites in North Carolina and Enters Hotel Site Market

Rockville, Md., May 26, 2022 (GLOBE NEWSWIRE) — mPhase Technologies, Inc. XDSL (“mPhase” or the “Company”), a technology company developing the mPower EV+ (electric vehicle) charging network and consumer engagement platform, today announced the completion of site selection for the first eight mPower EV charging locations in the state of North Carolina. , consisting of three gas stations and five hotel properties. These initial locations are in Elizabeth City, Hertford, Rocky Mount, Roanoke Rapids, and Durham. Sites should have an average of four Level 2 chargers under the mPower brand.

Strategic selection across the mPower network is focused on locations near high-traffic roads, affiliation with major regional and national brands, and on-site amenities such as restaurants, car washes, and convenience stores that could benefit from the mPower consumer engagement platform. The first sites in North Carolina feature two major gas station brands, with an Exxon site and two BP sites. Food and convenience brands at these mPower locations include McDonald’s and Subway. The five hotel sites were strategically selected from five major brands: Comfort Inn, Fairfield Inn, Holiday Inn, Country Inn and Springhill Suites.

“We already have thousands of potential gas station sites in our pipeline, but today’s announcement adds the hospitality vertical to our mPower ecosystem rollout,” explained mPhase CEO Anshu Bhatnagar. . “You’re going to see this pattern repeated in every state we enter, with a focus on big brands at the install site, coupled with proximity or affiliation with national restaurant chains, followed by new verticals in different types of locations that can complement our network We carefully select each location to prove our EV+ concept across a variety of location types and with a wide range of partners to broaden the reach of our sales efforts. Today’s announcement features five different hotel brands, a list that goes It’s an exciting time as we begin to put our mPhase chargers at the service of what we believe to be the most powerful electric vehicle ecosystem industry advanced.

Site assessment should begin within a week and installation will follow. The company has yet to announce the full mPower pipeline in North Carolina, but expects it to be similar in scale to previously announced states after the full rollout.

About mPhase Technologies

mPhase is an emerging electric vehicle-centric technology company focused on consumer engagement using data analytics and artificial intelligence to create a monetizable connection between consumers and retailers at opportunistic times and places. . The company is currently building a connected ecosystem of electric vehicle charging, 5G internet connectivity and software solutions that optimize consumer engagement under a SaaS/TaaS model. Branded as mPower, this ecosystem will empower the way people shop, dine, refuel and interact with the world to create a richer life experience. The mPower ecosystem is tailored to the tastes and needs of each individual, with a particular focus on empowering the green consumer of tomorrow. mPhase also has data-driven business units generating recurring revenue outside of its consumer ecosystem, in addition to legacy nanobattery technology and a related patent portfolio that are slated for future development. Additional information can be found on the mPhase website, www.mphasetech.com; and to www.mpower.co. Please follow us on Twitter: @mPhase_Tech for the latest updates.

Investor contacts:
ir@mphasetech.com


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