Dec 8 2008
mPhase Technologies, Inc. (OTC BB: XDSL.OB) released an 8-K statement announcing that it has signed a contract with the Porsche Design Studio to design a premium version of the AlwaysReady Emergency Flashlight. The AlwaysReady Emergency Flashlight will be the first ever product to use the mPhase lithium reserve battery.
Item 1.01 Entry into a Material Definitive Agreement
On December 5, 2008 mPhase Technologies, Inc. signed a contract with Porsche Design Gesellschaft m.b.H., Flugplatzstrasse 29, A,S700 Zell am see. Austrla
["Porsche Design' Studio"], to design a premium version of the AlwaysReady Emergency Flashlight. The flashlight will contain mPhase's proprietary lithium reserve battery. The battery contains a breakable barrier that separates the solid electrodes from the liquid electrolyte until the battery is manually activated. Unlike traditional batteries, the mPhase battery remains in an inert state with no leakage or self-discharge until activation. The mPhase battery is designed to have an almost infinite shelf life making it ideal for emergency lighting applications.
The premium flashlight will be marketed as an accessory for automobile roadside emergency kits.