RALEIGH, N.C., March 6, 2013 /PRNewswire/ -- Today Mohu announced revenue grew 700% last year and is expected to increase 300% in 2013. Since introducing the Leaf antenna in March 2011, the company has quickly positioned itself as a leader in the "cord-cutting" movement currently underway in the United States. Mohu estimates it has saved its customers more than $220 million in monthly cable and satellite bills.
Yahoo!/CNBC recently released its annual Top 10 Gadget list, and in it named the Mohu Leaf among the top ranking products alongside the Apple iPad and Amazon Kindle. Throughout 2012, the Leaf ranked second in the Television and Video category on Amazon.com just behind the Apple TV. The technology behind the paper-thin Leaf antenna is a byproduct of research conducted for the United States Navy by Mohu's engineers and was based on a discreet mud flap antenna designed for use on armored vehicles.
"It's a great achievement for Mohu to be named among the most innovative companies in the country and to be recognized as a leader in the cord-cutting movement," said Mohu Founder and President Mark Buff, Ph.D. "Innovation is a core focus of ours and making a product that is practical, well made, and affordable is what we strive to give consumers each and every day. We make the Leaf here in Raleigh and are proud to be a part of the 'Made in USA' manufacturing renaissance happening in the country today."
About Mohu/Greenwave Scientific, Inc.
Mohu is a leading technology company based in Raleigh, North Carolina. Founder Mark Buff performed research & development relating to Improvised Explosive Device (IED) neutralization and defeat for various military initiatives. His research included the development of "low and no-profile" antenna systems for military ground vehicles, multi-channel antenna apertures for ground robots and anatomically accurate RF absorption measurement systems. Co-founder Russ Winstead worked at IBM for 19 years as part of the development team responsible for IBM's first laptop, the Thinkpad.
All of Mohu's products can be purchased from Mohu and will be available in most major retail chains by the end of 2013. For more information, visit www.gomohu.com. Mohu and its related products are registered trademarks with several patents pending.