Prominent Tech Companies Expand Target Markets With Innovative Products: mPhase Technologies, Plug Power, Rambus, Ballard Bower Systems, Scripps Networks Interactive
CORAL SPRINGS, Florida, December 11, 2013 /PRNewswire/ --
Technology companies bolster marketing efforts as target markets expand: mPhase Technologies, Inc. (OTCQB: XDSL), Plug Power Inc. (NASDAQ: PLUG), Rambus Inc. (NASDAQ: RMBS), Ballard Power Systems Inc. (NASDAQ: BLDP) and Scripps Networks Interactive Inc. (NYSE: SNI)
mPower Technologies Inc., the consumer products division of mPhase Technologies, Inc. (OTCQB: XDSL), the consumer products division of mPhase Technologies, Inc., announced today that they will kick off a marketing program targeting the marine market at the NY Boat Show at The Jacob K. Javits Convention Center in NYC. The show opens on New Year's Day and runs until January 5th. The emergency jump starter product, launched at the SEMA Show in November, is now shipping and the target markets are expanding. The mPower Jump It is already in high demand in the consumer marketplace with orders coming in on the http://www.mpowertech.com website. The company believes that there is a significant opportunity to grow sales in the marine market with the portability of the jump starter and the NY Boat Show is the perfect place and the right time to step into that market. Tens of thousands of boating and fishing enthusiasts start their season at the New York Boat Show. With its 108-year history the show is recognized as THE place to see the latest and greatest in boating.
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The Jump It has an MSRP of $89.95 and it's a cost effective tool in many target markets. It's size and portability lends itself to fit the needs of numerous specialty markets. The mPower JUMP IT delivers an incredibly powerful, compact jump starting capability. Boat enthusiasts worldwide, can enjoy the peace of mind that comes with always having a jump starter on board. Because these products are always handy, always ready and always easy to use. See the mPower JUMP in action on YouTube at: http://www.youtube.com/watch?v=gsZYhLURQ-o
Plug Power Inc. (NASDAQ: PLUG) an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of fuel cell systems for the industrial off-road markets worldwide. The company develops and sells a range of fuel cell systems comprising hydrogen-fueled Proton Exchange Membrane (PEM) systems. Its product line includes PEM GenDrive products for sale on commercial terms for industrial off-road consisting of forklift or material handling applications, with a focus on multi-shift high volume manufacturing and high throughput distribution sites. The company sells its products to businesses, government agencies, and commercial consumers through direct product sales force, original equipment manufacturers, and their dealer networks. PLUG closed up 11.31% on Tuesday on over 22 million shares traded.
Rambus Inc. (NASDAQ: RMBS) and Micron Technology, Inc. (NASDAQ: MU) recently announced they have signed a broad patent cross license agreement. Under the agreement, Micron gains the right to use any Rambus patent for the manufacture of specified integrated circuit products, including any memory integrated circuit products. Certain of these memory products will enjoy a perpetual, paid-up license after the end of the initial term. The agreement requires quarterly royalty payments to Rambus over the next seven years capped at $10 million per quarter, with a rolling twelve-month cap fixed at $40 million, or $280 million during the initial term. In addition, Micron will have the option to extend the initial term of this agreement for additional renewal periods.
Ballard Power Systems Inc. (NASDAQ: BLDP) will be supplying ElectraGenTM-ME fuel cell systems for a pilot project in Idea Cellular's India telecom network. The fuel cell systems will be utilized in combination with solar technology to generate continuous power at five wireless base station sites. Funding for a feasibility study as well as the pilot project has been made available through a grant from the United States Trade and Development Agency (USTDA).This project will support Idea Cellular's efforts to find clean energy solutions to replace the use of diesel generators in its network throughout India.
Scripps Networks Interactive Inc. (NYSE: SNI) develops lifestyle-oriented content for television and the Internet markets in the United States and internationally. It delivers entertaining and useful content that focuses on specifically defined topics of interest for audiences and advertisers. The company operates national television networks, such as Food Network, Home and Garden Television (HGTV), Travel Channel, DIY Network (DIY), Cooking Channel, and Great American Country (GAC); and Websites, including FoodNetwork.com, HGTV.com, TravelChannel.com, DIYNetwork.com, CookingChanneltv.com, and GACTV.com that are associated with the television networks and other Internet-based businesses serving food, home, and travel related categories. It also licenses its content to third parties, as well as brands for consumer products, such as videos, books, kitchenware, and tools. SNI closed up .68% on Tuesday on over 900,000 shares traded.
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