mPhase Appoints Industry Veteran Richard Thorpe as CEO

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Rockville, MD, Sept. 14, 2022 (GLOBE NEWSWIRE) — mPhase Technologies, Inc. (OTC Pink: XDSL) (“mPhase” or the “Company”), a number one client engagement firm growing a collection of mPower mobility companies that improve income for retailers, is happy to announce the appointment of sustainability business professional Richard Thorpe as Chief Executive Officer (CEO) and board member. This management change is a part of a deliberate transition designed to populate the Company’s senior positions with business specialists as mPhase enters its execution section.

A world professional on sustainable business and co-founder of the UK School of Sustainability, Richard most lately was Chairman and CEO of HFM Group, a worldwide strategic development and capital consulting agency that spearheaded tasks throughout quite a few client, EV transportation, and know-how classes and geographies. He additionally has in depth, government stage expertise in amenities administration with multinational firms servicing accounts in all kinds of industries. His know-how roots are deep, courting again to his growth of the world’s first Bluetooth advertising product and metropolis community; and government function as Solution Sales Lead at Honeywell. Richard is an advocate for driving sustainability for the companies during which he operates, backed by a profession supporting cross-sector sustainability initiatives. A frequent business visitor speaker, he was additionally acknowledged as the “CEO to watch for 2019/2020” by the Telegraph and Lloyds Banking Group.

“I’ve been following this story since mPhase first began its transition into an EV commerce company; and came close to signing some EV partnerships that fit into the Company’s ecosystem during that time,” defined CEO Richard Thorpe. “This will be familiar ground for me, as I was involved in the original development of the core technology behind the mPower platform, giving me a built in understanding from day one. I have long thought that mPhase had a superior model that addresses where EV charging is going in the future, so it is truly gratifying to assume a leadership role in making our industry-first mobility solutions a reality.”

“With extensive working history in the EV space already in hand, I expect this to be a seamless transition, where we build on rather than replace much of the current strategy. While today’s announcement is my official start, I have actually been working with mPhase during this management transition period to design an improved strategy and to select the right team. So, I am starting this role with my imprint already firmly on our future path. We are still filling out our management ranks and are in the process of onboarding industry experts, with each step part of a carefully devised plan to gain rapid credibility in the field. I have already crisscrossed the U.S. to meet current and future members of the new mPhase team, potential business partners, and customers, and am very encouraged by the direction we are headed. Our strategy will involve some industry firsts, but at its core, will have a central mission to elevate both personal and corporate sustainability in ways not previously possible. Our goal in the coming weeks and months is to showcase a new corporate culture that finally unlocks the promise of our groundbreaking technology and strategy. I am very excited about the role we can play in providing a suite of mobility solutions that address unfilled needs across multiple industries; and look forward to providing frequent updates on our progress.”

About mPhase Technologies

mPhase is a mobility companies firm providing a collection of client engagement companies utilizing information analytics and synthetic intelligence to affect buyer buy selections at opportunistic occasions and locations. The firm’s mPower platform will affect the place shoppers store, gas and work together with retailers. mPower is tailor-made to every particular person’s tastes and desires, with a concentrate on empowering the environmentally-conscious client and the evolution to EV-centric journey. Additional data will be discovered on the mPhase web site, www.mphasetech.com. Please observe us on twitter: @mPhase_Tech for the most recent updates.

Investor Contact:
[email protected]



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