mPhase Appoints Venkat Kodumudi Chief Operating Officer

UNITED STATES


Gaithersburg, MD, May 24, 2021 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC Pink: XDSL) (“mPhase” or the “Company”), a technology company specializing in EV charging and consumer engagement, announced that it has appointed industry veteran Venkat Kodumudi as Chief Operating Officer. Mr. Kodumudi brings over 29 years of experience in information technology senior management that includes a 14-year career as software developer and architect. Previously, he had been involved in over 5 companies and a Federal Government Agency, in the information technology industry holding positions including chief technology officer, health product practice lead, director, and deputy director for IT operations. From 2017 through May 2021, Venkat was a Director for CGI, Inc., (NYSE: GIB) an IT services company, with diverse duties including practice lead for blockchain and intelligent automation technology. From 2016 to 2017, he was CTO for FocalCXM, Inc., a company involved in building and supporting consumer engagement solutions for the Lifesciences industry.

“We are excited to have Venkat join the team during this transformational time,” said CEO Anshu Bhatnagar. “His experience in information technology, software development and intelligent automation technology aligns with our focus to diversify our revenue streams.”

The Company is actively pursuing multiple projects in its core learning, travel and data analytics businesses, its legacy battery space, and other technology categories not yet included in the current revenue forecast. mPhase is in the process of hiring engineering, sales and other support personnel in its U.S. operations to coincide with the launch of new growth initiatives designed to add additional recurring revenue sources in future quarters.

About mPhase Technologies

mPhase is a technology driven, innovative development company that creates and commercializes products and applications that impact everyday people. The Company is assembling industry-leading teams specializing in artificial intelligence, machine learning, software, consumer engagement, and other advanced technologies. Additional information can be found at the mPhase website, www.mphasetech.com. Please follow us on twitter: @mPhase_Tech for the latest updates.

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Investor Contact:
ir@mphasetech.com