LAS VEGAS, July 29, 2010 (GLOBE NEWSWIRE) -- Aerius International, Inc., (Pink Sheets:AERS) today announced that it had secured the necessary funding to bring the first Aerius-equipped smartphone to market possibly as early as the fourth quarter of this year.
Aerius expects to contract with a major manufacturer to make the first smartphone with its revolutionary antenna technology, which dramatically improves phone performance and increases battery life. Aerius has chosen smart phones as its first product based on industry forecasts that smartphone sales will reach 2.5 billion units between 2010 and 2015.
The funding was completed via a private placement of 1,500,000 shares at $0.07 per share to an accredited investor on July 1, 2010 generating $100,000 for the company.
Aerius won the 2009 Frost & Sullivan Green Technologies Award in Wireless Technologies for Aerius revolutionary cell phone technology that increases battery life 2 to 4 hours, reduces dropped calls 60% and cell phone power loss into users 50%.
Frost & Sullivan also reported widespread deployment of Aerius phones can benefit carriers –saving up to 1.2 million tons of cell site CO2 emissions per year just in the United States.
Additional reports on the performance of Aerius equipped phones from the US Federal Communications Commission, T-Mobile USA, and independent CTIA authorized labs worldwide can be viewed on the Aerius website at www.goaerius.com.
Safe Harbor Statement
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Aerius or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. The forward-looking statements included in this release are made only as of the date of this release, and the Company undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.