Apple's next iPhone could come packaged with a special feature that will guarantee it doesn't need to be replaced the next time you drop it in the toilet.Believe or not, toilets have eaten a large number of smartphones. But if it isn't a toilet that destroys your prized device, it could be the bottle of beer that your friend spilled or the pool you dropped it in before taking a swim. Any amount of liquid -- water or otherwise -- could prove to be detrimental to your phone.Thus, when ZAGG (NASDAQ: ZAGG) got a peak at a new technology that would allow smartphone manufacturers to waterproof their phones, the company jumped at the chance to acquire the IP. "We purchased the IP and the system around it from a group out of Boston about a year ago," ZAGG co-founder and CEO Robert G. Pedersen II told Benzinga. "We improved the technology and we spun off a separate company called HZO. We got outside investors to come in and fund it so we didn't need to do any kind of raise through ZAGG. ZAGG still owns 40% of HZO."Pedersen said that HZO (of which the 'Z' stands for 'ZAGG') enables mobile ...
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