SOURCE: mPhase Technologies

April 29, 2008 09:00 ET

mPhase/AlwaysReady to Produce Lithium Pouch Batteries

LITTLE FALLS, NJ--(Marketwire - April 29, 2008) - mPhase/AlwaysReady (OTCBB: XDSL) today announced plans to fabricate lithium pouch battery prototypes that provide Power on Command™. mPhase/AlwaysReady is in the process of producing lithium-based batteries that can be manually activated as well as batteries that can be activated electronically that have an almost infinite shelf life.

AlwaysReady CEO Fred Allen, noted, "The rapid progress the company is making on our lithium prototypes is of utmost importance for us strategically. I am pleased with our rapid progress to date and am confident that the prototypes in development will move us one step closer to commercialization."

About mPhase/AlwaysReady Inc.

mPhase Technologies Inc. (OTCBB: XDSL), through its wholly owned subsidiary AlwaysReady, Inc., is focused on developing and commercializing a new battery technology based on a well-patented phenomenon known as electrowetting, which provides a unique way to store energy and manage power that will revolutionize the battery industry. For more information please visit our website at www.mPhaseTech.com.

Safe Harbor Statement

This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of companies mentioned in this press release in light of current conditions, expected future developments and other factors they believe to be appropriate. Actual results may differ as a result of factors over which the company has no control.

Contact Information

  • Contact:
    Mr. Gerard Adams
    mPhase Technologies, Inc.
    Investor Relations
    973-256-3737 x105
    Email Contact