SOURCE: mPhase Technologies

mPhase Technologies

September 08, 2009 10:15 ET

mPhase Technologies CEO Ron Durando to Address 2009 NanoBusiness Conference in Chicago

Evolution of a Smart NanoBattery and Road to Revenue to Be Discussed

CHICAGO, IL--(Marketwire - September 8, 2009) - mPhase Technologies, Inc. (OTCBB: XDSL) today announced that CEO Ron Durando will be speaking at the NanoBusiness Conference 2009 on Thursday, September 10. Mr. Durando will discuss the evolution of its Smart NanoBattery technology and how the company is leveraging this advanced battery technology to create revenue from a consumer based product.

His presentation, titled "Evolution of a Smart NanoBattery and The Road to Revenue," will take place at 11:45 AM at the Chicago Hyatt Regency McCormick Place.

mPhase Technologies is commercializing an advanced technology that brings together elements of nanotechnology, microfluidics, and MEMS to create a unique battery that offers a potentially infinite shelf life. The process of electrowetting is used to physically keep the battery's chemicals separate until initial activation to eliminate power dissipation. mPhase is currently working toward developing a prototype of its Smart NanoBattery as part of a U.S. Army STTR program. The company was awarded $750,000 in September of 2008 under a two year development program.

mPhase is also preparing for the launch of its first consumer product using their advanced battery technology. The mPhase reserve lithium battery will be utilized in the AlwaysReady Emergency Flashlight which the company expects to be available for purchase in early 2010. mPhase is now moving toward production of the product as the first working prototype of the product was just recently completed.

Mr. Durando will address the company's progress in commercializing these advanced technology products at the conference.

About mPhase Technologies, Inc. and 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.

About The NanoBusiness Alliance

The NanoBusiness Alliance's mission is to create a collective voice for the advancing nanotechnology industry and develop a range of initiatives to support the nanotechnology business community. Among the NanoBusiness Alliance's goals are the development of research and education programs, public policy and lobbying initiatives, public awareness campaigns, and industry support networks. The NanoBusiness Alliance has locations in New York City and Chicago, IL and soon will be opening an additional office in Washington, DC. www.nanobusiness2009.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.

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