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

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.

Contact:
Mr. John Levitt
mPhase Technologies, Inc.
Public Relations Coordinator
973-256-3737
Email Contact
www.mPhaseTech.com

SOURCE: mPhase Technologies

http://www2.marketwire.com/mw/emailprcntct?id=223BB073FCB7CBDA
http://www.mPhaseTech.com

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