mPhase Technologies, Inc., Thrilled With Alcatel-Lucent Success On Magnetometer Demonstration...

mPhase Technologies, Inc., Thrilled With Alcatel-Lucent Success On Magnetometer
Demonstration With U.S. Army Program

LITTLE FALLS, N.J., May 18, 2009 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc.
(OTCBB:XDSL), a New Jersey corporation (mPhase), today announced that it's
thrilled Lucent Government Systems (LGS) and Alcatel-Lucent Bell Labs have
successfully demonstrated a prototype Microcompass Magnetometer to the U.S.
Army.

In March 2005, mPhase entered into a joint development agreement with
Alcatel-Lucent Bell Labs to develop magnetometer technology for military and
commercial applications. Under the terms of the agreement, mPhase would be due
royalties if the magnetometer is successfully commercialized.

Ronald Durando, the CEO of mPhase said, "We are excited that the original
funding mPhase provided to the technical team for work started under the joint
development agreement, with the then Lucent Bell Labs, has allowed the program
to move from the research phase, to a developed prototype that appears to have
successfully met the needs of the Army."

mPhase Technologies, Inc.

mPhase is a micro and nanotechnology development company focused on advanced
power and sensing solutions. mPhase designs and develops proprietary technology
by manipulating matter at the scale of atoms and molecules, controlling
properties at the micro- and nanometer levels, and packaging solutions into
products that provide value to customers. The SmartBattery(tm) one of the
projects that mPhase is developing, offers a revolutionary approach to energy
storage and power management.

The mPhase Technologies logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6037

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CONTACT: mPhase Technologies, Inc.
Mr. John Levitt, Public Relations Coordinator
973-256-3737 x166
JLevitt@mPhaseTech.com
www.mPhaseTech.com