mPhase to Discuss Its Smart NanoBattery Technology At Smart Grid Implementation Summit,...

mPhase to Discuss Its Smart NanoBattery Technology At Smart Grid Implementation
Summit, August 19 in D.C.

LITTLE FALLS, N.J., Aug. 17, 2009 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc.
(OTCBB:XDSL) has accepted an invitation to participate on the Thought Leadership
Panel at the Smart Grid Implementation Summit on August 19 in Washington, D.C.
at 8:15 AM. mPhase will use this opportunity to introduce the benefits and
applications of the Smart NanoBattery as it relates to smart grid technology. In
particular, extending the life of remote unattended sensor networks using smart
batteries and designing power management optimization into a sensor network will
be discussed.

Over sixty executives from utilities, technology providers, trade associations,
and standards development organizations will be in attendance at the conference
which runs from August 17-19. The conference will serve as a place to share
ideas on how to create effective plans and guidelines for a standardized
implementation of smart grid technology. U.S. Energy Secretary Steven Chu and
Commerce Secretary Gary Locke are leading this year's conference.

Dr. Fred Allen is representing mPhase on the "The Future of Smart Grid
Technology" panel along with Bob Gilliam, VP Energy Transmission and
Distribution at GE, and Lorie Wigle, General Manager, Eco-Technology Program
Office at Intel. The discussion will be moderated by Branko Terzic, Regulatory
Policy Leader - Energy & Resources at Deloitte. The session will highlight some
of the cutting-edge technologies that are preparing for the full scale
deployment of smart grid initiatives surrounding the following topic areas:
batteries and renewable energy storage, infrastructure, metering, and
communications.

Said mPhase CEO Ron Durando, "A primary focus of this conference is to help
develop standards for the implementation of smart grid technology. With the
Smart NanoBattery, we have a potential to provide unique advantages and benefits
to smart grid systems that can be adapted universally as the standard smart grid
battery."

The Smart NanoBattery can be extremely effective in providing extended power to
critical smart grid devices and is a "green" solution that may allow the grid to
function more efficiently. The extended shelf life and usage life of the battery
could significantly reduce costs associated with servicing and changing
batteries that are used throughout the grids.

mPhase was invited to participate in the event because of the groundbreaking
advancements made by the company in developing the Smart NanoBattery providing
Power On Command(tm) that has several potential uses relating to power grid
monitoring and control. Smart grids require power monitors and sensors to be
located throughout the grid as a means of collecting data and transmitting
information to the computer systems that manage and regulate the grid's flow of
electricity. In many cases, these sensor devices will be powered by individual
batteries. The mPhase Smart NanoBattery is an attractive power source that could
be used to provide primary or emergency back up power to these remote sensors.
In certain low power devices, the Smart NanoBattery can potentially provide
continuous power for up to 20 years uninterrupted. If utilized as a reserve
power source, the Smart NanoBattery would automatically begin powering the
device if the primary power source failed. This could potentially reduce the
possibility of a service interruption.

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.

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

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