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mPhase Technologies: mPhase Technologies to Exhibit Recent Advancements at 2009 NanoBusiness Conference

^{Published on 2009-09-08 08:47:33 - Market Wire}
 

CHICAGO, IL--(Marketwire - September 8, 2009) - mPhase Technologies, Inc. (OTCBB: [ XDSL ]) will be exhibiting recent advancements made in the development of its Smart NanoBattery technology this week at the NanoBusiness 2009 Conference at McCormick Place in Chicago, IL.

mPhase will have on display several elements of their Smart NanoBattery that are being developed in conjunction with the U.S. Army STTR program. The company earned a $750,000 grant through this program in September 2008. mPhase will also have on display prototype versions of its lithium reserve battery that will function in the AlwaysReady Emergency Flashlight which is expected to be available for purchase in early 2010. This will be the first product that will make use of mPhase's unique battery technology.

The NanoBusiness Conference exhibit area will be open from Tuesday, September 8 through Thursday, September 10. mPhase is a Silver Sponsor of the event and CEO Ron Durando is scheduled to deliver a presentation on Thursday about the evolution of its Smart NanoBattery 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.

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.