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mPhase's Smart NanoBattery to Be Spotlighted at Third Annual Nano Renewable Energy Summit in Denver on May 24-25

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^{Published in Science and Technology on Monday, May 24th 2010 at 7:00 GMT by Market Wire}  

DENVER, CO--(Marketwire - May 24, 2010) - mPhase Technologies, Inc. (OTCBB: [ XDSL ]), the developer of Power On Command™ battery technologies, said today that it will be speaking about its new approach to modernizing energy storage at the Third Annual Nano Renewable Energy Summit ([ http://www.nanoenergysummit.org/ ]) being held May 24 and 25 at the University of Denver in Colorado.

mPhase Technologies' Smart NanoBattery is a modern-day approach to bringing battery technology up to date. It is enabled by breakthroughs in microfluidics, MEMS processing and nanotechnology. By making a silicone-separating structure that can precisely control the mixture of a liquid electrolyte into the battery's electrodes compartment, mPhase has enabled the first-ever smart programmable battery technology.

Ronald A. Durando, CEO of mPhase Technologies, said, "We continue to push battery technology into the 21^st century through the creation of a man-made smart surface, which allows complete control of the way power is managed, while creating a battery that is more friendly to the environment."

The Nano Renewable Energy Summit is a gathering of world-renowned experts at the intersection of renewable energy and nanotechnology, with a specific focus on the business, commercialization and economic development potential of emerging technologies in the renewable energy and sustainability sectors. The event will address a variety of subjects related to nanotechnology and renewable energy.

"Nanotechnology holds tremendous promise in solving many of our most critical energy problems," said Vincent Caprio, Executive Director of the NanoBusiness Alliance. "We're confident that this week's Nano Renewable Energy Summit will take us one step closer toward realizing that potential."

About mPhase Technologies, Inc.
mPhase Technologies, Inc. is focused on developing and commercializing a new battery technology featuring Power On Command™ which provides a unique way to store energy and manage power that will revolutionize the battery industry. mPhase, through its 100% owned consumer products division mPower Technologies, is marketing its first Power On Command product, The mPower Emergency Illuminator. For more information, please visit [ http://www.mPhaseTech.com ] and [ http://www.mPowerTech.com ].

Forward-Looking Statements
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.

About The NanoBusiness Alliance
The NanoBusiness Alliance is the industry association for the emerging nanotechnology industry. Through its extensive network of leading startups, Fortune 500 companies, research institutions, non-governmental organizations and public-private partnerships, the Alliance shapes nanotechnology policy and helps accelerate the commercialization of nanotechnology innovations. The NanoBusiness Alliance has offices in New York, Chicago, Connecticut and Washington, DC. For information, visit [ http://www.nanobusiness.org ].