FALLS, N.J.--(BUSINESS WIRE)--Dec. 29, 2005--mPhase
Technologies (OTCBB: XDSL) CEO Ron Durando, today
said the company is poised to deliver a substantial
breakthrough in battery technology utilizing superhydrophopic nano-patterned
As validation of his comment Durando cited a seminal
paper describing the achievement by scientists in
the globally respected, peer reviewed Bell Labs Technical
Journal, with a current issue dedicated to nanotechnology.
The article details the achievement by scientists
in demonstrating a working reserve battery prototype
that relies on a nano-based architecture. Reprints
of the paper are available through mPhase website, www.mphasetech.com .
"We are navigating uncharted scientific waters in
our approach to developing a radical improvement
in battery technology," stated Durando. "The publication
of the paper in the Bell Labs Technical Journal is
a strong indicator of the development progress, and
I eagerly await the team's next technical milestone
The company's work on the nanobattery was recognized
by multiple awards this year. mPhase was named to
the inaugural "Nano 50" list of the most innovative
companies and individuals in nanotechnology, selected
by a panel of experts assembled by Nanotech Briefs,
a licensed publication of NASA. An earlier recognition
of the company's work in this area took place in
April when the company won the Frost & Sullivan
2005 Excellence in Technology Award.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTCBB: XDSL) develops
and commercializes next-generation telecommunications
and nanotechnology solutions, delivering novel systems
to the marketplace that advance functionality and
reduce costs. The company, awarded the 2005 Frost & Sullivan
Excellence in Technology Award and named to the NASA
Nanotech Briefs "Nano 50", is bringing nanotechnology
out of the laboratory and into the market with a
planned innovative long life power cell. Additionally,
the company is working on prototype ultra-sensitive
magnetometers that promise up to a 1,000-fold increase
in sensitivity as compared with available uncooled
sensors. More information is available at the mPhase
Web site at www.mPhaseTech.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 both companies
in light of current conditions, expected future developments
and other factors it believes to be appropriate.
Actual results may differ as a result of factors
over which the companies have no control.
Sam Gronner, 201-592-7896
Ken Sgro, 212-732-4300