NORWALK, Conn.--(BUSINESS WIRE)--Oct. 6, 2004--
R&D Team Proves Feasibility after Six Months of Collaboration

An executive with mPhase Technologies (OTCBB:XDSL) today reported that the team of scientists working on a project to commercialize a nanobattery based on a Bell Laboratories discovery is very encouraged by the progress achieved in only six months of collaboration with the research and development arm of Lucent Technologies.

"We have to remind ourselves that our agreement with Lucent was only signed at the end of February," noted Steve Simon, mPhase's EVP for R&D. "The team is very pleased by the development of the first working prototype. This capped a series of processes, including plating metals in microscopic dimensions and selecting chemistries to prove that it is possible to fabricate a nanotexture-based battery that does not degrade until it's needed to generate electric current."

Simon made his remarks as part of a panel, "Enabling Existing Energy Solutions," at the NanoCommerce 2004 Conference being held at the Hyatt Regency McCormick Place in Chicago, Oct. 5-7.

The prototype battery, developed at Lucent's New Jersey Nanotechnology Consortium (NJNC), one of the world's most advanced design, development and fabrication facilities for nanotechnology, is based on a Bell Labs discovery that liquid droplets of electrolyte will stay in a dormant state atop microscopic structures called "nanograss" until stimulated to flow, thereby triggering a reaction producing electricity. The experiment proved that this super-hydrophobic effect of liquids can permit precise control and activation of the batteries on demand.

Future batteries based on this technology have the potential to deliver far longer shelf life and better storage capacity than existing battery technology. Potential initial applications for this technology may include defense, industrial, healthcare and consumer electronics. mPhase is also targeting the nanobattery for use in a technically-improved, lighter weight battery design.

About mPhase

mPhase Technologies Inc. (OTC: XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. In telecommunications, the Company's mPhase TV+ platform cost-effectively and reliably delivers entertainment digital television, high-speed Internet access and traditional telephone service over existing copper telephone lines. mPhase also offers a growing line of innovative DSL component products, such as the iPOTS, designed to help service providers lower the provisioning and operating costs associated with DSL. The company is bringing nanotechnology out of the laboratory and into the market with a planned innovative, long-life power cell.

More information is available at the mPhase Web site at www.mPhaseTech.com.

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