NEW YORK--(BUSINESS WIRE)--May 18, 2004--mPhase Technologies in a press briefing at NanoBusiness 2004 said that their power cell product under development will significantly enhance extensive military, security and emergency services applications and subsequently consumer applications. The company said they expect to reduce the weight of batteries and increase shelf life greatly over conventional power cells.

"This technology will be invaluable in homeland and other security applications in which continuous readiness and long shelf-life are critical," said Ron Durando, CEO, mPhase Technologies. "The weight and transient shelf-life of conventional batteries limits their usefulness in many applications. Our planned product will make order of magnitude improvements in portability and durability. Further, we are planning to make it very friendly to the environment."

mPhase is developing the product under a license from Lucent Technologies as a member of the New Jersey Nanotechnology Consortium. The company explained the product technology at both an exhibit and a panel presentation. Steve Simon, Executive Vice President, Research and Development, was featured in the energy panel at NanoBusiness 2004, http://www.nanobusiness2004.com.

"We are showcasing this technology at forums like NanoBusiness 2004 in order to gather additional and detailed requirements for specific applications," Durando explained. "We plan to select a few major applications and focus development on those."

One application the company has identified is powering sensors and communications for military applications. "The average infantryman carries more than 20 pounds of batteries into action," Durando explained. "We believe we can significantly reduce that burden.

The planned power cells will use the super-hydrophobic effect of liquids to permit precise control and activation of the batteries on demand. The release of the liquid, an electrolyte, causes electrical action across the nano-sized electrodes, called a Nanograss structure, which creates the power of the battery.

To promote better understanding of the potential of nanotechnology on power cell applications, mPhase Technologies and the New Jersey Nanotechnology Consortium are sponsoring a seminar: "Nanotechnology -Tactical to Practical," at Bell Labs in Murray Hill on Wednesday, June 16.

Contact nano-info@mphasetech.com for more info and invitations.

About mPhase Technologies, Inc.

mPhase Technologies Inc. develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. In nanotechnology, mPhase is co-developing and commercializing a 'Super Battery' providing a technology disruption in form factor, shelf life and activation characteristics. In telecommunications, the Company's mPhaseTV+ 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.

More information is available at the mPhase Web site at www.mPhaseTech.com. Investors may obtain additional information and subscribe to investor services by referring to the Investor Information section at the mPhase Web site or by calling Sky Investor Relations, Inc., 212-440-5000, www.skyir.com.

About The New Jersey Nanotechnology Consortium

The New Jersey Nanotechnology Consortium (NJNC) provides rapid and cost-effective access to world-class nanotechnology research and development services. Based at and run by Lucent Technologies' Bell Labs, the NJNC conducts basic and applied nanotechnology research and provides fabrication and packaging capabilities, fulfilling its mission of bringing nanotech ideas from concept to commercialization. The NJNC is also supported by the State of New Jersey, who enables consortium participation for local research universities including Rutgers University, New Jersey Institute of Technology and The University of Medicine and Dentistry of New Jersey.