New Jersey Technology Council Selects mPhase as a "Company to Watch"

mPhase Technologies, Inc. (OTC BB: XDSL.OB - News) today announced that it was selected by the New Jersey Technology Council (NJTC) as a "Company to Watch" and will be honored tonight at the 2008 NJTC Awards Gala at the Palace at Somerset Park, Somerset, NJ. mPhase/AlwaysReady was selected along with four other New Jersey companies in this new award category. The NJTC Awards Gala honors, celebrates and publicizes New Jersey's top technology companies.

“The Companies to Watch is an exciting collection of companies we feel will surely continue to make their mark not only in New Jersey but throughout the entire world. As their innovative technologies begin to get the industry recognition they deserve, the NJTC, and likely the finance community, will be watching these companies very closely” quoted NJTC.

As part of the recognition, mPhase/AlwaysReady is featured in NJTC’s monthly publication - New Jersey TechNews (Vol. 12 Issue 8).

mPhase/AlwaysReady is currently developing products based on its Smart Nanobattery, with its proprietary superhydrophobic and electrowettable membrane being used in the multi-cell micro-array reserve battery designed for a US Army computer memory backup application, as well as a manually activated reserve battery with a breakable separator for an emergency light offering potentially infinite shelf-life.

Said mPhase CEO Ron Durando, “This past year we made significant progress in our development of the Smart NanoBattery. We are proud that mPhase has been selected as a Company to Watch by NJTC and important to receive peer recognition. In 2009 we look forward in bringing to fruition military and commercial applications of our breakthrough battery technology.”

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