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XDSL--.16--mPhase Technologies Signs Cooperative R&D Agreement with U.S. Army
2/6/2007

Research Will Evaluate Military Uses of the Nanobattery and
Magnetometer

LITTLE FALLS, N.J., Feb 06, 2007 (BUSINESS WIRE) --
mPhase Technologies (OTC: XDSL) today announced that it has signed a CRADA (Cooperative Research and Development Agreement) from the U.S. Army Armament Research, Development, and Engineering Center (ARDEC) at Picatinny New Jersey.

The purpose of the agreement is to cooperatively test and evaluate the mPhase Smart Nano battery and ultra-sensitive magnetometer. The army researchers will further evaluate the prototypes using the Army's testing facilities at Picatinny Arsenal in New Jersey in order to potentially incorporate the technologies into programs sponsored by Picatinny.

Carlos Pereira, the ARDEC Advanced Precision Concepts Branch Chief and Principal Investigator said, "We are pleased to work with mPhase to explore new ways to bring advantages to the U.S Army that Nanotechnology and MEMS devices offer." Preston Haney, the ARDEC co-Principal Investigator, added "The testing of the mPhase prototype nanobattery and magnetometer will help determine their applicability for the military in new fields like sensor networks and smart munitions."

"This agreement is a significant validation of our technology," said Ron Durando, president and CEO of mPhase Technologies. "We are looking forward to working with the US Army scientists to drive our technology into leading edge military applications."

Some of the possible uses for the mPhase magnetometer are perimeter security applications, and navigation and "GPS denied" navigation applications. The potential military uses of the Smart Nanobattery include powering small electronics like sensors and potential power source for smart munitions.

Last spring, mPhase reported on initial tests at Picatinny. The company said that the structure of its prototype battery and magnetometer demonstrated extreme resiliency to shock and acceleration, surviving a test that subjected them to high acceleration at a g-Force of 12,000. (One g is equal to the pull of gravity at sea level.)

The test, which involved a shot out of an air-gun, indicated that the underlying nanostructure of the prototype power cell could withstand extreme shock if used in military applications. The prototype magnetometer similarly withstood the stress test. Those tests pave the way for developing small guided munitions.

About Picatinny Arsenal

Headquartered at Picatinny, N.J., the Armament Research, Development and Engineering Center (ARDEC) is the Army's principal researcher, developer and sustainer of current and future armament and munitions systems. ARDEC plays a key part in Army Transformation with its involvement in the development of the Soldier and Future Combat Systems and continued efforts in the development of advanced weapons that exploit technologies like high-power microwaves, high-energy lasers and nano-technology.

ARDEC's overall mission is to improve already fielded items, develop new ones, maintain a strong armament technology base in government, industry and academia and provide technical support to the soldier in the field. ARDEC is the Army's "Center of Lethality" and as such is leading the way in the development of tomorrow's armament and munitions systems, working closely with its Army, Navy, Air Force and Marine partners.

About mPhase Technologies, Inc.

mPhase Technologies Inc. (OTC: XDSL) develops and commercializes next-generation media-rich entertainment software and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company was awarded the Frost & Sullivan 2006 Energy Storage Award for the Nanobattery in September and earlier received the 2005 Frost & Sullivan Excellence in Technology Award, and the Nano 50 Award from NASA Nanotech Briefs, 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 orders of magnitude increases in sensitivity as compared with available un-cooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com