MPHASE TECH INC
			Symbol			XDSL

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mPhase Technologies Phase II STTR Grant Program Renewed by U.S. Army Through 2010

2009-10-07 10:34 ET - News Release

LITTLE FALLS, NJ -- (MARKET WIRE) -- 10/07/09

mPhase Technologies, Inc. (OTCBB: XDSL) announced today that their Phase II STTR Grant was renewed by the U.S. Army. The two year grant was initially awarded in September 2008 for the amount of $750,000. mPhase will continue to develop the Smart NanoBattery under this grant program through September 2010. The development goal is a small footprint, reserve style multi-cell, 3 V lithium chemistry micro-arrayed battery with a minimum of a 20-year shelf life and uninterruptible power output during this period.

The renewal of the Phase II grant represents the significant accomplishments that have been made over the last 12 months in building a functional lithium Smart NanoBattery prototype for a computer memory application. Upon a successful completion of the Phase II program, mPhase plans to enter production and commercialize their unique battery technology.

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