LITTLE FALLS, NJ - January 24, 2011 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB:XDSL) said that it has been negotiating a worldwide sales channel agreement for its award winning mPower Emergency Illuminator™ design.

If concluded, the agreement would make the mPower Emergency Illuminator design available globally by a respected, established brand.

mPhase recently completed the engineering and safety testing of a new Active Reserve Battery. The new battery is part of a cost reduction effort that maintains the emergency features of the product, which has a battery shelf life, before use, of up to 20 years at room temperature.

This new Active Reserve Battery will be available in the production version of the mPower Emergency Illuminator™.

The mPower Emergency Illuminator is a precision instrument with a powerful 180 Lumens LED and two separate battery tubes. One tube is for everyday use and holds two CR123 batteries, while the other tube holds mPhase's Power On Command™ active reserve battery. If the regular CR123 batteries run down, the active reserve battery takes over -- even after laying idle for 20 years. The Emergency Illuminator also features a USB port that can be used for charging portable devices such as a cell phone.

About mPhase Technologies, Inc.

mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab on a chip analytic systems, self cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery.

In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award winning product designed by PorscheDesign Studio and sold via the mPower website: http://www.mpowertech.com.

Forward Looking Statements

As a cautionary note to investors, certain matters discussed in this press release may be forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company s products in the market; the Company s success in technology and product development; the Company s ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company s SEC filings, including the financial statements and related information contained in the Company s SEC Filing. mPhase assumes no obligation to update the information in this release.

Contact:

mPhase Technologies, Inc. 973 256 3737

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