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mPhase Technologies, Inc. (XDSL) Completes Visit by Invitation of French Technology Group



3/29/2012 9:23:57 AM

LITTLE FALLS, NJ--(Marketwire - March 29, 2012) - mPhase Technologies, Inc. (OTCBB: XDSL) reported today that it had completed its visit, by invitation, from certain agencies of the French government, of the Grenoble Technology Cluster known as Minalogic (http://www.minalogic.org). The cluster consists of government, corporate and educational members that are engaged in high technology research in the leading scientific disciplines such as micro and nano technologies and embedded systems on chips.

A Global competitive cluster Minalogic fosters research-led innovation in intelligent miniaturized products and solutions for industry. Located in Grenoble, France, the cluster channels in a single physical locationa range of highly-specialized skills and resources from knowledge creation to the development and production of intelligent miniaturized services for industry.

Minalogic has staked out a position as global leader in intelligent miniaturized solutions -- a unique hybrid of micro- and nano-technologies and embedded software -- from fundamental research to technology transfer.

The technologies developed at the cluster are applicable to all business sectors, including more traditional industries. The role of Minalogic is to respond to the business community's need to identify new value-added services that can be integrated into existing products in fields that include health care, the environment, mobility, the media, and the textile industry.

Minalogic brings together major corporations, small and mid-sized businesses, government agencies, and organizations from the public and private sectors. The cluster's focus on innovation and its participatory governance model are designed with one objective in mind: to ensure efficient, results-oriented cooperation among cluster partners.

The invitation was extended, after the relevant agencies reviewed mPhase's patent portfolio and the recent valuation and product applications that could result from potential licenses of various patents contained in the portfolio.

mPhase is exploring funding of additional research, development and product commercialization in the areas of reserve batteries using principals of electrowetting and microfluidics.

The first day of the visit acquainted mPhase with the considerable laboratory resources that could be made available in France to continue development and commercialization of its intellectual property for energy storage applications as well as broaden its smart surfaces applications.

The second day of the visit introduced mPhase to:

(1) ST Micro Electronics (http://www.st.com) - A world leader in providing the semiconductor solutions that help customers improve quality of life for everyone, both today and in the future.

(2) Schneider Electric (http://www.schneider-electric.com) - A global, innovative and responsible energy management company.

(3) Polyrise (http://www.polyrise.com) - Located in France, Polyrise is a private company specialized in the development, industrialization and selling of Sol Gel varnishes.

All are members of the Cluster to explore potential mutual benefits in establishing partnerships with mPhase for product development.

The focus and interest is based upon the ability of mPhase's Smart Surface technology to electronically control the precise flow of a fluid on a nano-structured surface.

mPhase will be following up with conference calls and another visit to Grenoble in order to identify additional members of the cluster for which mPhase's intellectual property could be compelling as a component in a company's final end product.

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 Porsche Design Studio and sold via the mPower website: http://www.mpowertech.com. More information about the company can be found at http://www.mPhaseTech.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.


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