mPhase Technologies Receives Frost & Sullivan 2013 Innovation Award

NORWALK, Connecticut, July 2, 2013 /PRNewswire/ --

mPhase Technologies, Inc. (OTCQB: XDSL) released today the Frost & Sullivan report stating that it earned the 2013 North American Advanced Battery Technology Innovation Award on June 17, 2013.

Frost & Sullivan recognized mPhase Technologies, Inc. with the Innovation Award for its pioneering nanobattery technology.

Key benchmarking criteria was used for determining the Technology Innovation Award. mPhase's performance against key competitors was ranked based on the following:

• Uniqueness of Technology
• Impact on New Products/Applications
• Impact on Functionality
• Impact on Customer Value
• Relevance of Innovation to Industry

Based on the analysis in the report, Frost & Sullivan's Research Analyst Neha Arun Bakshi concludes:

"mPhase Technologies' nanobattery, based on innovative nanotechnology, overcomes the relevant industrial challenges of conventional batteries and provides an efficient and cost-effective energy storage solution. mPhase Technologies' nanobattery also possesses longer shelf life. This solution's power on-command feature nicely provides energy any time the user needs it through a simple command for activation. Frost & Sullivan is therefore proud to present the 2013 Advanced Battery Technology Innovation Award to mPhase Technologies."

A full copy of the Frost & Sullivan report can be found below:

Click Here  (http://mphasetech.com/Press_Release.html)

About mPhase Technologies, Inc. (OTCQB: XDSL)

mPhase Technologies is a leading nanotechnology innovator in Smart Surfaces. Potential applications include energy storage systems, drug delivery 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, in collaboration with Porsche Design Studio, has developed a world-class automotive jump-starter. See 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.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

• The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
• The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact:
mPhase Technologies, Inc.
Danielle LaSalle
+1-973-256-3737
http://www.mphasetech.com

SOURCE mPhase Technologies, Inc.