mPhase Receives Notice of Allowance for Smart Drug Delivery System Patent

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mPhase Technologies announced that it has received a notice of allowance from the United States Patent Office for a patent application directed to a novel Drug Delivery System that is based on mPhase Technologies’ Smart Surface Technology.

mPhase Smart Surface

mPhase Technologies, Inc. (XDSL) (http://mphasetech.com/), announced that it has received a notice of allowance from the United States Patent Office for a patent application directed to a novel Drug Delivery System that is based on mPhase Technologies’ Smart Surface Technology. Frost and Sullivan, with the 2013 North American Advanced Battery Technology Innovation Award, recognized the advanced battery technology for Best Practices.

The drug delivery patent application is based on mPhase's Smart Surface technology enabling the automatic dispensing of a pre-set dosage of a drug agent or medication. mPhase believes the issuance of the patent could lead to licensing opportunities for a novel drug delivery system, possibly creating greater shareholder value.

The field of invention relates to a drug delivery system that generally includes a housing having one or more reservoirs; each having a medical agent hermetically sealed therein. A membrane extends across each of the one or more reservoirs which is adapted to allow the medical agents to pass there through in response to external stimuli, such as physical puncturing, melting the membranes through use of heating elements or electrowetting in response to a voltage pulse. A wicking material extends across the membranes through which the medical agents are dispensed to a patient. Because the housing can be made flat, the overall dispensing device can be reduced in size, allowing the drug delivery device to be located and attached to broader areas of the patient’s body for expanded medical applications and treatment.

Under past Cooperative Research and Development Agreements with the United States Army, mPhase developed a smart surface and demonstrated that it is possible to keep the essential components of a battery, the solid electrode and liquid electrolyte, separated until power is needed. This battery system, the Smart NanoBattery, can be activated electronically, mechanically or via gravitational pull is still under development.

About mPhase Technologies, Inc. mPhase Technologies Inc. (XDSL), is a publicly traded company pioneering 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, still in development. More information about the company can be found at http://www.mPhaseTech.com.

About mPower Technologies
mPower Technologies Inc. is the wholly owned consumer products subsidiary of mPhase Technologies, Inc. More information about the company can be found at http:// 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.

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Danielle LaSalle
mPhase Technologies
+1 973-256-3737 Ext: 0
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