Mechanical Technology, Incorporated (“MTI”) (NASDAQ:MKTY) will release its results of operations for the quarter ended March 31, 2008 on a live conference call and webcast at 10:30 a.m. (ET) on Monday, May 12, 2008. The dial-in phone numbers for the call are (866) 277-1184 (United States only) and (617) 597-5360 – in each case, when prompted, enter pass code 23267958. There will be a simultaneous live webcast on MTI’s web site at www.mechtech.com. A replay of the conference call will be available within 24 hours on both the web site and via phone by dialing (888) 286-8010 (United States only) or (617) 801-6888 and, when prompted, entering pass code 86043495.On Thursday, May 15, 2008, MTI will hold its annual meeting of stockholders at its corporate headquarters in Albany, New York. At the meeting, stockholders will be asked to consider and vote upon, among other things, the approval of an amendment to MTI’s restated certificate of incorporation to effect a reverse split of MTI’s issued common stock in the ratio of one share of new common stock for eight old shares of common stock.Beginning at 8:45 a.m. on the date of the meeting, the Company will offer tours of its MTI Micro facility, including its developmental pilot production line and laboratories, at the Company’s corporate headquarters. Additionally, the Company will have an interactive exhibit of current micro fuel cell prototypes, including external power chargers, attached power sources, and an embedded power source concept.Audio playback of the meeting (including the accompanying slide presentation) will be available by 5 p.m. on May 15, 2008 on MTI’s web site at www.mechtech.com.About MTI
Mechanical Technology, Incorporated (“MTI”) (NASDAQ:MKTY) is primarily engaged in the development and commercialization of Mobion(R) off-the-grid portable power solutions through its subsidiary MTI MicroFuel Cells Inc. (“MTI Micro”). MTI Micro has a team of entrepreneurial business executives, researchers and scientists; a proprietary direct methanol micro fuel cell power system and a number of system prototypes demonstrating size reductions and performance improvements; and related intellectual property. MTI Micro has received government funding and developed strategic partnerships to facilitate efforts to achieve commercialization. MTI is also engaged in the design, manufacture, and sale of test and measurement instruments and systems through its subsidiary MTI Instruments, Inc. For more information about the MTI, please visit www.mechtech.com.
Source: Mechanical Technology, Incorporated
Released May 5, 2008