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Mechanical Technology, Inc Reports Record 2020 Revenue and Full Year Results
MTI reports highest revenue in 9 years and 500% annual increase in net income. The year ending 2020 was a historic year for the company.
July 24, 2024
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Soluna Holdings, Inc.MTI reports highest revenue in 9 years and 500% annual increase in net income. The year ending 2020 was a historic year for the company.
“Uplisting to The Nasdaq Capital Market is an important milestone in MTI’s lifecycle as we continue to execute on our initiatives to build long term shareholder value,” said Michael Toporek, CEO of MTI.
EcoChain hires two new Directors to join the EcoChain team, William Hazelip and Aly Madhavji, and continues to build a bullet proof asset base that could generate cash through a cycle.
“Our Washington mine is operating at approximately 2.6MW. The assets were acquired in May 2020 and the capacity of the mine was increased in the fall of 2020, as a result of improvements mining operations and infrastructure. These improvements are expected to enable the return of 100% of the capital we deployed to the site by the end of the second quarter of 2021, or in under twelve months.”
Madhavji is a Leader in Blockchain and Emerging Technologies +++ ALBANY, N.Y., February 25, 2021 /PRNewswire/ – Mechanical Technology, Incorporated… Read more »
MTI Instruments’ PBS-4100+ Series Training Now Eligible for Credit Under William (Bill) O’Brien Aviation Maintenance Technician (AMT) Awards Program
Senior Level and Accomplished Leader in the Energy Industry +++ ALBANY, N.Y., February 23, 2021 /PRNewswire/ —Mechanical Technology, Incorporated (“MTI”… Read more »
Today’s announcement of an agreement to acquire land is an important step in the Company’s plan to build an ultra low-cost green.
ALBANY, N.Y., January 6, 2021 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), a publicly traded company (OTC Pink: MKTY)… Read more »
ALBANY, N.Y., December 23, 2020 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), a publicly traded company (OTC Pink: MKTY)… Read more »
MTI Financial Disclosure (Q3-2020) FINAL
Product revenue at our MTI Instruments subsidiary has now climbed 47% higher than prior year to date. This brings the year to date revenue to $7.5M, exceeding 2019 total year revenue of $6.6M. The majority of the increase is attributed to shipments under the historic delivery order from the United States Air Force for 52 new PBS-4100+ engine vibration balancing systems, which was received in April 2020. The rise in military sales has offset a slight decline in the other instrumentation sales.