MTI MANAGEMENT
Peng Lim, Chairman of the Board and Chief Executive Officer of Mechanical Technology, Inc. (MTI), its subsidiary MTI Instruments and MTI Micro joined in 2006. Prior to MTI, Peng served as the President and CEO of Tapwave, Inc. where he was behind the development of the Zodiac, a portable electronic multimedia device that won multiple awards including, "Best Gear" by Time Magazine in 2003. Before Tapwave, Peng served as Vice President, Worldwide Product Development for Palm, Inc. where he was responsible for directing the entire life cycle of product development and engineering for Palm handheld products, operating system and application software. While at Palm, he helped capture 75% worldwide handheld operating system and 65% PDA market shares and quadrupled annual revenues to greater than $1.5 billion.
Peng was also part of the executive team that led Palm to a successful IPO in 2000. Before Palm, Peng served as VP of Engineering at Fujitsu Personal Systems where he introduced industry-leading pen-based and wireless computers that captured a 56% market share. Prior to his tenure at Fujitsu, Peng served as Engineering Platform Director at Texas Instruments and as Director of Advanced Portable Engineering at Zenith Data Systems. In both positions he introduced important innovations in state-of-the-art portable computers.
Peng served as a member of the Board of Directors for Novatel Wireless, a leading 3G wireless solutions company from 2001 to 2007 and Board of Advisors for Inventec Appliances, a multibillion dollars ODM company since 2006. He holds a B.S. and a M.S. in Electrical Engineering from University of Windsor (Ontario, Canada) and a Master of Engineering Management from Northwestern University. Peng is also an alumnus of the Stanford Graduate School of Business at Stanford University.
Rick Jones, Vice-President and Chief Financial Officer
Mr. Rick Jones joined MTI in 1993 and held several positions throughout the organization; including Corporate Staff Accountant, Controller, Director of Finance and Administration, Senior Director of Finance & Operations and Vice-President of Finance & Operations.In his current position, Mr. Jones oversees the financial reporting, internal control compliance and administrative support functions, as well as the treasury, human resources and risk management for the corporation and the production, quality and shipping departments of MTI Instruments.
Prior to his employment with MTI, Mr. Jones served as Controller for both Hobbs Management Corporation and Galesi Management Corporation. Mr. Jones received a Bachelors degree in Business Administration and Accounting from Siena College.
