FAQ
- Who is Mechanical Technology Inc. or MTI?
- What is MTI's stock symbol?
- Where is MTI located?
- How do I contact MTI?
- How many employees does MTI have?
- What is MTI's cash flow?
- What is the relationship that MTI has with Plug Power?
- Do you qualify for government grants as a small business?
- What is MTI's ownership in MTI Micro?
- How long has MTI been working on direct methanol fuel cells (DMFC) and when did MTI establish its subsidiary MTI Micro?
Who is Mechanical Technology Inc. or MTI?
MTI is primarily engaged in the development and commercialization of Mobion® 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.
What is MTI's stock symbol?
NASDAQ:MKTY
Where is MTI located?
MTI corporate headquarters:
431 New Karner Road
Albany, NY 12205
PH: (518) 533-2200
OR TOLL FREE: (800) 828-8210
FAX: (518) 533-2201
How do I contact MTI?
To contact MTI, please click here
How many employees does MTI have?
As of December 31, 2007, MTI and its subsidiaries had 107 employees.
What is MTI's cash flow?
Historical consolidated cash flows have been as follows:
| Twelve months ended | ||
|---|---|---|
| Dec. 31, 2007 | Dec 31, 2006 | |
| operating activities | ($11,683) | ($12,706) |
| investing activities | 4,728 | 4,677 |
| financing activities | 60 | 11,344 |
| total consolidated cash flows |
$(6,895) | $3,315 |
What is the relationship that MTI has with Plug Power?
MTI owns common stock in Plug Power.
Do you qualify for government grants as a small business?
Yes
What is MTI's ownership in MTI Micro?
MTI is the majority shareholder owning approximately 96% of MTI Micro as of December 31, 2007
How long has MTI been working on direct methanol fuel cells (DMFC) and when did MTI establish its subsidiary MTI Micro?
MTI first began fuel cell research and development in 1990. That work led to a 1997 joint venture with DTE Energy to form Plug Power Inc. (NASDAQ:PLUG), now an independent company focused on stationary fuel cell development and manufacturing. In 2000, MTI began to focus on direct methanol fuel cells (DMFCs). In March 2001, MTI MicroFuel Cells was incorporated.
