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MTI TO PRESENT AT RODMAN AND RENSHAW GLOBAL INVESTMENT CONFERENCE
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Jim Frawley
MTI Micro
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Scott Estro/Rick Loughery
Dig Communications
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Albany, N.Y., September 2, 2009 — MTI MicroFuel Cells Inc. (MTI Micro), developer of the Mobion^® off-the-grid mobile power source and a subsidiary of Mechanical Technology, Incorporated (MTI) (OTC: MKTY), is scheduled to present at the 2009 Rodman & Renshaw Annual Global Investment Conference to be held on September 9-11, 2009.

Chairman of the Board and CEO of MTI, Peng Lim will present at the New York Palace Hotel in New York City on Wednesday, September 09, 2009 at 11:40 a.m. The presentation will also be available via webcast from the Rodman & Renshaw conference webcast site: http://wsw.com/webcast/rrshq15/mkty.pk/

About Mechanical Technology
Mechanical Technology (OTC: MKTY) is primarily engaged in the development and commercialization of Mobion® off-the-grid portable "green" power solutions, through its subsidiary MTI MicroFuel Cells Inc. (MTI Micro). MTI Micro has developed a flexible fuel cell architecture that is suited for various consumer, industrial, and military applications and is protected by a significant intellectual property portfolio related to micro fuel cell technology. 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 high-performance test and measurement instruments and systems through its subsidiary MTI Instruments, Inc. For more information, please visit www.mechtech.com.

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Statements in this press release which are not historical fact including statements regarding management´s intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, future prospects and applications for fuel cell systems; MTI Micro´s future business prospects, technology and performance; the market potential for and progress MTI Micro is making in developing its Mobion® fuel cell systems and preparing for manufacturing, and; the future prospects, markets, product launch, market acceptance, and commercialization plans of MTI Micro products. All forward-looking statements are made as of today, and MTI and MTI Micro disclaim any duty to update such statements. It is important to note that MTI Micro´s and MTI´s actual results could differ materially from those projected in forward-looking statements. Factors that could cause the anticipated results not to occur include, among others, risks related to financing; uncertainties in development, manufacturing and competition; and the risk factors listed from time to time in MTI´s SEC reports including but not limited to, the annual report on Form 10-K and Quarterly Reports on Form 10-Q.