Mechanical Technology, Incorporated

Mechanical Technology, Incorporated Releases a Letter to Stockholders, as EcoChain Prepares for Growth of its Cryptocurrency Business Unit

ALBANY, N.Y., December 23, 2020 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, today released a letter from CEO Michael Toporek, detailing the growth plans for the EcoChain business unit. Dear Fellow Stockholders: This has been a dynamic and unprecedented year for our …

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Third Quarter 2020 Highlights

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.

Mechanical Technology, Incorporated Announces Appointment of CEO

ALBANY, N.Y., November 5, 2020 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, today announced that its Board of Directors has named Michael Toporek, an accomplished business builder and investor, as Chief Executive Officer of the Company, effective November 2, 2020. Mr. Toporek …

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Mechanical Technology Incorporated Announces Filing of Form 10 Registration Statement & Leadership Announcements

Mechanical Technology Incorporated Announces Filing of Form 10 Registration Statement & Leadership Announcements ALBANY, N.Y., September 30, 2020 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, announces today that it has filed a Form 10 Registration Statement with the Securities and Exchange …

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Mechanical Technology, Incorporated President/CEO Resigns

Mechanical Technology, Incorporated President/CEO Resigns ALBANY, N.Y., August 24, 2020 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, announces that Mr. Rick Jones has notified the MTI Board that he will be resigning from his position as President and Chief Executive Officer …

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Second Quarter 2020 Highlights

Mechanical Technology Incorporated   2020 Highlights (Second Quarter update)     Product revenue for the year at our MTI Instruments subsidiary has now climbed 15% higher than last year. This increase is attributed to initial shipments under the historic delivery order from the US Air Force for 52 new PBS-4100+ engine vibration balancing systems, which …

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Mechanical Technology Incorporated Announces Appointment of CFO

Mechanical Technology Incorporated Announces Appointment of CFO   ALBANY, N.Y., July 1, 2020 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, announced the appointment of Jessica Thomas as Chief Financial Officer of the Company, effective July 1, 2020. Rick Jones, who had …

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Mechanical Technology Incorporated Announces Results from Annual Meeting of Shareholders

Mechanical Technology Incorporated Announces Results from Annual Meeting of Shareholders ALBANY, N.Y., June 12, 2020 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, held its Annual Meeting of Shareholders on June 10, 2020 (the “Annual Meeting”). At the Annual Meeting, the Company’s …

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