MTI Micro Makes a Significant Leap in Micro DMFC Technology

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), announced a significant power achievement for its Mobion® technology. The Mobion® fuel cell engine has reached another milestone by demonstrating a power density of 84mW/cm2 while maintaining its fuel efficiency of 1800Wh/kg or 1.4Wh/cc.

This achievement shows a 30% power density improvement over the initial 62mW/cm2 announced last year. Placing Mobion in what is believed to be the highest power density ranking within the micro fuel cell industry; this improvement furthers MTI Micro’s leadership position in the development of direct methanol fuel cell (DMFC) solutions for the portable electronic device industry.

“Having a greater amount of energy in smaller amount of space is always a major concern of customers with power-hungry devices,” said Peng Lim, President and CEO of MTI Micro. “This significant improvement addresses manufacturers’ needs for a compact, power-dense energy supply, while incorporating a simplified design. The new design is engineered to greatly reduce assembly time and cost to pave the way for high-volume manufacturing.”

MTI Micro’s Mobion micro fuel cell provides full power in any orientation, at any humidity level and within the operational temperature range of consumer electronic devices. This power density improvement marks another milestone in MTI Micro’s developments.

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.

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.