MTI MicroFuel Cells to Present at Two Upcoming Conferences

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), today announced that President and CEO of MTI Micro, Peng K. Lim, will present on the company’s micro fuel cell technology and commercialization plan as well as demonstrate the company’s functional Mobion® prototypes at two upcoming business conferences in Asia.

Lim will deliver the presentation “Mobile power for the green generation” at 3 p.m. JST on Thursday, October 28, 2009 at the Green Device 2009 Forum in Yokohama, Japan. The exhibition focuses on renewable energy for mobile devices, and Lim’s presentation will review various alternative mobile power technologies with a specific focus on micro fuel cells.

At 2 p.m. KST on Wednesday, November 3, 2009, Lim will deliver a presentation “Micro fuel cells – the greener way to power your mobile electronic devices,” within the renewable energy/environmental track at the Korean Trade-Investment Promotion Agency (KOTRA) 2009 Global Partnering Conference. Located in Seoul, the event is aimed at strengthening cross-border collaborations.

The Green Device 2009 forum will be held from October 28 – 30, 2009 at the Pacifico Yokohama, and the KOTRA 2009 Global Partnering Conference will be held from November 3 - 6, 2009 at the COEX Intercontinental Hotel.

For more information about the Green Device 2009 Forum, please visit: http://www.evesys.jp/fpd2009/index.phtml?lang=eng

For more information about the KOTRA Global Partnering Conference, please visit: http://english.kotra.or.kr/wps/portal/dken

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.