MTI Announces Results from AGM

Mechanical Technology, Incorporated ("MTI") has announced the results of its annual meeting of stockholders.

At the meeting, stockholders approved the election of Thomas J. Marusak and E. Dennis O’Connor to serve as Class II Directors.  Stockholders also approved an amendment to MTI’s amended and restated certificate of incorporation to effect a reverse split of MTI’s issued common stock in the ratio of one share of new common stock for eight old shares of common stock.

The reverse split will become effective upon the filing of the amendment with the New York Department of State, at which time MTI’s common stock will begin trading on The Nasdaq Global Market on a split-adjusted basis.  To denote the reverse split, the common stock will trade under the symbol “MKTYD” for a period of twenty trading days following the implementation of the reverse split, after which time the trading symbol will revert to “MKTY”.  Additional information regarding the reverse stock split can be found in MTI’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 15, 2008.

Source: Fuel Cell Today