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OFFON

MECHANICAL TECHNOLOGY, INCORPORATED

(MKTY)
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Mechanical Technology Incorporated : Conducts Annual Shareholder Meeting

06/10/2021 | 03:38pm EDT

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About MTI

MTI is the parent company of MTI Instruments, Inc. and EcoChain, Inc. Through EcoChain, MTI is developing cryptocurrency mining facilities powered by renewable energy that integrate with the blockchain network. Through MTI Instruments, MTI is engaged in the design, manufacture and sale of test and measurement instruments and systems that use a comprehensive array of technologies to solve complex, real world applications in numerous industries, including manufacturing, electronics, semiconductor, solar, commercial and military aviation, automotive and data storage. For more information about MTI, please visit https://www.mechtech.com.

Forward Looking Statement

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this communication, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

Contact Information:

Jess Olszowy

jolszowy@mtiinstruments.com

Investor Relations:

Kirin Smith, President

PCG Advisory, Inc.

646.823.8656

Ksmith@pcgadvisory.com

Disclaimer

MTI - Mechanical Technology Incorporated published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 19:37:06 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2020 9,60 M - -
Net income 2020 1,95 M - -
Net cash 2020 1,42 M - -
P/E ratio 2020 23,6x
Yield 2020 -
Capitalization 93,4 M 93,4 M -
EV / Sales 2019 0,74x
EV / Sales 2020 4,59x
Nbr of Employees 31
Free-Float 53,0%
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Income Statement Evolution
Managers and Directors
Michael M. Toporek Chief Executive Officer & Director
Jessica L. Thomas Chief Financial Officer, Secretary & Treasurer
David C. Michaels Chairman
Thomas J. Marusak Independent Director
William P. Phelan Independent Director
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