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CEO Of MTI MicroFuel Cells to Speak At 2010 CESALBANY, N.Y. --(Business Wire)-- MTI (News - Alert) 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 Chairman of the Board, President and CEO of MTI Micro, Peng K. Lim, will discuss the solution for the growing demand for portable power by using advanced micro fuel cell technologies for mobile devices during a panel discussion at the 2010 International Consumer Electronics Show (CES (News - Alert)). "MTI Micro is excited to be a part of the 2010 International CES," said Lim. "We look forward to sharing the advancements our Mobion® micro fuel cell platform has made at the preeminent event for innovation in consumer electronics. This discussion provides a great start to 2010 for the company, as we work towards a product launch later this year." Lim will participate in the CES Emerging Technology Knowledge Track session, "Power to the People: Advances in Charging and Battery Technology," from 12:00 to 1:00 pm PST on Friday, January 8, 2010 at the Las Vegas Convention Center, South Hall. Panelists will discuss portable power technologies including micro fuel cells, solid-state-ceramic batteries, environmentally friendly solar panels, wireless (inductive) charging as well as potential future innovations. The participants include: Moderator: Pete Pachal, Editor, Dvice.com Panelists: Tim Bradow, VP of Business Development and Technical Marketing, Infinite Power Solutions Jerry Hallmark, Director, Energy Systems Technology, Motorola (News - Alert), Inc. Peng Lim, Chairman of the Board, President and Chief Executive Officer, MTI MicroFuel Cells, Inc. David Pierce, Chief Executive Officer, Regen Ran Poliakine, Founder & CEO, Powermat, Inc. MTI Micro is developing off the grid power sources for portable electronics using its patented, proprietary direct methanol fuel cell technology platform called Mobion®. The Mobion® platform uses 100% methanol as its power source and reduced parts count, offering the advantage of higher energy density than competing fuel cell technologies for portable electronic devices. 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 (News - Alert) reports including but not limited to, the annual report on Form 10-K and Quarterly Reports on Form 10-Q. |
