Mechanical Technology, Incorporated : Announces Approval to Uplist to The Nasdaq Capital Market

ALBANY, N.Y., March 22, 2021 /PRNewswire/ — Mechanical Expertise, Included (“MTI” or the “Firm”), (OTCQB: MKTY), the mother or father firm of MTI Devices, Inc. (“MTI Devices”) and EcoChain, Inc. (“EcoChain”), introduced at this time that the Firm’s frequent inventory has been accredited for itemizing on The Nasdaq Capital Market. Buying and selling on The Nasdaq Capital Market is anticipated to start on the opening of buying and selling on Tuesday, March 23^rd below the Firm’s present ticker image “MKTY”. The Firm’s frequent inventory will proceed to commerce on the OTC Markets citation system on the OTCQB Enterprise Market till buying and selling commences on The Nasdaq Capital Market.

“Uplisting to The Nasdaq Capital Market is a crucial milestone in MTI’s lifecycle as we proceed to execute on our initiatives to construct long run shareholder worth,” stated Michael Toporek, CEO of MTI. “The uplisting will improve our visibility within the market and ideally enhance the buying and selling liquidity of our frequent inventory, in addition to increase our institutional shareholder base, as we proceed to execute and construct on our constructive momentum. This uplisting is a direct results of all of the groundwork we’ve got laid and a testomony to the exhausting work from our staff and companions. With our uplisting objective achieved, we imagine that we’re nicely positioned to proceed to optimize the Firm’s return on invested capital as our development technique progresses.”

About MTI

MTI is the mother or father firm of MTI Devices, Inc. and EcoChain, Inc. By way of MTI Devices, MTI is engaged within the design, manufacture and sale of check and measurement devices and techniques that use a complete array of applied sciences to unravel complicated, actual world functions in quite a few industries, together with manufacturing, electronics, semiconductor, photo voltaic, business and army aviation, automotive and information storage. By way of EcoChain, MTI is creating cryptocurrency mining amenities powered by renewable power that combine with the blockchain community. For extra details about MTI, please go to https://www.mechtech.com.

Ahead Wanting Assertion

This communication incorporates forward-looking statements inside the that means of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements replicate administration’s present expectations, as of the date of this communication, and contain sure dangers and uncertainties. Ahead-looking statements embrace statements herein with respect to the profitable execution of the Firm’s enterprise technique. The Firm’s precise outcomes may differ materially from these anticipated in these forward-looking statements on account of numerous components. Such dangers and uncertainties embrace, amongst different issues, our means to determine and keep the proprietary nature of our know-how by the patent course of, in addition to our means to probably license from others patents and patent functions essential to develop merchandise; the supply of financing; the Firm’s means to implement its lengthy vary marketing strategy for numerous functions of its know-how; the Firm’s means to enter into agreements with any crucial companions; the affect of competitors, the acquiring and upkeep of any crucial regulatory clearances relevant to functions of the Firm’s know-how; and administration of development and different dangers and uncertainties that could be detailed on occasion within the Firm’s studies filed with the Securities and Trade Fee.

Contact Data:

Jess Olszowy
jolszowy@mtiinstruments.com

Investor Relations:
Kirin Smith, President
PCG Advisory, Inc.
646.823.8656
Ksmith@pcgadvisory.com