MTI Micro Expands Business Development Efforts in Japan

- Signs representative agreement in Japan -
ALBANY, N.Y.--(Business Wire)--MTI MicroFuel Cells Inc. (MTI Micro), developer of the
award-winning Mobion(R) micro fuel cell technology for handheld
electronic devices and a subsidiary of Mechanical Technology
Incorporated (MTI) (NASDAQ: MKTY), announced the addition of Mr. Yasuo
Mohri as a new independent business representative in Japan.

Under the agreement, Mr. Yasuo Mohri will work with the MTI Micro
business development team to expand business relationships with OEMs
and potential customers in Japan who are interested in using Mobion(R)
in handheld portable electronics.

Mr. Yasuo Mohri has more than 15 years of experience working as an
independent international business consultant with cutting-edge
technology companies. Prior to becoming an independent consultant, he
served as president of PCA International, a Charlotte, N.C.-based
photography company, where he successfully reorganized its Japanese
operation. He also served in a number of senior leadership positions
at several leading global companies such as Hitachi Ltd., Hitachi
Maxell Ltd. and Mather & Platts Ltd. (currently owned by TYCO
International).

"This relationship is an important step in expanding our reach
into the Japanese portable electronics market," said Peng Lim, CEO of
MTI. "Mr. Mohri's experience in this industry will be valuable in
helping MTI Micro further strengthen customer relationships and
develop new business in Japan."

"I am excited to be representing MTI Micro and look forward to
working with MTI Micro's business development team," said Mr. Yasuo
Mohri. "I see great opportunities in Japan for Mobion(R) technology as
an improved power source for handheld consumer electronics."

About MTI MicroFuel Cells

MTI MicroFuel Cells Inc., a subsidiary of Mechanical Technology
Incorporated, (NASDAQ: MKTY), is the developer of the award winning
Mobion(R) direct methanol micro fuel cell technology. The Company has
a world-class team of entrepreneurial business executives, researchers
and scientists; a number of system prototypes demonstrating size
reductions and performance improvements; significant related
intellectual property; and has received government awards and
developed strategic partnerships to help accelerate commercialization.
More information is available at www.mtimicrofuelcells.com.

About Mr. Yasuo Mohri

Mr. Yasuo Mohri has more than 15 years of experience as an
international business consultant in the medical, healthcare and
electronics industries with experience in merger and acquisitions,
licensing arrangements, intellectual property transfer and
acquisitions, foreign trade intermediary services, venture business
partnership and strategic alliance arrangements. He has also served in
a number of senior leadership positions at several leading global
companies such as Hitachi Ltd., Hitachi Maxell Ltd., Dover Corporation
and S.A Application des Gaz (currently owned by Coleman Co., Inc.).
Additionally, Mr. Yasuo Mohri received a Bachelor of Business
Administration from St. Paul's University (Rikkyo), Tokyo.

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, the ability of MTI Micro or Yasuo
Mohri to develop key relationships with OEM decision makers, foster
business development, or sell and support fuel cell systems to
customers; MTI Micro's future business prospects, technology and
performance; and, the market potential for and progress MTI Micro is
making in developing its Mobion(R) fuel cell systems and preparing for
manufacturing. 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.

For MTI MicroFuel Cells Inc.
George Relan, 518-533-2220
Vice President of Business Development
grelan@mechtech.com

Copyright Business Wire 2008