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MTI to Speak at Two Upcoming Financial Conferences

Dr. William P. Acker, Chief Executive Officer of MTI MicroFuel Cells, the developer of the award-winning Mobion micro fuel cell technology and a subsidiary of Mechanical Technology Incorporated is scheduled to present a corporate overview to the investment community at two upcoming investor conferences.

Dr. Acker will present at the Merriman Curhan Ford & Co. Next-Generation Energy Conference at the Essex House Hotel, New York, N.Y. on Monday, May 15, 2006 at 3:15 p.m. (EDT). The Next-Generation Energy Conference will provide those attending an opportunity to listen to CEOs from leading alternative energy companies discuss how they are commercializing alternative energy technologies.

Dr. Acker will also present at the Jeffries & Co. Alternative Energy and Cleantech Conference at the St. Regis Hotel, New York, N.Y. on Tuesday, May 16, 2006 at 10:l5 a.m. (EDT). The one-day event highlights many of the leading companies who are addressing today’s critical energy supply, security issues and environmental concerns.

Both presentations will be webcast live on the Mechanical Technology Web site at .

MTI is primarily engaged in the development and commercialization of award winning Mobion(R) cord-free advanced portable power systems, through its subsidiary MTI MicroFuel Cells Inc. (MTI Micro). MTI Micro shipped its first Mobion(R) based product in December 2004, and has a world-class team of entrepreneurial business executives, researchers and scientists; a proprietary direct methanol micro fuel cell power system and a number of system prototypes demonstrating size reductions and performance improvements; and significant related intellectual property. MTI Micro has received government awards and developed strategic partnerships to help accelerate 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 about the Company please visit .

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