Mechanical Technology, Incorporated
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Michael M. Toporek
- Full Time Employees
- 29
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Address
- 325 Washington Avenue Extension Albany NY United States of America 12205
- IPO Date
- Mar 23, 2021
- CIK
- 0000064463
- Website
- mechtech.com
- Similar Companies
- Business
- Mechanical Technology, Incorporated (MKTY) designs, manufactures, and markets precision measurement instruments and systems for industrial applications requiring non-contact gauging of position, displacement, and vibration; semiconductor wafer inspection tools; engine vibration analysis and balancing systems for military and commercial aircraft; and portable signal generators. Through its wholly-owned subsidiary MTI Instruments, Inc., the company provides products such as the PBS-4100+ Portable Balancing System for on-wing engine trim balancing, PBS-4100R+ Test Cell Vibration Analysis System, Accumeasure capacitive sensors for nanometer-level precision, Microtrak laser displacement sensors, MTI-2100 Fotonic fiber-optic sensors, 1510 signal calibrator, and Proforma wafer metrology systems including the 300iSA for thickness and flatness measurement. These offerings serve markets in manufacturing, electronics, semiconductors, solar, aviation, automotive, and data storage, with sales through direct channels, representatives in the Americas, and distributors in Europe and Asia. Founded in 1961 and headquartered in Albany, New York, the company operates from a 17,400 square-foot facility for design, manufacturing, and R&D. It maintains wholly-owned subsidiaries including MTI Instruments, Inc. and the dormant Turbonetics Energy Incorporated. In recent developments, Mechanical Technology formed EcoChain, Inc. in January 2020 as a wholly-owned subsidiary to pursue cryptocurrency mining powered by renewable energy, acquiring GigaWatt, Inc.'s intellectual property and assets in May 2020 to establish a pilot mining facility in Washington state. The company invested in Soluna Technologies, Ltd., acquired Soluna Computing in 2021 to expand green data center development for mining and high-performance computing, and changed its name and focus toward Soluna Holdings, Inc. (SLNH) while retaining MTI Instruments operations; it also completed a $16.3 million convertible notes offering and a $15 million public offering to fund data center growth and acquisitions.
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EcoChain, Inc. Reports Monthly Site Level Financials as it Continues to Scale Up
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