Mechanical Technology, Incorporated
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- 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.
Mechanical Technology to Present at Fall Harvest - Best Ideas from the Buy-Side on October 6th
Mechanical Technology, Incorporated Announces Closing of Upsized $18 Million Preferred Stock Offering
Mechanical Technology: Success Is In The Management's Hands
MTI Releases Q2 Financials, Announces EcoChain Acquisition of Soluna Computing; PCG Digital Tech Watch Review
Mechanical Technology Shares Increase Over 4% Pre-Market: Why It Happened
Soluna Computing Announces Acquisition by MTI to Create Clean Computing Juggernaut
EcoChain, Inc. Announces Agreement to Acquire Soluna Computing, Inc., Adds 300 MW Pipeline Under LOI
MKTY Stock Price Increases Over 10% Pre-Market: Why It Happened
Mechanical Technology, Incorporated Announces Second Quarter 2021 Financial Results and EcoChain July Site Level Financials
EcoChain, Inc. Reports Monthly Site Level Financials for Q2 2021
Mechanical Technology, Incorporated to Present at Access to Giving Virtual Investor Conference on July 15th
EcoChain, Inc. to Report Monthly Site Level Financials on July 14th
EcoChain, Inc. Reports Monthly Site Level Financials as it Continues to Scale Up
EcoChain, Inc. Reports Monthly Site Level Financials as it Continues to Scale Up
Mechanical Technology, Incorporated to Present at Summer Solstice – Best Ideas from the Buy-Side on June 1st at 10:00 am ET
Mechanical Technology, Incorporated First Quarter 2021 Financial Results
EcoChain, Inc. Adds Immediate Capacity; Transformation on Track Towards 50MW 2021 Target
Mechanical Technology, Incorporated Announces Closing of Public Offering of Common Stock
Multinational Manufacturer Saint-Gobain Selects MTI Instruments' Digital Capacitance Measurement Technology to Streamline R&D
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