MTI TO PRESENT AT THE GREENER GADGETS CONFERENCE

Peng K. Lim, Chief Executive Officer of Mechanical Technology Incorporated (NASDAQ:MKTY), is scheduled to participate in a panel discussion titled "New Forms of Mobile Renewable Energy" at the Greener Gadgets Conference on February 1, 2008 in New York City. During the panel discussion, Peng Lim will join executives in the wind, solar and kinetic power industries to discuss alternative energy solutions for mobile devices.

The Greener Gadgets conference is focusing on green design and technology innovations for the consumer electronics industry. For additional details on this event, visit www.greenergadgets.com.

About MTI MicroFuel Cells

MTI MicroFuel Cells Inc., a subsidiary of Mechanical Technology Incorporated, (NASDAQ: MKTY), is the developer of the award winning Mobion® 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.