MTI TO PARTICPATE IN TWO UPCOMING CONFERENCES

MTI MicroFuel Cells Inc. (MTI Micro), developer of MobionŽ off-the-grid portable power solutions and a subsidiary of Mechanical Technology, Incorporated (MTI) (NASDAQ: MKTY) is scheduled to exhibit at the 10th Annual Small Fuel Cells Conference on May 1 and 2, 2008, in Atlanta, Georgia. MTI Micro´s booth will showcase functional prototypes and present visitors with an overview of potential applications for MobionŽ micro fuel cells. For additional information on the 10th Annual Small Fuel Cells Conference, visit www.knowledgefoundation.com.

Additionally, Peng Lim, CEO of MTI will present a corporate overview to the investment community at Merriman Curhan Ford´s 4th Annual CleanTech Conference on May 13 at 1:45 p.m. in New York City. Mr. Lim´s presentation will be webcast live on Mechanical Technology´s Web site at http://www.mechtech.com/newsandevents/events.asp.

About MTI MicroFuel Cells

MTI MicroFuel Cells Inc., a subsidiary of Mechanical Technology, Incorporated (NASDAQ: MKTY), is the developer of MobionŽ off-the-grid portable power solutions. MTI Micro has a 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 related intellectual property. MTI Micro has received government funding and developed strategic partnerships to facilitate efforts to achieve commercialization. More information is available at www.mtimicrofuelcells.com.