ALBANY, N.Y., June 10, 2021 – Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), the parent company of MTI Instruments, Inc. (“MTI Instruments”) and EcoChain, Inc. (“EcoChain”), a cryptocurrency mining business powered by renewable energy, conducted its annual shareholder meeting on June 9th 2021.  The agenda included:

  1. To elect two directors to serve for a three-year term ending at the Company’s annual meeting of stockholders to be held in 2024 and until each such director’s successor is duly elected and qualified.
  2. To ratify the appointment of UHY LLP as the Company’s registered independent public accounting firm for fiscal year 2021.
  3. To approve an amendment to the Company’s Articles of Incorporation to increase the maximum number of directors constituting the entire Board of Directors of the Company from nine to 10.
  4. To approve a non-binding advisory proposal to approve the compensation paid to the Company’s named executive officers.
  5. To approve a non-binding advisory proposal on the frequency of the stockholder advisory vote on executive compensation.
  6. To transact such other business as may properly come before the meeting.

 You may vew the recording of the meeting on the Mechanical Technology, Incorporated website.