Mechanical Technology Receives NYSERDA Award

April 29, 2002 by Jeff Shepard

Mechanical Technology Inc. (Albany, NY) announced that its subsidiary, MTI MicroFuel Cells Inc., has received an award of $500,000 from the New York State Energy Research and Development Authority (NYSERDA). The award, matched by a similar commitment from the company, will help fund a year-long research program to advance the development and commercialization of direct-methanol micro fuel cell technology.

The primary focus of the program is to develop an advanced micro fuel cell system as a future power source for portable electronic devices such as mobile phones, personal digital assistants, convergence devices, laptops and other portable electronic devices.

"The NYSERDA award will help accelerate our drive to be the New-York-based business bringing this power source to the multi-billion dollar global market in portable electronics," said William Acker, president of Mechanical Technology.