MTI Announces New Board Appointments
Mechanical Technology Inc. (MTI, Albany, NY) announced that effective December 16, 2004, William Phelan and Thomas Marusak have been appointed to the company's Board of Directors as new members. Phelan was also named Chairman of the company's Audit Committee.
"We are privileged to add these outstanding executives to MTI's Board of Directors," said MTI Chairman and Chief Executive Officer Steven Fischer. "Both Bill Phelan and Tom Marusak are talented and experienced entrepreneurs who bring extensive financial, technical and operational knowledge and experience. Having developed a number of very successful businesses, both will be important resources as we grow our micro fuel cell and instrumentation operations."