Technology | 2009.10.01
MTI Receives $6.5M Contract from U.S. Air Force
ALBANY, N.Y.--(BUSINESS WIRE)--Mechanical Technology, Incorporated (“MTI”) (OTC: MKTY), a leader in direct methanol fuel cell development and a worldwide supplier of non-contact measurement systems, announced its subsidiary MTI Instruments, Inc. (“MTII”) has received a new multi-year contract for repairs and services on the PBS-4100 and PBS-4100PLUS vibration and balancing system the U.S. Air Force (USAF). This contract has a potential value of $6.5M over the full 5-year
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