MECHANICAL TECHNOLOGY, INCORPORATED (OTCMKTS:MKTY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

(b) On January 18, 2017, Kevin Lynch resigned as President and
Chief Executive Officer as well as Chairman of the Board of
Mechanical Technology, Incorporated (the Company), effective
immediately. Mr. Lynch will remain on the Companys Board of
Directors.

(c) Effective January 18, 2017, the Companys Board of Directors
appointed Frederick W. Jones, our current Chief Financial
Officer, as President and Chief Executive Officer. He remains our
Chief Financial Officer as well.

Frederick W. Jones, age 49, has served as our Chief Financial
Officer since September 2011 and had been serving as the Acting
Chief Financial Officer since June 2009. He was appointed our
Secretary in June 2009. He was promoted to Vice President of
Finance and Operations of MTI Instruments, Inc. (MTI
Instruments), a wholly-owned subsidiary of the Company, in April
2010, from the Senior Director of Finance and Operations at MTI
Instruments, which he had held since May 2007. Since joining the
Company in 1993, Mr. Jones has held a variety of roles at the
Company and its subsidiaries, including Staff Accountant,
Controller and Director of Finance and Administration. Prior to
his employment with MTI, Mr. Jones served as Controller for both
Hobbs Management Corporation and Galesi Management Corporation.
Mr. Jones received a Bachelors degree in Business Administration
and Accounting from Siena College.

The press release announcing Mr. Lynchs resignation and Mr. Jones
appointment is attached as exhibit 99.1 hereto.

Section 8 Other Events

Item 8.01 Other Events.

On January 18, 2017, the Companys Board of Directors appointed
David C. Michaels to succeed Mr. Lynch as Chairman of the Board.
Mr. Michaels has served as a director of the Company since August
2013 and is currently Chairman of the Audit Committee of the
Companys Board of Directors.

Section 9 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

About MECHANICAL TECHNOLOGY, INCORPORATED (OTCMKTS:MKTY)

Mechanical Technology, Incorporated conducts operations through its subsidiary, MTI Instruments, Inc. (MTI Instruments). MTI Instruments supplies precision linear displacement solutions, vibration measurement and system balancing solutions, and wafer inspection tools. The Company’s product offerings include Accumeasure Series, Microtrak 4, Microtrak PRO-2D, MTI-2100 Fotonic Sensor Series, Accumeasure D Series, Microtrak TGS, PBS-4100+ Portable Balancing System, PBS-4100R+ Test Cell Vibration Analysis & Trim Balancing System, TSC-4800A Tachometer Signal Conditioner and 1510A Calibrator, Accumeasure Digital Series, Accumeasure Analog Series, Semtester Tensile Stages and Proforma 300i, PV 1000. MTI Instruments serves markets that require precise measurements and control of products and processes in automated manufacturing, assembly and operation of machinery, and metrology tools for semiconductor and solar wafer characterization, among others.

MECHANICAL TECHNOLOGY, INCORPORATED (OTCMKTS:MKTY) Recent Trading Information

MECHANICAL TECHNOLOGY, INCORPORATED (OTCMKTS:MKTY) closed its last trading session up +0.01 at 1.39 with 112 shares trading hands.