Mechanical Technology Inc.

Mr. Lim, Chairman of the Board for MTI as of May 2008 and Chief Executive Officer of MTI Micro since May 8 2006 became Chief Executive Officer of MTI effective December 1st, 2006. Prior to MTI Micro, Peng served as the President and CEO of Tapwave, Inc., a company he founded. He was behind the development of the Zodiac, a portable electronic multimedia device that won multiple awards including, "Best Gear" by Time Magazine in 2003. Prior to Tapwave, Peng served as Vice President, Worldwide Product Development for Palm Computing where he was responsible for directing the entire life cycle of product development and engineering for Palm handheld products, operating system and application software. While at Palm, he helped capture 75% worldwide handheld operating system and 65% PDA market shares and quadrupled annual revenues to greater than $1.5 billion. Peng was also part of the executive team that led Palm to a successful IPO in 2000. Prior to Palm, Peng was VP of Engineering at Fujitsu Personal Systems where he introduced industry-leading pen-based and wireless computers that captured a 56% market share. Prior to his tenure at Fujitsu, Peng served as Engineering Platform Director at Texas Instruments and as Director of Advanced Portable Engineering at Zenith Data Systems. In both positions he introduced important innovations in state-of-the-art portable computers. Peng serves as a member of the Board of Directors for Novatel Wireless, a leading 3G wireless solutions company since 2001 and Board of Advisors for Inventec Appliances, a multibillion dollars ODM company since 2006. Peng holds a B.S. and a M.S. in Electrical Engineering from University of Windsor (Ontario, Canada) and a Master of Engineering Management from Northwestern University. Peng is an alumnus of the Stanford Executive Program for Growing Companies at Stanford University.

Effective September 2, 2005, Mr. Soucy is consulting for MTI as Chief Corporate Strategist. Mr. Soucy served as President for MTI Micro from December 15, 2004 to September 1, 2005 and Chief Operating Officer for MTI from October 2002 to September 1, 2005. Mr. Soucy brings more than 20 years of management experience gained from large multi-national corporations and smaller high technology start-ups. Mr. Soucy's background includes several years as general manager of Philips Mobile Computing Group, the portable digital products division of Philips Electronics, where he helped to establish Philips as a leading supplier of handheld and mobile products. He was also an executive officer at Tripath Technologies, Inc., a fabless semiconductor supplier for consumer electronics and broadband communications customers, which he helped take public in 2000. In addition to his leadership roles at Philips and Tripath, Mr. Soucy has held a number of key executive roles including marketing, sales, product development and business unit management. Mr. Soucy received his Bachelor of Science degree from the University of Rhode Island.

Alan Goldberg, President of First Albany Corp. returns to trusteeship after serving one year as an associate. The immediate past chairman of the AIHA Board, Mr. Goldberg currently is board chairman for the Center for Economic Growth and also serves on the boards of Mechanical Technology Inc., Albany Symphony Orchestra, University Heights Association, Watervliet Arsenal Business & Technology Partnership Board, and Satcon Technology Corporation.

Mr. O'Connor, a Director since 1993, is a registered patent attorney, and from 1984 until his retirement in June 2000, was the Director of New Products and Technology for Masco Corporation, a diversified manufacturer of building, home improvement, and other specialty products for the home and family. Since October 31, 2005, Mr. O?Connor has also served as a director of MTI Micro.

Mr. Phelan, CPA, was appointed to MTI?s Board of Directors and named Chairman of MTI?s Audit Committee on December 16, 2004. Since October 31, 2005, Mr. Phelan has also served as a Director of MTI Micro. Mr. Phelan is the co-founder and CEO of Flatburger Technologies, a software company focusing on open source software as a service. Mr. Phelan was a founder and served as Chief Executive Officer of OneMade, Inc., an electronic commerce marketplace technology systems and tools provider, from May 1999 to May 2004. OneMade, Inc. was sold to America Online (AOL) in May 2003. In addition, Mr. Phelan served as a member of the Board of Directors of Florists? Transworld Delivery (FTD), the largest floral services organization in the world, where he was instrumental in reorganizing the company, providing both strategic direction and operational oversight. He has also held numerous executive positions at Fleet Equity Partners, Cowen & Company, and UHY Advisors Inc., formerly Urbach Kahn & Werlin, PC. Mr. Phelan has a B.A. in Accounting and Finance from Siena College, and an M.S. in Taxation from City College of New York.