<SEC-DOCUMENT>0001003297-16-000768.txt : 20160712
<SEC-HEADER>0001003297-16-000768.hdr.sgml : 20160712
<ACCEPTANCE-DATETIME>20160712141641
ACCESSION NUMBER:		0001003297-16-000768
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160701
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160712
DATE AS OF CHANGE:		20160712

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MECHANICAL TECHNOLOGY INC
		CENTRAL INDEX KEY:			0000064463
		STANDARD INDUSTRIAL CLASSIFICATION:	MEASURING & CONTROLLING DEVICES, NEC [3829]
		IRS NUMBER:				141462255
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-06890
		FILM NUMBER:		161763754

	BUSINESS ADDRESS:	
		STREET 1:		325 WASHINGTON AVENUE EXTENSION
		CITY:			ALBANY
		STATE:			NY
		ZIP:			12205
		BUSINESS PHONE:		518-218-2500

	MAIL ADDRESS:	
		STREET 1:		325 WASHINGTON AVENUE EXTENSION
		CITY:			ALBANY
		STATE:			NY
		ZIP:			12205
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>mkty8k.htm
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<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:18.0pt;">UNITED STATES </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:18.0pt;">SECURITIES AND EXCHANGE COMMISSION </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Washington, D.C. 20549
</font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">___________________</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:18.0pt;">FORM
8-K </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">___________________</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">CURRENT
REPORT </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">Pursuant
to Section</font></b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">13
OR 15(d) of The </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">Securities Exchange Act of 1934 </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Date
of Report (Date of earliest event reported):</font></b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">July
1, 2016</font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">___________________</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:18.0pt;">MECHANICAL
TECHNOLOGY, INCORPORATED </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(Exact name of registrant as specified
in charter) </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="width:100%;">
 <tr>
  <td valign=bottom width="30%" style="padding:0in 0in 0in 0in;" align="center">
  <p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">New York</font></b></p>
  </td>
 <td valign=bottom width="5%" style="padding:0in 0in 0in 0in;" align="center">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:7.5pt;">&nbsp;&nbsp;</font></p>
  </td>
 <td valign=bottom width="30%" style="padding:0in 0in 0in 0in;" align="center">
  <p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">000-06890</font></b></p>
  </td>
 <td valign=bottom width="5%" style="padding:0in 0in 0in 0in;" align="center">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:7.5pt;">&nbsp;&nbsp;</font></p>
  </td>
 <td valign=bottom width="30%" style="padding:0in 0in 0in 0in;" align="center">
  <p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">14-1462255</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width="30%" style="padding:0in 0in 0in 0in;" align="center">
  <p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">(State or other jurisdiction</font></b></p>
  <p align=center style="line-height:normal;margin-bottom:.55pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">of
  incorporation)</font></b></p>
  </td>
 <td valign=bottom width="5%" style="padding:0in 0in 0in 0in;" align="center">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">&nbsp;&nbsp;</font></p>
  </td>
 <td valign=top width="30%" style="padding:0in 0in 0in 0in;" align="center">
  <p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">(Commission File Number)</font></b></p>
  </td>
 <td valign=bottom width="5%" style="padding:0in 0in 0in 0in;" align="center">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">&nbsp;&nbsp;</font></p>
  </td>
 <td valign=top width="30%" style="padding:0in 0in 0in 0in;" align="center">
  <p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">(IRS Employer</font></b></p>
  <p align=center style="line-height:normal;margin-bottom:.55pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">Identification
  No.)</font></b></p>
  </td>
 </tr>
</table>

</div>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">325
  Washington Avenue Extension, Albany, New York 12205</font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(Address of principal executive offices)
(Zip Code) </font></b></p>
<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;">&nbsp;</p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;">
<b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(518) 218-2550</font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(Registrant&#8217;s telephone number,
including area code) </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">___________________</font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (</font><u><font face="times new roman" lang=EN-US style="font-size:10.0pt;">see</font></u><i><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> </font></i><font face="times new roman" lang=EN-US style="font-size:10.0pt;">General Instruction A.2. below): </font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td valign=top width=4% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">
	<font face="Times New Roman" style="font-size:10.0pt;">&#9744;
</font></p>
  </td>
 <td valign=top width=96% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">
	<font face="Times New Roman" style="font-size:10.0pt;">Written
  communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  </font></p>
  </td>
 </tr>
</table></div>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt; display:none">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td valign=top width=4% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">
	<font face="Times New Roman" style="font-size:10.0pt;">&#9744;
</font></p>
  </td>
 <td valign=top width=96% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">
	<font face="Times New Roman" style="font-size:10.0pt;">Soliciting
  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></p>
  </td>
 </tr>
</table></div>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt; display:none">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td valign=top width=4% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">
	<font face="Times New Roman" style="font-size:10.0pt;">&#9744;
</font></p>
  </td>
 <td valign=top width=96% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">
	<font face="Times New Roman" style="font-size:10.0pt;">Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) </font></p>
  </td>
 </tr>
</table></div>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt; display:none">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td valign=top width=4% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">
	<font face="Times New Roman" style="font-size:10.0pt;">&#9744;
</font></p>
  </td>
 <td valign=top width=96% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">
	<font face="Times New Roman" style="font-size:10.0pt;">Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) </font></p>
  </td>
 </tr>
</table></div>

<div style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 1.0pt 0in;">

<p style="border:none;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;padding:0in;"><font face="times new roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>
<p style="border:none;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;padding:0in;">&nbsp;</p>
<p style="border:none;line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;padding:0in;">&nbsp;</p>

</div>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="line-height:150%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="line-height:150%;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="line-height:150%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="line-height:150%;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>


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<p style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


</DIV>
<p style="line-height:150%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="line-height:150%;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Section
1 &#8211; Registrant&#8217;s Business and Operations</font></b></font></p>

<p style="line-height:150%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="line-height:150%;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Item
&#160;1.01 &#160;&#160;&#160; Entry into a Material Definitive Agreement.</font></b></font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">On
July 1, 2016, Mechanical Technology Incorporated (the Company) entered into a contract
with the U.S. Air Force to supply the Company&#8217;s PBS 4100+ vibration measurement
and balancing systems, along with associated accessories and
maintenance.&nbsp;The total contract, if fully executed, has a value of $9.35
million, with the initial basic one-year term of the contract having an
estimated value of approximately $1.8 million. </font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">In
addition to the basic term of the contract, the contract includes four option
periods that the U.S. Air Force may exercise on or before the last day of the
previous basic contract period or option period. Each option period covers the
U.S. Air Force&#8217;s option to purchase the Company&#8217;s products set forth in the
contract with respect to that specific option. Option I (concurrent with the initial
basic one-year term) may be exercised at any time, from time-to-time, through
June 30, 2017, Option II may be exercised at any time, from time-to-time, through
June 30, 2018, Option III may be exercised at any time, from time-to-time,
through June 30, 2019, and Option IV may be exercised at any time, from
time-to-time, through June 30, 2020. Within this schedule, the U.S. Air Force
may exercise multiple option periods simultaneously. The contract provides the
U.S. Air Force with an option to extend the term of the contract, but no such
extension will be beyond June 30, 2021.&#160; </font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="line-height:150%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="line-height:150%;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Section 9 &#8211; Financial
Statements and Exhibits</font></b></font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Item
9.01 Financial Statements and Exhibits.</font></b></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td nowrap valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" style="font-size:10.0pt;">(d)&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" style="font-size:10.0pt;">Exhibits</font></p>
  </td>
 <td nowrap valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=97% style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap width=1% style="padding:0in 0in 0in 0in;">
  <p style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=1% style="padding:0in 0in 0in 0in;">
  <p style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=1% style="padding:0in 0in 0in 0in;">
  <p style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=97% style="padding:0in 0in 0in 0in;">
  <p style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Exhibit</font></p>
  </td>
 <td nowrap valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=97% style="padding:0in 0in 0in 0in;">
  <p style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=1% style="border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Number</font></p>
  </td>
 <td nowrap valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=97% style="border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="line-height:14.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Description</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:silver;padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">99.1</font></p>
  </td>
 <td nowrap valign=top width=1% style="background:silver;padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=97% style="background:silver;padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face style="font-size:10.0pt;">Press
  Release dated July 8, 2016.&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

<p style="margin-left:0in;margin-right:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=center style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;">

<hr align=center noshade size=3 width="100%">

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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><u><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SIGNATURES </font></u></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pursuant to the
requirement of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="page-break-inside:avoid;">
  <td valign=bottom width=49% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="line-height:normal;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">MECHANICAL TECHNOLOGY, INCORPORATED</font></p>
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=bottom width=49% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:1.0pt;"><font face="times new roman" style="font-size:12.0pt;"><br>
  </font><font face="times new roman" style="font-size:10.0pt;">Date:
  July 12, 2016</font></p>
  </td>
 <td valign=bottom width="5%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:1.0pt;"><font face="times new roman" style="font-size:10.0pt;">By:</font><font face="times new roman" style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width="46%" style="border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;"><br>
  </font><font face="times new roman" style="font-size:10.0pt;">/s/
  KEVIN G. LYNCH</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=49% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width="5%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
 <td valign=top width="46%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Kevin
  G. Lynch</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=49% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width="5%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
 <td valign=top width="46%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Chairman
  and Chief Executive Officer</font></p>
  </td>
 </tr>
</table>

</div>

<div align=center style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;">

<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>

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   <TITLE>exb991- Prepared by EDGARX.com</TITLE>
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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;">&nbsp;</p>
<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b>
<font face="times new roman" lang=EN-US style="font-size:16.0pt;">Exhibit 99.1</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:16.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:16.0pt;">MECHANICAL
TECHNOLOGY ANNOUNCES </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:16.0pt;">AWARD OF
CONTRACT</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:16.0pt;">&nbsp;</font></b></p>

<p align=center style="line-height:115%;margin:0in;margin-bottom:10.0pt;text-align:center;"><font style="line-height:115%;"><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:14.0pt;">The U.S. Air Force awards $9.35 million contract for the supply of PBS 4100+ systems,
accessories and maintenance</font></i></b></font></p>

<p align=center style="line-height:115%;margin:0in;margin-bottom:10.0pt;text-align:center;"><font face="times new roman" style="line-height:115%;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">Albany, N.Y., July 8, 2016 -- Mechanical Technology, Incorporated (MTI or the Company), (OTCQB: MKTY), a company engaged,
through its subsidiary MTI Instruments, Inc. (MTI Instruments), in the design,
manufacture and sale of precision test and measurement sensors, instruments and
systems that provide solutions for linear displacement, vibration measurement
and system balancing and tensile measurements in markets that require the
exacting measurement and control of products and processes for automated
manufacturing, assembly, and consistent operation of complex machinery, announces
the award of a U.S. Air Force contract.</font></p>

<ul>
	<li>
	<p style="margin-bottom:10.0pt;margin-right:0in;margin-top:0in;text-align:justify;">
	<font face="times new roman" lang=EN-US style="font-size:12.0pt;">The
U.S. Air Force has awarded MTI Instruments a contract for the supply of its PBS
4100+ vibration measurement and balancing systems along with the associated
accessories and maintenance.</font></p></li>
	<li>
	<p style="margin-bottom:10.0pt;margin-right:0in;margin-top:0in;text-align:justify;">
	<font face="times new roman" lang=EN-US style="font-size:12.0pt;">The
total contract, if fully executed, has a value of $9.35 million, with the
initial term of the contract having an estimated value of approximately $1.8
million.</font></p></li>
	<li>
	<p style="margin-bottom:10.0pt;margin-right:0in;margin-top:0in;text-align:justify;">
	<font face="times new roman" lang=EN-US style="font-size:12.0pt;">We
anticipate that initial orders will commence under this contract over the next
30 to 60 days, with subsequent orders expected throughout the next year.</font></p>
	</li>
</ul>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">Kevin G. Lynch, Chairman and Chief
Executive Officer of MTI, commented that, &#8220;The PBS 4100+ system and accessories
are utilized as part of many U.S.A.F. jet engine testing and maintenance
programs to ensure aircraft flight readiness and engine safety. We are pleased
to be part of this program and support the women and men of the U.S.A.F.&#8221;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">As we previously reported in our fiscal
2015 earnings release on March 30<sup>th</sup>, 2015, we anticipated the award
of this contract during the second quarter. We now look forward to fulfilling
the initial requirements in the near term. We also want to recognize the fact
that the U.S.A.F. contracting personnel (AFLCMC) worked diligently to complete
the contract execution at this time. The lapse in the continuity of supply to
the U.S.A.F. over the 2015 calendar year, due to the completion of the previous
contract in 2014, created a demand backlog within the U.S.A.F. that we are
partially fulfilling with the first order. We expect to see the positive impact
of this release as we progress through the coming year.&#8221;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">&nbsp;</p>
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<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">About
 MTI</font></b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:12.0pt;">MTI is engaged in the design, manufacture,
and sale of test and measurement instruments and systems through its subsidiary
 MTI Instruments, Inc. MTI Instrument's products use a comprehensive array of
technologies to solve complex, real world applications in numerous industries
including manufacturing, electronics, semiconductor, solar, commercial and
military aviation, automotive and data storage. For more information about the
Company, please visit <u> <font color="#0000FF">www.mechtech.com</font></u>.</font></p>
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<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><i><font face="times new roman" lang=EN-US style="font-size:12.0pt;">Statements in
this press release that are not historical fact, including:</font></i><font face="times new roman" lang=EN-US style="font-size:12.0pt;"> &#8220;We anticipate
that initial orders will commence under this contract over the next 30 to 60
days, with subsequent orders expected throughout the next year,&#8221; </font><i><font face="times new roman" lang=EN-US style="font-size:12.0pt;">and</font></i><font face="times new roman" lang=EN-US style="font-size:12.0pt;"> &#8220;We
expect to see the positive impact of this release as we progress through the
coming year,&#8221; c</font><i><font face="times new roman" lang=EN-US style="font-size:12.0pt;">onstitute forward-looking statements within the meaning of
federal securities laws. All forward-looking statements are made as of today,
and MTI disclaims any duty to update such statements. It is important to note
that the Company&#8217;s actual results could differ materially from those projected
in forward-looking statements. Factors that could cause the anticipated results
not to occur include</font></i><font face="times new roman" lang=EN-US style="font-size:12.0pt;"> </font><i><font face="times new roman" lang=EN-US style="font-size:12.0pt;">the possibility that</font></i><font face="times new roman" lang=EN-US style="font-size:12.0pt;"> </font><i><font face="times new roman" lang=EN-US style="font-size:12.0pt;">the U.S. Air Force does
not require or delays delivery within the anticipated timeframe, and certain
other risk factors listed from time to time in the Company&#8217;s reports filed with
the Securities and Exchange Commission, including, but not limited to, our
annual report on Form 10-K for the year ended December 31, 2015, and our
quarterly reports on Form 10-Q.</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">______________________________________________________________________________</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">Contact
Information:<br>
</font></b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">Lisa
Brennan<br>
518-218-2500</font></p>

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<font face="times new roman" lang=EN-US style="font-size:12.0pt; line-height:115%; text-decoration:underline" color="#0000FF">
lbrennan@mtiinstruments.com</font></p>
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