Mechanical Technology, Incorporated, the parent company of MTI Instruments, Inc. and EcoChain, Inc. , announced today that the Company’s common stock has been approved for listing on The Nasdaq Capital Market. Trading on The Nasdaq Capital Market is expected to begin at the opening of trading on Tuesday, March 23rd under the Company’s existing ticker symbol “MKTY”. The Company’s common stock will continue to trade on the OTC Markets quotation system on the OTCQB Venture Market until trading commences on The Nasdaq Capital Market.
“Uplisting to The Nasdaq Capital Market is an important milestone in MTI’s lifecycle as we continue to execute on our initiatives to build long term shareholder value,” said Michael Toporek, CEO of MTI. “The uplisting will increase our visibility in the marketplace and ideally improve the trading liquidity of our common stock, as well as expand our institutional shareholder base, as we continue to execute and build on our positive momentum. This uplisting is a direct result of all the groundwork we have laid and a testament to the hard work from our team and partners. With our uplisting goal achieved, we believe that we are well positioned to continue to optimize the Company’s return on invested capital as our growth strategy progresses.