MTI Reports Second Quarter Results And Progress

摘要

Mechanical Technology,Inc.has reported financial results for its second quarter ended June 30,2005.MTI Micro now plans to establish a relationship with a lead consumer OEM by the end of 2006,and is on track to reach its remaining 2005 milestones.In conjunction with these milestones,the company has achieved 1.5 times the energy density of a BA5590 battery ,one of the most frequently used military batteries,in a Mobion laboratory test unit,achieving 50 percent more energy from the same size and weight.The company remains on track to achieve double the energy density of a BA5590 battery by the end of 2005.