{"id":418037,"date":"2021-01-20T15:43:52","date_gmt":"2021-01-20T20:43:52","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=418037"},"modified":"2021-01-20T15:43:52","modified_gmt":"2021-01-20T20:43:52","slug":"mechanical-technology-incorporated-announces-land-acquisition-to-build-ultra-low-cost-green-data-center","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mechanical-technology-incorporated-announces-land-acquisition-to-build-ultra-low-cost-green-data-center\/","title":{"rendered":"Mechanical Technology, Incorporated Announces Land Acquisition to Build Ultra Low-Cost Green Data Center"},"content":{"rendered":"
\n

Acquisition is the first milestone of the 2021 Plan<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n ALBANY, N.Y.<\/span>, Jan. 20, 2021<\/span> \/PRNewswire\/ —\u00a0Mechanical Technology, Incorporated<\/b>\u00a0(“MTI<\/u>” or the “Company<\/u>“), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York<\/span>, today provided a corporate update following on its Shareholder Letter of December 23<\/span>, 2020.\u00a0 <\/p>\n

\n

\n
\n \"MTI
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Today’s announcement of an agreement to acquire land is an important step in the Company’s plan to build an ultra low-cost green data center<\/b> that will fulfill the Company’s goal of becoming an ultra capital efficient data center operator.<\/p>\n

The Company anticipates that the site, which is located in the Southeast United States<\/span>, represents a critical step in its strategic roadmap to grow its EcoChain business.\u00a0 The Company has set an objective to complete construction of a 25MW data center<\/b> that will be operational in the fourth quarter of 2021. <\/p>\n

We expect this site will be the template for future greenfield and brownfield site builds, with a keen focus on operating and capital efficiency.<\/p>\n

In cooperation with our technical partners at Soluna, MTI continues to build a robust pipeline of green powered ultra low-cost locations. \u00a0Our pipeline incorporates a blend of greenfield, brownfield and ready to operate projects.<\/p>\n

“We are excited to be executing on our plan to build out at least 50MW by years end,” commented Michael Toporek<\/span>, CEO.\u00a0Added Toporek: “We very specifically have set a target to have under our control and ramp up operations of 50MW of green powered ultra low-cost data center capacity by the end of the year.”\u00a0Concluded Toporek: “It was important for us to begin executing on our 2021 objectives early.\u00a0Our team continues to work to meet or beat its targets.”<\/p>\n

\n

\n About MTI<\/b>\n <\/p>\n

MTI is the parent company of MTI Instruments, Inc. and EcoChain, Inc. Through MTI Instruments, MTI is engaged in the design, manufacture and sale of test and measurement instruments and systems that 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. Through EcoChain, MTI is developing a cryptocurrency mining facilities powered by renewable energy that integrate with the bitcoin blockchain network. For more information about MTI, please visit https:\/\/www.mechtech.com<\/a>. <\/p>\n

\n Forward-Looking Statements for Mechanical Technology, Incorporated:<\/b>\n <\/p>\n

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current expectations, as of the date of this communication, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company’s business strategy. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company’s ability to implement its long range business plan for various applications of its technology; the Company’s ability to enter into agreements with any necessary partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company’s technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission.<\/p>\n

\n ______________________________________________________________________________<\/b>\n <\/p>\n

Please visit https:\/\/www.mechtech.com<\/a> under News & Events. <\/p>\n

\n Contact Information:<\/b>\n <\/p>\n

\n Lisa Brennan<\/span>\n <\/p>\n

518-218-2592<\/p>\n

\n lbrennan@mtiinstruments.com<\/a>\u00a0<\/p>\n

\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/mechanical-technology-incorporated-announces-land-acquisition-to-build-ultra-low-cost-green-data-center-301211991.html<\/a><\/p>\n

SOURCE Mechanical Technology, Incorporated<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Acquisition is the first milestone of the 2021 Plan PR Newswire ALBANY, N.Y., Jan. 20, 2021 \/PRNewswire\/ —\u00a0Mechanical Technology, Incorporated\u00a0(“MTI” or the “Company“), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, today provided a corporate update following on its Shareholder Letter of December 23, 2020.\u00a0 Today’s announcement of an agreement to acquire land is an important step in the Company’s plan to build an ultra low-cost green data center that will fulfill the Company’s goal of becoming an ultra capital efficient data center operator. The Company anticipates that the site, which is located in the Southeast United States, represents a critical step in its strategic roadmap to grow its EcoChain business.\u00a0 The Company has set an … <\/p>\n

Continue reading “Mechanical Technology, Incorporated Announces Land Acquisition to Build Ultra Low-Cost Green Data Center”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-418037","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMechanical Technology, Incorporated Announces Land Acquisition to Build Ultra Low-Cost Green Data Center - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mechanical-technology-incorporated-announces-land-acquisition-to-build-ultra-low-cost-green-data-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mechanical Technology, Incorporated Announces Land Acquisition to Build Ultra Low-Cost Green Data Center - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Acquisition is the first milestone of the 2021 Plan PR Newswire ALBANY, N.Y., Jan. 20, 2021 \/PRNewswire\/ —\u00a0Mechanical Technology, Incorporated\u00a0(“MTI” or the “Company“), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, today provided a corporate update following on its Shareholder Letter of December 23, 2020.\u00a0 Today’s announcement of an agreement to acquire land is an important step in the Company’s plan to build an ultra low-cost green data center that will fulfill the Company’s goal of becoming an ultra capital efficient data center operator. The Company anticipates that the site, which is located in the Southeast United States, represents a critical step in its strategic roadmap to grow its EcoChain business.\u00a0 The Company has set an … Continue reading "Mechanical Technology, Incorporated Announces Land Acquisition to Build Ultra Low-Cost Green Data Center"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/mechanical-technology-incorporated-announces-land-acquisition-to-build-ultra-low-cost-green-data-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-20T20:43:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1098965\/MTI_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mechanical-technology-incorporated-announces-land-acquisition-to-build-ultra-low-cost-green-data-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mechanical-technology-incorporated-announces-land-acquisition-to-build-ultra-low-cost-green-data-center\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Mechanical Technology, Incorporated Announces Land Acquisition to Build Ultra Low-Cost Green Data Center\",\"datePublished\":\"2021-01-20T20:43:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mechanical-technology-incorporated-announces-land-acquisition-to-build-ultra-low-cost-green-data-center\\\/\"},\"wordCount\":615,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mechanical-technology-incorporated-announces-land-acquisition-to-build-ultra-low-cost-green-data-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1098965\\\/MTI_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mechanical-technology-incorporated-announces-land-acquisition-to-build-ultra-low-cost-green-data-center\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mechanical-technology-incorporated-announces-land-acquisition-to-build-ultra-low-cost-green-data-center\\\/\",\"name\":\"Mechanical Technology, Incorporated Announces Land Acquisition to Build Ultra Low-Cost Green Data Center - 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