| Business Summary | | Mechanical
Technology,
Inc.
operates
in
the
energy
industry.
It
develops
a
series
of
embedded,
distributed
and
improved
power,
advanced
power
transmission
and
storage
or
enabling
technologies
and
services.
As
of
Sept.
30,
2000,
Mechanical
Technology
held
interests
in
Plug
Power
Inc.
(31.4%),
SatCon
Technology
Corporation
(13.2%),
and
Beacon
Power
Corporation
(10%).
Plug
Power
researches,
develops
and
manufactures
proton
exchange
membrane
(PEM)
fuel
cell
systems
for
electric
power
generation.
SatCon
designs,
develops
and
manufactures
power
and
energy
management
products.
Beacon
Power
designs
and
develops
flywheel
energy
storage
systems.
In
addition,
the
Company's
majority-owned
subsidiary,
MTI
Instruments,
Inc.,
designs,
manufactures
and
sells
high-performance
test
and
measurement
instruments
and
systems. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Mechanical
Technology
manufactures
and
sells
precision
diagnostic
and
measurement
instruments
and
incubates
alternative
energy
technology.
For
the
six
months
ended
3/01,
revenues
rose
6%
to
$3.3
million.
Net
loss
before
acct.
change
rose
57%
to
$9.2
million.
Revenues
reflect
increased
sales
of
new
wafer
thickness
and
instruments
product
lines.
Net
loss
reflects
increased
S/G/A
expenses
due
to
higher
personnel
costs
related
to
the
new
energy
technology
segment. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
2,260;
after
tax
earnings
were
10,081. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| George McNamee, 54 CEO | -- | -- | William Acker, 39 Pres,
CTO | $50K | -- | Cynthia Scheuer, 39 CFO,
VP | 191K | $61K | Judith Barnes, 52 VP
and CMO | 163K | -- | Denis Chaves, 60 VP
and Gen. Mang., Advanced Products | 312K | 121K | Dollar
amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|