Mechanical Technology, which provides analytical tools and solutions for industrial and other industries, completed its uplisting to the Nasdaq from the OTC (MKTY). Its shares are expected to begin trading on Tuesday, March 23.
The company operates its core business segments through its wholly-owned subsidiaries MTI Instruments and EcoChain. MTI Instruments is a supplier of vibration measurement and system balancing solutions, precision linear displacement sensors, instruments and system solutions, and wafer inspection tools, serving markets that require engine balancing and vibration analysis systems for both military and commercial aircraft, the precise measurements and control of products and processes in automated manufacturing, assembly, and consistent operation of complex machinery, and metrology tools for semiconductor and solar wafer characterization. EcoChain engages in cryptocurrency mining.
Mechanical Technology plans to list on the Nasdaq under the symbol MKTY. Univest Securities acted as a lead manager on the deal.
