MTI Micro - Company: Government Funding

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management

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government funding

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Government Funding

MTI Micro has made significant progress towards its goal of developing Mobion^® technology for commercialization and has received key government awards to support this goal. MTI Micro has and will continue to develop government relationships and partnerships and benefit from this funding.

U.S. Department of Energy (DOE) Funding
- $3 million contract, matched by a MTI Micro: $2.2 Million awarded to date
  - $1.2 million awarded in 2004 & 2005
  - $1 million received in 2007 ($500K April / $500K August)
  - $500K awarded in March 2008

A Note About Forward Looking Statements and Other Legal Matters

Forward-looking Statements: The statements contained on this website which are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's beliefs, expectations, hopes or intentions regarding the future. Forward-looking statements on this website also include statements regarding MTI Micro's projections of development, schedule, launch date, performance and market penetration rates, comparisons of Mobion® DMFC performance and features to those of batteries and other competitors, MTI Micro's plans and progress for prototype and product performance and features, and any financial forecasts or market growth predictions. The Company assumes no obligation to update any forward-looking statement. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as for example: the Company's need for additional financing, MTI Micro's ability to successfully develop direct methanol micro fuel cells (DMFCs), competition from other products and companies, market and risks related to the Fletcher private placement, and OEM acceptance of DMFCs and the company's other products, early termination of MTI Micro's relationship with The Gillette Company, regulatory risks related to carrying methanol in the passenger compartment of airplanes, and the Company's ability to successfully introduce new products and maintain a technical advantage over its competitors. Readers should also refer to the risk disclosures outlined in the Company's filings with the Securities and Exchange Commissions on Forms 10-K and 10-Q.

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