Mechanical Technology Incorporated Announces Filing of Form 10 Registration Statement & Leadership Announcements

ALBANY, N.Y., Sept. 30, 2020 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, announces today that it has filed a Form 10 Registration Statement with the Securities and Exchange Commission (the “SEC”) to register its common stock under Section 12 of the Securities Exchange Act of 1934 (the “Exchange Act”). Once the Form 10 goes effective, which, unless withdrawn, will be on November 29, 2020, MTI will once again be subject to the reporting requirements of the Exchange Act and will resume filing annual, quarterly, and current reports, and annual proxy statements with the SEC. The Company also expects that its common stock will move from being quoted on the OTC Pink – Current Information tier to the OTCQB Venture Market tier of the OTC Markets Group quotation system upon effectiveness of the Form

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Justice Department opposes TikTok’s request for injunction in new filing

The Justice Department filed its opposition Friday to TikTok’s request for an injunction against the Trump administration’s looming ban of the app, and the agency pulled no punches. The DOJ says blocking the the ban would “infringe on the President’s authority to block business-to-business economic transactions with a foreign entity in the midst of a declared national-security emergency.”



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The DOJ also alleges that the CEO of TikTok’s parent company ByteDance, Zhang Yiming, is a “mouthpiece” for the Chinese Communist Party (CCP), and is “committed to promoting the CCP’s agenda and messaging.”

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Large chunks of the DOJ filing are redacted

Large chunks of the DOJ filing are redacted, including a section detailing where the DOJ claims TikTok stores US users’ data. The part that’s visible claims “US user data being stored outside of the United States presents significant risks in this

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