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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 16, 1999
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Mechanical Technology Incorporated
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(Exact name of registrant as specified in its charter)
New York
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(State or other jurisdiction of incorporation or organization)
0-6890 14-1462255
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(Commission File Number) (I.R.S. Employer Identification No.)
968 Albany-Shaker Road, Latham, New York 12110
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (518) 785-2211
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Item 5. Other Events.
On November 8, 1999, Plug Power Inc. ("Plug Power") received correspondence
from counsel to DCT, Inc., alleging, among other things, that Mechanical
Technology Incorporated (the "Company") misappropriated from DCT, Inc.
business and technical trade secrets, ideas, know-how and strategies
relating to fuel cell systems, and that certain contractual obligations owed
to DCT, Inc. were breached. The correspondence threatens litigation against
the Company as well as Plug Power, Edison Development Corporation, DTE Energy
Company and The Detroit Edison Company. The Company believes that the
allegations made against the Company are without merit, and the Company
intends to vigorously defend any litigation which may be filed against the
Company with regard to this matter, but the ultimate outcome of any litigation
is of course uncertain.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MECHANICAL TECHNOLOGY INCORPORATED
Date: November 16, 1999 By: /s/ Cynthia A. Scheuer
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Cynthia A. Scheuer
Chief Financial Officer
