MPM Technologies CEO Charles Romberg talks to The Wall Street Transcript.

NEW YORK--(BUSINESS WIRE)--January 12, 1999--The Wall Street Transcript has published an in-depth interview with Charles A. Romberg of MPM Technologies, Inc. (Nasdaq:MPML), in which he talks at length about his company's future.

He says, "MPM Technologies' origination started as a mining company. We made an election a couple of years ago to get out of the mining business; we've never really turned a wheel in the mining venture, and that property is for sale."

He explains, "In 1987, we formed a partnership with Nupower Partners, a private consortium of individuals, in a gasification technology called Skygas, and we have been funding that on an R&D basis and are presently configured with Smogless SPA from Milan, Italy; they are a wholly owned subsidiary of U.S. Filter, and the Unitel Corporation. That gasification technology has been under development in Europe and we are waiting for permit approvals for our first Skygas installation that we've been expecting now for the last three quarters. We continue to run into seemingly endless red tape in Italy."

Looking forward, he states, "We are working with several very, very prominent companies; we're under confidentiality agreements with them at this point. My goal is to attract these two additional companies into our joint venture and they will bring the necessary capital to build our first installation. Keep in mind the gasification piece just doesn't exist out there. And once we can secure the capital to fund a build out, we'll then begin to create the mass balances and economic flows that any customer wants to see. I'm optimistic that a change in the venture configuration is going to take place and we can finally get a pilot up and running."

To read the complete interview, go to http://www.twst.com/pdf/mpml.pdf. It requires Adobe Acrobat (tm) reader to view the document. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.

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