MPM Technologies Inc. Enters into Binding Memorandum of Understanding

MPM Technologies, Inc. (OTCBB:MPML) announced today that it has entered into a Binding Memorandum of Understanding Agreement that includes MPM, MPM executives CEO and Chairman Michael J. Luciano, Vice President and Director Richard E. Appleby and an undisclosed foreign company (the “Purchaser”).

The MOU calls for Messer’s Luciano and Appleby to sell a majority of their personally owned MPM shares to the Purchaser. In addition, after closing Mr. Luciano has agreed to immediately resolve MPM’s current debt.

Upon closing the Purchaser plans to infuse further capital into MPM to expedite the commercialization of the Skygas technology and to rapidly develop MPM’s waste-to-energy business on a worldwide basis along with developing the mining properties and Airpol.

MPM CEO and Chairman Michael J. Luciano stated, “We are fully convinced by the Purchaser of their intention and capabilities to develop MPM into a world class environmental company and firmly believe this agreement is in the best interest of our shareholders.”

Mr. Luciano will remain a Director of the newly capitalized company and will be retained as a Consultant to assist in all ongoing mining activities and Skygas commercialization efforts.

Until the agreement is finalized MPM has agreed not to disclose the name of the Purchaser. Closing is expected to take place following due diligence in March 2010.

MPM Technologies, Inc is a holding company with three subsidiaries: MPM Mining Inc., an exploration and development company with gold and silver mining properties in Montana, Nupower Inc, which is engaged in the development and commercialization of the Skygas™ technology, and AirPol, Inc. which builds, installs and services industrial air pollution control systems.

Statement Under the Private Securities Litigation Reform Act.

With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company.