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IRVINE--- MTI Technology Receives Nasdaq Notice of Non-Compliance

Companies mentioned in this article: MTI Technology Corporation

MTI Technology Corporation (NASDAQ:MTIC) announced today that it received a Nasdaq Staff Determination Letter on April 11, 2007, indicating that it fails to comply with the $35,000,000 minimum market value of listed securities requirement for continued listing on the Nasdaq Capital Market pursuant to Marketplace Rule 4310(c)(2)(B)(ii), and that its common stock is therefore subject to delisting from the Nasdaq Capital Market unless it requests a hearing before a NASDAQ Listing Qualifications Panel (the "Panel"). MTI intends to request a hearing; however, there can be no assurance the Panel will grant MTI's request for continued listing. At the hearing, MTI will also be required to address its previously announced failure to comply with the minimum bid price requirement of Marketplace Rule 4310(c)(4). Pending a decision by the Panel, MTI's securities will remain listed on the Nasdaq Capital Market.

About MTI Technology

MTI is a global provider of end-to-end information infrastructure solutions for the mid to large size enterprise. With more than 20 years experience in delivering innovative technology solutions and more than 5 million hours of providing professional services, MTI is a leader in end-to-end information infrastructure solutions that span analysis, design, implementation and support. In addition to having served almost 4,000 direct customers as a trusted solutions provider, MTI has strategic technology and services relationships with industry leaders including EMC, Microsoft, VMWARE, Symantec and Cisco.