MTI Global Inc. Announces Sale of MTI PolyFab to 3M

MTI Global Inc. Announces Sale of MTI PolyFab to 3M
MISSISSAUGA, ONTARIO–(Marketwire – March 8, 2010) – MTI Global Inc. (“MTI”)(TSX:MTI) announced today that it has entered into a share and note purchase agreement to sell MTI PolyFab Inc. (“MTI PolyFab”) and other aerospace-related assets to 3M Canada Company (“3M”), for cash consideration of US$24 million (approximately CDN$24.7 million), subject to certain pre- and post-closing adjustments.

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