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<TITLE>MTI Technology Corporation</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">As Filed With the Securities and Exchange Commission on January&nbsp;31, 2006
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</DIV>


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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington. D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
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<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 14pt; margin-top: 18pt"><B>REGISTRATION STATEMENT<BR>
Under<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>


<DIV align="center" style="font-size: 14pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
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<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>MTI TECHNOLOGY CORPORATION</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><I>(Exact name of registrant as specified in its charter)</I></DIV>


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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
<I>(State or other jurisdiction of incorporation or organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>95-3601802</B><BR>
<I>(I.R.S. Employer Identification No.)</I></TD>
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</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>17595 Cartwright Road, Irvine, California 92614</B><BR>
<I>(Address of Principal Executive Offices)</I>
</DIV>


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</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>2001 STOCK INCENTIVE PLAN</B><BR>
<I>(Full title of the plan)</I>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Thomas P. Raimondi, Jr.<BR>
Chairman, President and Chief Executive Officer<BR>
17595 Cartwright Road<BR>
Irvine, California 92614</B><BR>
<I>(Name and address of agent for service)</I>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>(949)&nbsp;251-1101</B><BR>
<I>(Telephone number, including area code, of agent for service)</I>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Copy to:<BR>
Tate Powell Tate, Esq.<BR>
Morrison &#038; Foerster LLP<BR>
Twelfth Floor<BR>
19900 MacArthur Boulevard<BR>
Irvine, CA 92612
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

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    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed Maximum</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed Maximum</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="left">Title of Securities</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount To Be</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Offering Price Per</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Aggregate Offering</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount Of</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="left">To Be Registered</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Registered (1)(2)</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Share (3)</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Price (3)</TD>
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    <TD>&nbsp;</TD>
    <TD nowrap align="center">Registration Fee</TD>
    <TD width="1%">&nbsp;</TD>
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                    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, $.001
par value</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">1,068,951 shares</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">$1.26</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">$1,346,878</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">$144.12</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
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<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
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<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
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    <TD width="96"></TD>
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<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &#147;Securities
Act&#148;), this Registration Statement includes an indeterminate number of additional shares which
may be offered and issued to prevent dilution from stock splits, stock dividends or similar
transactions as provided in the Registrant&#146;s 2001 Stock Incentive Plan, which includes shares
authorized to be issued pursuant to the awards granted under the Registrant&#146;s 2001
Non-Employee Director Option Program (the &#147;2001 Plan&#148;).</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<TR>
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    <TD width="96"></TD>
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<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents additional shares of common stock that are available for issuance under the 2001
Plan as a result of the automatic &#147;evergreen&#148; provision contained in the 2001 Plan, An
aggregate of 4,000,000 shares of common stock available for issuance under the 2001 Plan were
registered on Registration Statement on Form S-8 filed on August&nbsp;3, 2001 (Registration No.
333-66716). An additional 974,528 shares of common stock available for issuance under the
2001 Plan were registered on Registration Statement on Form S-8 filed on January&nbsp;18, 2002
(Registration No.&nbsp;333-76972). An additional 987,382 shares of common stock available for
issuance under the 2001 Plan were registered on Registration Statement on Form S-8 filed on
February&nbsp;10, 2003 (Registration No.&nbsp;333-103065). An additional 2,500,000 shares of common
stock available for issuance under the 2001 Plan were registered on Registration Statement on
Form S-8 filed on September&nbsp;23, 2003 (Registration No.&nbsp;333-109060). An additional 1,015,008
shares of common stock available for issuance under the 2001 Plan were registered on
Registration Statement on Form S-8 filed July&nbsp;16, 2004 (Registration No.&nbsp;333-117401). An
additional 1,047,923 shares of common stock available for issuance under the 2001 Plan were
registered on Registration Statement on Form S-8 filed August&nbsp;8, 2005 (Registration No.
333-127302).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee, in accordance with Rule
457(h), on the basis of the price of securities of the same class, as determined in accordance
with Rule&nbsp;457(c), using the average of the high and low prices reported by the Nasdaq Capital
Market for the common stock on January&nbsp;27, 2006, which was $1.26 per share.</TD>
</TR>

</TABLE>



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<P align="center" style="font-size: 10pt">&nbsp;
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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TR><TD colspan="9"><A HREF="#000">PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;3. <U>Incorporation of Documents by Reference</U>.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;5. <U>Interests of Named Experts and Counsel.</U></A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;8. <U>Exhibits</U>.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;9. <U>Undertakings</U>.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#006">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="a16676exv5w1.htm">EXHIBIT 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a16676exv23w2.htm">EXHIBIT 23.2</A></TD></TR>
<TR><TD colspan="9"><A HREF="a16676exv23w3.htm">EXHIBIT 23.3</A></TD></TR>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to General Instruction E to Form S-8 under the Securities Act, this Registration
Statement is filed for the purpose of registering additional securities of the same class as those
registered under the currently effective Registration Statements on Form S-8 (Registration Nos.
333-66716, 333-76972, 333-103065, 333-109060, 333-117401 and 333-127302 ), relating to the
2001 Stock Incentive Plan (the &#147;2001 Plan&#148;) of MTI Technology Corporation (the &#147;Registrant&#148;), and
the contents of those Registration Statements, including any amendments thereto or filings
incorporated therein, are incorporated herein by this reference.
</DIV>
<!-- link1 "PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">PART II<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initially, an aggregate of 4,000,000 shares of common stock were available for grant or award
under the 2001 Plan, and such 4,000,000 shares were registered on the Registration Statement on
Form S-8 filed with the Securities and Exchange Commission on August&nbsp;3, 2001 (Registration No.
333-66716). On January&nbsp;1, 2002, the shares of common stock available for issuance under the 2001
Plan increased by 974,528 shares as a result of the automatic &#147;evergreen&#148; provision contained in
the 2001 Plan, and such increase was registered on the Registration Statement on Form S-8 filed
with the Securities and Exchange Commission on January&nbsp;18, 2002 (Registration No.&nbsp;333-76972). On
January&nbsp;1, 2003, the shares of common stock available for issuance under the 2001 Plan increased by
987,382 shares as a result of the automatic &#147;evergreen&#148; provision contained in the 2001 Plan, and
such increase was registered on the Registration Statement on Form S-8 filed with the Securities
and Exchange Commission on February&nbsp;10, 2003 (Registration No.&nbsp;333-103065). On June&nbsp;24, 2003,
MTI&#146;s Board of Directors approved an increase of 2,500,000 shares of common stock issuable under
the 2001 Plan and on August&nbsp;21, 2003, MTI&#146;s stockholders approved such increase at MTI&#146;s 2003
Annual Meeting of Stockholders. Such increase was registered on the Registration Statement on Form
S-8 filed with the Securities and Exchange Commission on September&nbsp;23, 2003 (Registration No.
333-109060). On January&nbsp;1, 2004, the shares of common stock available for issuance under the 2001
Plan increased by 1,015,008 shares as a result of the automatic &#147;evergreen&#148; provision contained in
the 2001 Plan, and such increase was registered on the Registration Statement on Form S-8 filed
with the Securities and Exchange Commission on July&nbsp;16, 2004 (Registration No.&nbsp;333-117401). On
January&nbsp;1, 2005, the shares of common stock available for issuance under the 2001 Plan increased by
1,047,923 shares as a result of the automatic &#147;evergreen&#148; provision contained in the 2001 Plan, and
such increase was registered on the Registration Statement on Form S-8 filed with the Securities
and Exchange Commission on August&nbsp;8, 2005 (Registration No.&nbsp;333-127302 ). On January&nbsp;1,
2006, the shares of common stock available for issuance under the 2001 Plan increased by 1,068,951
shares as a result of the automatic &#147;evergreen&#148; provision contained in the 2001 Plan. This
Registration Statement on Form S-8 covers such increase of 1,068,951 shares of common stock,
issuable under the 2001 Plan, bringing the total number of shares authorized thereunder to
11,593,792.
</DIV>
<!-- link2 "Item&nbsp;3. <U>Incorporation of Documents by Reference</U>." -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. <U>Incorporation of Documents by Reference</U>.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are hereby incorporated by reference into this Registration Statement the following
documents and information heretofore filed with the Securities and Exchange Commission:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended April&nbsp;2,
2005, filed on July&nbsp;18, 2005, as amended on Form 10-K/A filed on August&nbsp;1, 2005;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Quarterly Reports on Form 10-Q for the fiscal quarters ended
July&nbsp;2, 2005 and October&nbsp;1, 2005, filed on August&nbsp;16, 2005 and November&nbsp;15, 2005,
respectively;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Form&nbsp;12b-25 (NT 10-K) filed July&nbsp;5, 2005;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Current Reports on Form 8-K, filed on April&nbsp;6, 2005, May&nbsp;3,
2005, June&nbsp;1, 2005, June&nbsp;21, 2005, August&nbsp;8, 2005, August&nbsp;22, 2005, October&nbsp;19, 2005,
November&nbsp;3, 2005, November&nbsp;14, 2005 and November&nbsp;22, 2005;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Current Report on Form 8-K (exclusive of the information
included under Item&nbsp;2.02 and in Exhibit&nbsp;99.1 thereof) filed with the SEC on October&nbsp;12,
2005; and</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">3
</DIV>

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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of the Registrant&#146;s common stock that is contained in the
Registrant&#146;s Registration Statement on Form 8-A filed February&nbsp;15, 1994 under Section
12 of the Exchange Act, including any amendment or report filed for the purpose of
updating that description.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that
all securities offered have been sold or which deregisters all of such securities then remaining
unsold, shall be deemed to be incorporated herein by reference and to be a part hereof from the
date of filing of such documents, except as to any portion of any future annual or quarterly report
to stockholders or document that is not deemed filed under such provisions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the purposes of this registration statement, any statement in a document incorporated by
reference shall be deemed to be modified or superseded to the extent that a statement contained in
this registration statement modifies or supersedes a statement in such document. Any statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a
part of this Registration Statement.
</DIV>
<!-- link2 "Item&nbsp;5. <U>Interests of Named Experts and Counsel.</U>" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. <U>Interests of Named Experts and Counsel.</U></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant has agreed to indemnify and hold KPMG LLP harmless against and from any and all
legal costs and expenses incurred by KPMG LLP in successful defense of any legal action or
proceeding that arises as a result of KPMG LLP&#146;s consent to the incorporation by reference of its
audit report on the Registrant&#146;s past financial statements incorporated by reference in this
Registration Statement.
</DIV>
<!-- link2 "Item&nbsp;8. <U>Exhibits</U>." -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. <U>Exhibits</U>.</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>MTI Technology Corporation 2001 Stock Incentive Plan (incorporated by reference
to Appendix&nbsp;C of the Registrant&#146;s definitive Proxy Statement for its 2003 Annual
Meeting of Stockholders, filed July&nbsp;15, 2003).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Opinion of Morrison &#038; Foerster LLP.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">23.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Morrison &#038; Foerster LLP (included in Exhibit&nbsp;5.1).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">23.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Independent Registered Public Accounting Firm (Grant Thornton LLP).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">23.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Independent Registered Public Accounting Firm (KPMG LLP).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">24.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Power of Attorney (included on the signature page to the Registration Statement).</TD>
</TR>

</TABLE>
</DIV>
<!-- link2 "Item&nbsp;9. <U>Undertakings</U>." -->
<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. <U>Undertakings</U>.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;The undersigned Registrant hereby undertakes: (1)&nbsp;to file, during any period in which
offers or sales are being made, a post-effective amendment to this Registration Statement: (i)&nbsp;to
include any prospectus required by Section&nbsp;10(a)(3) of the 1933 Act, (ii)&nbsp;to reflect in the
prospectus any facts or events arising after the effective date of this Registration Statement (or
the most recent post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth in this Registration Statement and
(iii)&nbsp;to include any material information with respect to the plan of distribution not previously
disclosed in this Registration Statement or any material change to such information in this
Registration Statement; provided, however, that clauses (1)(i) and (1)(ii) shall not apply if the
information required to be included in a post-effective amendment by those paragraphs is contained
in periodic reports filed with or furnished to the SEC by the Registrant pursuant to Section&nbsp;13 or
Section 15(d) of the 1934 Act that are incorporated by reference in this Registration Statement;
(2)&nbsp;that for the purpose of determining any liability under the 1933 Act each such post-effective
amendment shall be deemed to be a new registration statement relating to the securities offered
therein and the offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof and (3)&nbsp;to remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of the offering.
</DIV>

<P align="center" style="font-size: 10pt">4
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the 1933 Act, each filing of the Registrant&#146;s annual report pursuant to Section
13(a) or Section 15(d) of the 1934 Act that is incorporated by reference in this Registration
Statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Insofar as indemnification for liabilities arising under the 1933 Act may be permitted to
directors, officers or controlling persons of the Registrant pursuant to the foregoing provisions,
or otherwise, the Registrant has been advised that, in the opinion of the Securities and Exchange
Commission, such indemnification is against public policy as expressed in the 1933 Act, and is,
therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the 1933 Act and will be governed by
the final adjudication of such issue.
</DIV>

<P align="center" style="font-size: 10pt">5
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="005"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Irvine, State of California, on the 27th day of January,
2006.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">MTI Technology Corporation<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/&nbsp;Scott Poteracki</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Scott Poteracki&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chief Financial Officer and Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We, the undersigned directors and officers of MTI Technology Corporation, do hereby make,
constitute and appoint Thomas P. Raimondi, Jr. and Scott Poteracki, and each of them acting
individually, our true and lawful attorneys-in-fact and agents, with power to act without any other
and with full power of substitution, to do any and all acts and things in our name and behalf in
our capacities as directors and officers, to sign any and all amendments (including post-effective
amendments) to this Registration Statement, or any related Registration Statement that is to be
effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and to
file the same, with exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that each of said attorneys-in-fact and
agents, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities and on the dates indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Thomas P. Raimondi Jr.
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Thomas P. Raimondi, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and Chief Executive
Officer (Principal Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">January&nbsp;27, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Scott Poteracki
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Scott Poteracki
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Financial Officer and Secretary
(Principal Financial Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">January&nbsp;27, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Todd Williams
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Todd Williams
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President and Corporate Controller
(Principal Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">January&nbsp;27, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Lawrence P. Begley
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Lawrence P. Begley
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">January&nbsp;27, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Franz L. Cristiani
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Franz L. Cristiani
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">January&nbsp;27, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;William Mustard
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
William Mustard
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">January&nbsp;27, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Michael Pehl
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Michael Pehl
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">January 27, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;John T. Repp
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
John T. Repp
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">January 27, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Kent D. Smith
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Kent D. Smith
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">January 27, 2006</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">6
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="006"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MTI Technology Corporation 2001 Stock Incentive Plan (incorporated by reference
to Appendix&nbsp;C of the Registrant&#146;s definitive Proxy Statement for its 2003 Annual
Meeting of Stockholders, filed July&nbsp;15, 2003).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Morrison &#038; Foerster LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Morrison &#038; Foerster LLP (included in Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm (Grant Thornton LLP).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm (KPMG LLP).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on the signature page to the Registration Statement).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">7
</DIV>

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MTI Technology Corporation
Table of Contents
As Filed With the Securities and Exchange Commission on January 31, 2006
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington. D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
MTI TECHNOLOGY CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
95-3601802
(I.R.S. Employer Identification No.)
17595 Cartwright Road, Irvine, California 92614
(Address of Principal Executive Offices)
2001 STOCK INCENTIVE PLAN
(Full title of the plan)
Thomas P. Raimondi, Jr.
Chairman, President and Chief Executive Officer
17595 Cartwright Road
Irvine, California 92614
(Name and address of agent for service)
(949) 251-1101
(Telephone number, including area code, of agent for service)
Copy to:
Tate Powell Tate, Esq.
Morrison & Foerster LLP
Twelfth Floor
19900 MacArthur Boulevard
Irvine, CA 92612
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Proposed Maximum
Title of Securities
Amount To Be
Offering Price Per
Aggregate Offering
Amount Of
To Be Registered
Registered (1)(2)
Share (3)
Price (3)
Registration Fee
Common Stock, $.001
par value
1,068,951 shares
$1.26
$1,346,878
$144.12
(1)
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities
Act"), this Registration Statement includes an indeterminate number of additional shares which
may be offered and issued to prevent dilution from stock splits, stock dividends or similar
transactions as provided in the Registrant's 2001 Stock Incentive Plan, which includes shares
authorized to be issued pursuant to the awards granted under the Registrant's 2001
Non-Employee Director Option Program (the "2001 Plan").
Table of Contents
(2)
Represents additional shares of common stock that are available for issuance under the 2001
Plan as a result of the automatic "evergreen" provision contained in the 2001 Plan, An
aggregate of 4,000,000 shares of common stock available for issuance under the 2001 Plan were
registered on Registration Statement on Form S-8 filed on August 3, 2001 (Registration No.
333-66716). An additional 974,528 shares of common stock available for issuance under the
2001 Plan were registered on Registration Statement on Form S-8 filed on January 18, 2002
(Registration No. 333-76972). An additional 987,382 shares of common stock available for
issuance under the 2001 Plan were registered on Registration Statement on Form S-8 filed on
February 10, 2003 (Registration No. 333-103065). An additional 2,500,000 shares of common
stock available for issuance under the 2001 Plan were registered on Registration Statement on
Form S-8 filed on September 23, 2003 (Registration No. 333-109060). An additional 1,015,008
shares of common stock available for issuance under the 2001 Plan were registered on
Registration Statement on Form S-8 filed July 16, 2004 (Registration No. 333-117401). An
additional 1,047,923 shares of common stock available for issuance under the 2001 Plan were
registered on Registration Statement on Form S-8 filed August 8, 2005 (Registration No.
333-127302).
(3)
Estimated solely for the purpose of calculating the registration fee, in accordance with Rule
457(h), on the basis of the price of securities of the same class, as determined in accordance
with Rule 457(c), using the average of the high and low prices reported by the Nasdaq Capital
Market for the common stock on January 27, 2006, which was $1.26 per share.
TABLE OF CONTENTS
PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference
.
Item 5.
Interests of Named Experts and Counsel.
Item 8.
Exhibits
.
Item 9.
Undertakings
.
SIGNATURES
EXHIBIT INDEX
EXHIBIT 5.1
EXHIBIT 23.2
EXHIBIT 23.3
Table of Contents
Pursuant to General Instruction E to Form S-8 under the Securities Act, this Registration
Statement is filed for the purpose of registering additional securities of the same class as those
registered under the currently effective Registration Statements on Form S-8 (Registration Nos.
333-66716, 333-76972, 333-103065, 333-109060, 333-117401 and 333-127302 ), relating to the
2001 Stock Incentive Plan (the "2001 Plan") of MTI Technology Corporation (the "Registrant"), and
the contents of those Registration Statements, including any amendments thereto or filings
incorporated therein, are incorporated herein by this reference.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Initially, an aggregate of 4,000,000 shares of common stock were available for grant or award
under the 2001 Plan, and such 4,000,000 shares were registered on the Registration Statement on
Form S-8 filed with the Securities and Exchange Commission on August 3, 2001 (Registration No.
333-66716). On January 1, 2002, the shares of common stock available for issuance under the 2001
Plan increased by 974,528 shares as a result of the automatic "evergreen" provision contained in
the 2001 Plan, and such increase was registered on the Registration Statement on Form S-8 filed
with the Securities and Exchange Commission on January 18, 2002 (Registration No. 333-76972). On
January 1, 2003, the shares of common stock available for issuance under the 2001 Plan increased by
987,382 shares as a result of the automatic "evergreen" provision contained in the 2001 Plan, and
such increase was registered on the Registration Statement on Form S-8 filed with the Securities
and Exchange Commission on February 10, 2003 (Registration No. 333-103065). On June 24, 2003,
MTI's Board of Directors approved an increase of 2,500,000 shares of common stock issuable under
the 2001 Plan and on August 21, 2003, MTI's stockholders approved such increase at MTI's 2003
Annual Meeting of Stockholders. Such increase was registered on the Registration Statement on Form
S-8 filed with the Securities and Exchange Commission on September 23, 2003 (Registration No.
333-109060). On January 1, 2004, the shares of common stock available for issuance under the 2001
Plan increased by 1,015,008 shares as a result of the automatic "evergreen" provision contained in
the 2001 Plan, and such increase was registered on the Registration Statement on Form S-8 filed
with the Securities and Exchange Commission on July 16, 2004 (Registration No. 333-117401). On
January 1, 2005, the shares of common stock available for issuance under the 2001 Plan increased by
1,047,923 shares as a result of the automatic "evergreen" provision contained in the 2001 Plan, and
such increase was registered on the Registration Statement on Form S-8 filed with the Securities
and Exchange Commission on August 8, 2005 (Registration No. 333-127302 ). On January 1,
2006, the shares of common stock available for issuance under the 2001 Plan increased by 1,068,951
shares as a result of the automatic "evergreen" provision contained in the 2001 Plan. This
Registration Statement on Form S-8 covers such increase of 1,068,951 shares of common stock,
issuable under the 2001 Plan, bringing the total number of shares authorized thereunder to
11,593,792.
Item 3.
Incorporation of Documents by Reference
.
There are hereby incorporated by reference into this Registration Statement the following
documents and information heretofore filed with the Securities and Exchange Commission:
(a)
The Registrant's Annual Report on Form 10-K for the fiscal year ended April 2,
2005, filed on July 18, 2005, as amended on Form 10-K/A filed on August 1, 2005;
(b)
The Registrant's Quarterly Reports on Form 10-Q for the fiscal quarters ended
July 2, 2005 and October 1, 2005, filed on August 16, 2005 and November 15, 2005,
respectively;
(c)
The Registrant's Form 12b-25 (NT 10-K) filed July 5, 2005;
(d)
The Registrant's Current Reports on Form 8-K, filed on April 6, 2005, May 3,
2005, June 1, 2005, June 21, 2005, August 8, 2005, August 22, 2005, October 19, 2005,
November 3, 2005, November 14, 2005 and November 22, 2005;
(e)
The Registrant's Current Report on Form 8-K (exclusive of the information
included under Item 2.02 and in Exhibit 99.1 thereof) filed with the SEC on October 12,
2005; and
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(f)
The description of the Registrant's common stock that is contained in the
Registrant's Registration Statement on Form 8-A filed February 15, 1994 under Section
12 of the Exchange Act, including any amendment or report filed for the purpose of
updating that description.
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that
all securities offered have been sold or which deregisters all of such securities then remaining
unsold, shall be deemed to be incorporated herein by reference and to be a part hereof from the
date of filing of such documents, except as to any portion of any future annual or quarterly report
to stockholders or document that is not deemed filed under such provisions.
For the purposes of this registration statement, any statement in a document incorporated by
reference shall be deemed to be modified or superseded to the extent that a statement contained in
this registration statement modifies or supersedes a statement in such document. Any statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a
part of this Registration Statement.
Item 5.
Interests of Named Experts and Counsel.
The Registrant has agreed to indemnify and hold KPMG LLP harmless against and from any and all
legal costs and expenses incurred by KPMG LLP in successful defense of any legal action or
proceeding that arises as a result of KPMG LLP's consent to the incorporation by reference of its
audit report on the Registrant's past financial statements incorporated by reference in this
Registration Statement.
Item 8.
Exhibits
.
4.1.
MTI Technology Corporation 2001 Stock Incentive Plan (incorporated by reference
to Appendix C of the Registrant's definitive Proxy Statement for its 2003 Annual
Meeting of Stockholders, filed July 15, 2003).
5.1
Opinion of Morrison & Foerster LLP.
23.1
Consent of Morrison & Foerster LLP (included in Exhibit 5.1).
23.2
Consent of Independent Registered Public Accounting Firm (Grant Thornton LLP).
23.3
Consent of Independent Registered Public Accounting Firm (KPMG LLP).
24.1
Power of Attorney (included on the signature page to the Registration Statement).
Item 9.
Undertakings
.
A. The undersigned Registrant hereby undertakes: (1) to file, during any period in which
offers or sales are being made, a post-effective amendment to this Registration Statement: (i) to
include any prospectus required by Section 10(a)(3) of the 1933 Act, (ii) to reflect in the
prospectus any facts or events arising after the effective date of this Registration Statement (or
the most recent post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth in this Registration Statement and
(iii) to include any material information with respect to the plan of distribution not previously
disclosed in this Registration Statement or any material change to such information in this
Registration Statement; provided, however, that clauses (1)(i) and (1)(ii) shall not apply if the
information required to be included in a post-effective amendment by those paragraphs is contained
in periodic reports filed with or furnished to the SEC by the Registrant pursuant to Section 13 or
Section 15(d) of the 1934 Act that are incorporated by reference in this Registration Statement;
(2) that for the purpose of determining any liability under the 1933 Act each such post-effective
amendment shall be deemed to be a new registration statement relating to the securities offered
therein and the offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof and (3) to remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of the offering.
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B. The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the 1933 Act, each filing of the Registrant's annual report pursuant to Section
13(a) or Section 15(d) of the 1934 Act that is incorporated by reference in this Registration
Statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
C. Insofar as indemnification for liabilities arising under the 1933 Act may be permitted to
directors, officers or controlling persons of the Registrant pursuant to the foregoing provisions,
or otherwise, the Registrant has been advised that, in the opinion of the Securities and Exchange
Commission, such indemnification is against public policy as expressed in the 1933 Act, and is,
therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the 1933 Act and will be governed by
the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Irvine, State of California, on the 27th day of January,
2006.
MTI Technology Corporation
By:
/s/ Scott Poteracki
Scott Poteracki
Chief Financial Officer and Secretary
POWER OF ATTORNEY
We, the undersigned directors and officers of MTI Technology Corporation, do hereby make,
constitute and appoint Thomas P. Raimondi, Jr. and Scott Poteracki, and each of them acting
individually, our true and lawful attorneys-in-fact and agents, with power to act without any other
and with full power of substitution, to do any and all acts and things in our name and behalf in
our capacities as directors and officers, to sign any and all amendments (including post-effective
amendments) to this Registration Statement, or any related Registration Statement that is to be
effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and to
file the same, with exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that each of said attorneys-in-fact and
agents, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Thomas P. Raimondi Jr.
Thomas P. Raimondi, Jr.
Chairman, President and Chief Executive
Officer (Principal Executive Officer)
January 27, 2006
/s/ Scott Poteracki
Scott Poteracki
Chief Financial Officer and Secretary
(Principal Financial Officer)
January 27, 2006
/s/ Todd Williams
Todd Williams
Vice President and Corporate Controller
(Principal Accounting Officer)
January 27, 2006
/s/ Lawrence P. Begley
Lawrence P. Begley
Director
January 27, 2006
/s/ Franz L. Cristiani
Franz L. Cristiani
Director
January 27, 2006
/s/ William Mustard
William Mustard
Director
January 27, 2006
/s/ Michael Pehl
Michael Pehl
Director
January 27, 2006
/s/ John T. Repp
John T. Repp
Director
January 27, 2006
/s/ Kent D. Smith
Kent D. Smith
Director
January 27, 2006
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EXHIBIT INDEX
Exhibit
Number
Description
4.1
MTI Technology Corporation 2001 Stock Incentive Plan (incorporated by reference
to Appendix C of the Registrant's definitive Proxy Statement for its 2003 Annual
Meeting of Stockholders, filed July 15, 2003).
5.1
Opinion of Morrison & Foerster LLP.
23.1
Consent of Morrison & Foerster LLP (included in Exhibit 5.1).
23.2
Consent of Independent Registered Public Accounting Firm (Grant Thornton LLP).
23.3
Consent of Independent Registered Public Accounting Firm (KPMG LLP).
24.1
Power of Attorney (included on the signature page to the Registration Statement).
7