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MTechnology, Inc. (MTech) has been applying the science of Probabilistic Risk Assessment (PRA) to the problem of high-availability electric power suitable for computers, Internet industries, and other mission-critical facilities since 1996. MTech was founded by Dr. Bruce Montgomery, a member of the National Academy of Engineering and designer of world-record holding electromagnets, upon his retirement from MIT. Steve Fairfax joined the firm in 1997 after several years work with Failure Analysis Associates, the nation's largest consulting firm specializing in the analysis of technical failures. Steve and Bruce had previously worked together for over 20 years in nuclear fusion energy research at MIT. Steve was chief engineer for the Alcator C-MOD fusion reactor, and Bruce the primary magnet designer for all three generations of Alcator high magnetic field tokamaks built at MIT.