SCHEDULE 14A INFORMATION

          PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
                    EXCHANGE ACT OF 1934 (AMENDMENT NO.   )

Filed by the Registrant [X]

Filed by a Party other than the Registrant [ ]

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[ ]  Preliminary Proxy Statement
[ ]  Confidential, for Use of the Commission Only
     (as permitted by Rule 14a-6(e)(2))
[X]  Definitive Proxy Statement
[ ]  Definitive Additional Materials
[ ]  Soliciting Material Pursuant to Section 240.14a-12


                             MPM TECHNOLOGIES, INC.
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                (Name of Registrant as Specified In Its Charter)

- --------------------------------------------------------------------------------
      (Name of Person(s) Filing Proxy Statement, if other than Registrant)

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[ ]  Fee paid previously with preliminary materials.

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                             MPM TECHNOLOGIES, INC.
                             NOTICE TO SHAREHOLDERS
                                       OF
                         SPECIAL MEETING OF SHAREHOLDERS

TO: The Shareholders of MPM Technologies Inc.

NOTICE IS HEREBY GIVEN that a Special Meeting of Stockholders of MPM
Technologies Inc., will be held at 339 Jefferson Road Parsippany, NJ, on August
2, 2002 at 9:00 AM local time, for the following purposes:

1.       To consider and vote upon the purchase of Mariners Haven.
2.       To consider and vote upon the issuance of shares pursuant to the
         Convertible Promissory Note between the Company and Michael J. Luciano,
         Chairman and CEO.
3.       To consider and vote upon the issuance of shares in exchange for debt
         owed Michael J. Luciano, Chairman and CEO.
4.       To consider and act upon any other matters which may properly come
         before the meeting.

MPM Shareholders of record at the close of business on July 11, 2002 will be
entitled to vote.

DATED: July 16, 2002

By Order of the Board of Directors,

/s/ Robert D. Little

Robert D. Little
Corporate Secretary

YOUR VOTE IS VERY IMPORTANT. IT IS REQUESTED THAT YOU COMPLETE AND SIGN THE
ENCLOSED PROXY AND MAIL IT PROMPTLY IN THE RETURN ENVELOPE PROVIDED. SHARES
CANNOT BE VOTED AT THE MEETING UNLESS THE OWNER IS PRESENT TO VOTE OR IS
REPRESENTED BY PROXY.

                           PROXY STATEMENT RELATING TO
                         SPECIAL MEETING OF SHAREHOLDERS

INTRODUCTION

This Proxy Statement is being furnished by the Board of Directors of MPM
Technologies Inc., ("MPM" or the "Company") a Washington corporation, to holders
of shares of the Company's $0.01 par value Common Stock, (the "Common Stock") in
connection with the solicitation by the Board of Directors of Proxies to be
voted at the Special Meeting of Shareholders of the Company to be held, on
August 2, 2002 at 9:00 AM local time and any adjournment or adjournments
thereof, (the "MPM Special Meeting") for the purpose set forth in the
accompanying Notice of Special Shareholders Meeting. The MPM Special
Shareholders Meeting will be held at 339 Jefferson Road for the purpose set
forth in the accompanying Notice of Special Meeting of Shareholders Meeting.
This Proxy Statement is first being mailed to shareholders on or about July 16,
2002.

PURPOSE OF MPM SPECIAL SHAREHOLDERS MEETING

MAINTAIN NASDAQ SMALLCAP MARKET LISTING

On June 11, 2002, the Company received a Nasdaq Staff Determination indicating
that the Company did not comply with the minimum $2.0 million net tangible
assets or the minimum $2.5 million stockholder's equity requirement for
continued listing. Marketplace Rule 4310(c)(2)(B) states that for continued
inclusion, the issuer shall maintain (i) stockholders' equity of $2.0 million
($2.5 million as of November 1, 2002); (ii) market capitalization of $35
million; or (iii) net income from continuing operation of $500,000 in the most
recently completed fiscal year or two of the last three most recently completed
fiscal years.

Nasdaq Marketplace Rule 4815(b) requires that the Company, as promptly as
possible but no later than seven calendar days from the receipt of the Staff's
determination, make a public announcement disclosing MPM's receipt of
determination letter, and, in part, to avoid delisting. The Company's securities
were subject to delisting for the Nasdaq SmallCap Market at the opening of
business on June 18, 2002. This has been stayed as a result of MPM's request for
a hearing before the Nasdaq Listing Qualifications Panel to review the Staff
Determination pursuant to the procedures set fourth in the Nasdaq Marketplace
Rule 4800 Series. While there can be no assurance the Panel will grant the
Company's request for continued listing, the Company's securities will continue
to trade on the Nasdaq SmallCap Market at least until such time as the Panel
arrives at its decision.

Management has taken the necessary steps to bring the Company into compliance.
Those steps are being presented to the shareholders for approval.

                     VOTING AT SPECIAL SHAREHOLDERS MEETING

RECORD DATE. The Board of Directors of MPM has fixed the close of business on
July 11, 2002, as the record date for the purpose of determining shareholders of
MPM entitled to notice of and to vote at the Special Shareholders Meeting. At
the close of business on that date, MPM had 3,021,917 shares of Common Stock
outstanding. A majority of such shares constitute a quorum for the transaction
of business at the Special Shareholders Meeting. Proxies which are submitted but
are not voted FOR or AGAINST (because of abstention, broker non-votes, or
otherwise) will be treated as present for all matters considered at the meeting.

SOLICITATION OF PROXIES. The accompanying Proxies are solicited on behalf of the
Board of Directors of MPM, and the cost of solicitation will be borne by the
Company. Following the original mailing of the Proxies and soliciting materials,
directors, officers and employees of MPM may solicit proxies by mail, telephone,
telegraph, or personal interviews. MPM may request brokers, custodians, nominees
and other record holders to forward copies of the respective proxies and
soliciting materials to persons for whom they hold shares of MPM and to request
authority for the exercise of proxies. In such cases MPM will reimburse such
holders for their reasonable expenses.

REVOCATION OF PROXY. Any proxy delivered in the accompanying form may be revoked
by the person executing the proxy by giving written notice to that effect
received by the Secretary of MPM at any time before the authority thereby
granted is exercised, by execution of proxy bearing a later date presented at
the meeting, or by attendance of such person at the Special Shareholders
Meeting.

HOW PROXIES WILL BE VOTED. Proxies received by the MPM Board of Directors in the
accompanying form will be voted at the Special Shareholders Meeting as specified
therein by the person giving the proxy. If no specification is made with respect
to the matters to be voted upon at the meeting, the shares represented by such
proxy will be voted, FOR the purchase of Mariners Haven, Rexford, Montana; FOR
the approval to issue shares pursuant to the Convertible Promissory Note
agreement with Michael J. Luciano, Chairman and CEO and FOR the issuance of
common shares in exchange for $300,000 debt owed Michael J. Luciano.

All shares represented by valid proxy will be voted at the discretion of the
proxy holders on any other matters that may properly come before the respective
Special Shareholders Meeting. However, the Board of Directors does not know of
any matters to be considered at the meeting other than those specified in the
Notice of Meeting.

1.       VOTING POWER. Shareholders of the Common Stock of MPM are entitled to
         one vote for each share held.

2.       MPM PRINCIPAL SHAREHOLDERS. There are 604 shareholders of record and
         the Company estimates that there are approximately 2,000 beneficial
         shareholders. The

         following table sets forth the identity of the beneficial owners of
         more than five percent (5%) of the outstanding shares of MPM Common
         Stock as of the date hereof:



Shareholder                 Common Stock Owned        Percentage of Outstanding
- -----------                 ------------------        -------------------------
                                                
Michael J. Luciano          352,020  [1]                       11.65
Richard E. Appleby          221,155                             6.06
Daniel D. Smozanek          152,257                             5.03


[1]  Does not include 396,509 shares of the Company's outstanding stock owned by
     a trust for which Mr. Luciano is the Trustee.

3.       REQUIRED APPROVALS

MPM DIRECTORS' APPROVAL. On June 24, 2002, the Directors unanimously adopted
resolutions to 1) purchase Mariners Haven for $3,000,000 in common shares of the
Company, 2) issue shares pursuant to the Convertible Promissory Note between the
Company and Michael J. Luciano and 3) issue shares to Michael J. Luciano in
exchange for $300,000 in debt at market price. Market price will be figured on
the average price of the stock for the five days prior to exchange as reported
on The Nasdaq Stock Market.

Mr. Luciano, Chairman and CEO abstained from voting on issues 1, 2 and 3. Mr.
Appleby, Vice President and Director abstained from voting on issue 1.

MPM SHAREHOLDER APPROVAL. The purchase of Mariners Haven, the approval to issue
shares of common stock to Michael J. Luciano pursuant to the Convertible
Promissory Note and the approval to issue shares to Michael J. Luciano in
exchange for $300,000 in debt, are being submitted to the shareholders of MPM
for their approval in accordance with the provisions of the Company's Articles
of Incorporation at a Special Shareholders Meeting to be held on August 2, 2002.
Approval requires the affirmative vote of holders of not less than 50% of the
total number of shares available to be voted.

Mr. Luciano, Chairman and CEO, will abstain from voting his common shares and
shares owned by JFLI Trust in which he is Trustee on all issues. Mr. Appleby,
Vice President and Director, will abstain from voting his common shares on issue
1.

4.   TRANSFER AGENT. Computershare Trust Company, P.O. Box 1596, Denver, CO
     80201 (Tel: 303 262-0600) is the transfer agent and registrar for the
     Company.

MATTERS TO BE SUBMITTED TO SHAREHOLDERS

The Company has entered into an agreement to purchase Mariners Haven a
recreational property from Richard E. Appleby, Vice President and Director and
officer and JFLI Trust of which Michael J. Luciano, MPM Chairman and CEO is
Trustee.

A new concept in recreation, Mariners Haven located on Lake Koocanusa near
Rexford, Montana, has 182 lots in pods, R.V. parking, cabins, boat docks, boat
rentals and storage

and a full service store. The property's appraised value is
approximately $3.5 million. The Company has agreed to purchase the property for
$3 million in common stock.

Management believes the purchase of this property will increase Company value
and help meet Nasdaq requirements necessary for continued listing.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR APPROVAL OF THIS PROPOSAL.

On September 19, 2001, MPM and Michael J. Luciano, Company Chairman and CEO,
entered into a $600,000 Convertible Promissory Note. The note being convertible
at a 40% discount to the average trading price per share for the five days prior
to the date of conversion. As such, Nasdaq has determined that the note is a
"Future Priced Security." Subsequently, on March 4, 2002, Mr. Luciano converted
$500,000 of the note at a 40% discount to the then current market price of $2.80
per share, or $1.68 per share. This conversion resulted in the issuance of
297,619 shares or 9.8% of the common shares outstanding. Since MPM issued these
shares without first obtaining shareholder approval, it did not comply with
Marketplace Rules 4350(i)(1)(A). In addition, since the note is a Future Priced
Security and the potential issuance of shares could exceed 20%, shareholder
approval would also be required by Marketplace Rule 4350(i)(1)(D) which requires
a company to obtain shareholder approval prior to issuance, or potential
issuance, of stock equal to 20% or more of total shares outstanding at a
discount. Upon notification from Nasdaq of this violation of Marketplace Rules,
the Company instructed the transfer agent to retire the issued shares.

The Company believes this reduction in debt is necessary to retain the Nasdaq
listing.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR APPROVAL OF THIS PROPOSAL.

The Company currently owes Michael J. Luciano, Chairman and CEO $300,000. Mr.
Luciano has agreed to exchange this debt for common shares of the Company at
market price. Market price will be calculated at the average trading price for
the five days prior to exchange.

The Company believes this reduction in debt is necessary to retain the Nasdaq
listing.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR APPROVAL OF THIS PROPOSAL.

                                      PROXY

                             MPM TECHNOLOGIES, INC.
                    339 JEFFERSON ROAD, PARSIPPANY, NJ 07054

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Glen Hjort and Robert D. Little, or each of
them, each with the power to appoint his substitute, and hereby authorizes them
to represent and to vote, as designated below, all the shares of Common Stock of
MPM Technologies, Inc. held of record by the undersigned on July 11, 2002, at
the Special Meeting of Shareholders to be held on August 2, 2002.

1.   Approval to issue $3 million in common shares to purchase Mariners Haven

     FOR___          AGAINST___     ABSTAIN____


2.   Approval to issue shares pursuant to terms in the Convertible Promissory
     Note

     FOR___           AGAINST___    ABSTAIN____

3.   Approval to issue common shares to Michael J. Luciano in exchange for
     $300,000 in debt.

     FOR___           AGAINST___    ABSTAIN____

This proxy, when properly executed, will be voted in the manner directed herein
by the undersigned shareholder. If no direction is made, this proxy will be
voted FOR Proposals.

Please sign exactly as name appears below. When joint tenants hold shares, both
should sign. When signing as attorney, executor, administrator, trustee, or
guardian, please give full title as such. If a corporation, please sign in full
corporate name by President or other authorized officer. If a partnership,
please sign in partnership name by authorized person.

DATED:____________, 2002.

PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED
ENVELOPE.

                                                 -------------------------------
                                                 Signature

                                                 -------------------------------
                                                 Signature if held jointly