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Material
Technologies, Inc. (OTCBB: MTTG)
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Dear Reader,
With leading market pundits like Jim Cramer (host of CNBC's Mad Money) continuing to shine a positive light on the future infrastructure companies
and their equities, smallcap investors are searching the investment landscape
for the next big winner. But how can one equity rise above the rest
and how can we identify those with real potential to thrive?
What can often indicate that a company indeed has the 'goods' is third-party
validation. For example, Material Technologies, Inc. (OTCBB: MTTG) just announced that its Electrochemical Fatigue Sensor (EFS) System
was utilized by CalTrans to inspect a fracture critical bridge located
in West Sacramento, CA (See NEWS below)
Also see our full MTTG profile HERE
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Breaking NEWS from Material Technologies, Inc. |
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Press Release Source:
Material Technologies, Inc.
Tuesday January
22, 8:00 am ET
Material Technologies, Inc. Inspects
Fracture Critical Bridge in West Sacramento, CA
With Their Electrochemical Fatigue
Sensor System
LOS ANGELES, Jan.
22 /PRNewswire-FirstCall/ -- Material Technologies, Inc. (OTC Bulletin
Board: MTTG - News; MATECH),
Los Angeles, CA provided inspection services to CalTrans using their patented
Electrochemical Fatigue Sensor (EFS) System. The inspected structure is
a fracture critical bridge located in West Sacramento, CA that has been
repaired and retrofitted. Inspection results are being used to determine
which of the existing cracks are growing, if there are other locations
which contain cracks previously undocumented, and whether the repairs and
retrofits installed on the bridge are working properly, that is, not exhibiting
any crack growth. This information can be used to prioritize repair funds
as well as verify the efficacy of those repairs and repair methods.
The inspection was completed
on December 12, 2007, with a dozen CalTrans representatives present. Results
will be presented to officials to determine further uses of EFS across
the state.
Robert M. Bernstein,
MATECH's CEO, says, "MATECH continues to provide DOT's (state departments
of transportation) with invaluable information never available before.
More and more DOT's are becoming familiar with the technology and requesting
inspections. They are using the inspection results to make better bridge
management decisions."
About Material Technologies,
Inc.
MATECH is an engineering,
research and development company specializing in technologies to measure
microscopic fractures and flaws in metal structures and monitor metal fatigue
in real time. The company's leading edge metal fatigue detection, measurement
and monitoring solutions can accurately test the integrity of metal structures
and equipment including bridges, railroads, airplanes, ships, cranes, power
plants, mining equipment, piping systems and heavy iron.
MATECH owns the only
nondestructive testing technology able to find growing cracks as minute
as 0.01 inches. MATECH has exclusive rights to seven patents along with
$8.3 million in already completed contracts from the US Government for
research, testing and validation of its innovative solutions.
Forward-Looking Statements:
Except for the historical
information contained herein, the matters discussed in this press release
are forward-looking statements. Such statements are indicated by words
or phrases such as "believe," "will," "breakthrough," "significant," "indicated,"
"feel," "revolutionary," "should," "ideal," "extremely" and "excited."
These statements are made under "Safe Harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
from those described in forward-looking statements and are subject to risks
and uncertainties. See the Company's filings with the Securities and Exchange
Commission including, without limitation, the Company's recent Form 10-K
and Form 10-Qs, which identify specific factors that may cause actual results
or events to differ materially from those described in the forward-looking
statements.
Contact: Robert M. Bernstein,
Material Technologies, Inc., 11661 San Vicente Blvd, Los Angeles, CA 90049
310/208-5589; matech@matechcorp.com http://www.matechcorp.com
Source: Material
Technologies, Inc.
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About Material Technologies, Inc. |
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Material Technologies Inc., ("MATECH" "MTTG") was founded in 1983 and is an engineering, research and development company
that specializes in technologies to measure microscopic fractures in metal
structures and to monitor metal fatigue. Matech has already completed significant
work for the federal government generating $8.3 million to develop technology
to detect metal fatigue in aircraft. It has also received $5 million
in private investments. Building on that base of experience and capital,
it is now beginning to market its technologies to companies and
government agencies involved in the inspection of metal
highway and railroad
bridges.
BRIDGES COME IN ALL SHAPES AND
SIZES WITH ONE THING IN COMMON SUPPORT
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Click on this LINK to view an interview with Matech CEO Robert Bernstein
on Fox News with Bill O'Riley
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Other Recent NEWS from Matech |
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Press Release
Source: Material Technologies Inc.
Friday January
18, 8:00 am ET
Material Technologies' Electrochemical
Fatigue Sensor Finds Growing Cracks in Steel Bridges: A New Technology
to Evaluate the Health and Safety of Bridge Structures
LOS ANGELES, Jan.
18 /PRNewswire-FirstCall/ -- A lead article in the magazine ADVANCED MATERIALS & PROCESSES of
November 2007 describes the Electrochemical Fatigue Sensor (EFS) as a nondestructive
crack inspection technology developed by Material Technologies Inc. (OTC
Bulletin Board: MTTG - News; MATECH), Los Angeles, Calif. EFS can determine
if actively growing fatigue cracks are present in a bridge or other metal
structures subjected to cyclic loadings.
The article describes
the EFS system, which consists of a differential EFS sensor array, data
collection hardware and data interpretation software. EFS is the only nondestructive
field-testing device able to find growing cracks in bridge structural members
as small as 0.01 inches in length. This is critical information that allows
structural engineers to isolate problems and repair steel bridges.
Bridge inspections are
mostly visual, often done by inspectors using binoculars from a distance.
This is not an adequate means of inspection, since 90 percent or more of
the fatigue cracks are completely missed with visual inspection alone,
according to the Federal Highway Administration. The fifty states of the
US as a whole have 190,000 metal bridges, with 39,000 structurally deficient
and 35,000 functionally obsolete.
MATECH's EFS is being
used by states in three different ways -- as a means of prioritizing already
limited repair and rehabilitation funds, as a traditional inspection tool
since EFS finds cracks smaller than other technologies which leads to less
expensive repairs, and as a repair/retrofit verification device.
Robert M. Bernstein,
MATECH's CEO, says, "MATECH has performed more than twenty-five inspections
on highway and railroad bridges around the country, and we have every confidence
that our EFS can save significant repair and rehabilitation dollars by
its timely use, as well as avoiding lane and bridge closures which can
have a devastating effect on the regional economy, not to mention avoiding
potential tragedies of bridge failures."
The full article in ADVANCES
MATERIALS & PROCESSES can be found at http://www.matechcorp.com/news_articles/AMP.pdf
View the entire news release HERE
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Financial Highlights |
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Recent Trade: $0.58
52 Wk Range: $0.39 - $2.68
Avg Vol (3m): 87,300
Shares O/S: 133M (approx)
Market Cap: $109.4M
Sector: Technology - Industry: Scientific & Technical
Instruments
MTTG is a fully reporting compnay. To view the company's
SEC filings, click
here
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To Contact Material Technologies, Inc. |
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Material Technologies,
Inc.
11661 San
Vicente Boulevard, Suite 707, Los Angeles, CA 90049
Phone: 310-208-5589
- Fax: 310-473-3177
Web Site: http://www.matechcorp.com
Robert Bernstein, President,
CEO and Chairman of the Board
310-208-5589 - matech@matechcorp.com
Media and Investors
The Investor Relations Group, Inc.
Bill Douglass / Mike Graff / Michaela
Heller
212-825-3210
bdouglass@investorrelationsgroup.com
mgraff@investorrelationsgroup.com
mheller@investorrelationsgroup.com
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performance is no guarantee of future results. This report is a paid advertisement
and is for information purposes only and should not be used as the basis
for any investment decision. MP has been granted
two hundred forty thousand restricted shares of MTTG by Material Technologies
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