Los Angeles, CA - October 16, 2007
--Material Technologies Inc. (OTCBB:
MTTG -News),
an engineering and product/service company specializing in
technologies that monitor and measure metal fatigue, today
announced that it has appointed Brent M. Phares, Ph.D., as
its Chief Engineer. Dr. Phares has been acting in that role
for the past four months, and has been associated with the
company for the past several years. His naming as the Chief
Engineer is part of Material Technologies' ramping-up effort
to meet the rising demand from bridge owners for its electrochemical
fatigue sensor (EFS) technology.
Dr. Phares has over 15 years of management, inspection, research,
and testing experience related to bridge structures. He is
currently the Associate Director for Bridges and Structures
at Iowa State University. In that position, he has been responsible
for the development and deployment of innovative bridge evaluation
techniques and for the development of applications for innovative
materials in bridge engineering. He also holds a position of
adjunct assistant professor in the university's Department
of Civil, Construction and Environmental Engineering. He earned
his Ph.D. in Civil Engineering from Iowa State in 1998.
Dr. Phares has served as a consulting research engineer at the
Federal Highway Administration's Nondestructive Evaluation Validation
Center, where he led the execution of several validation and
developmental studies. He also has served as president and CEO
of a small engineering firm specializing in the evaluation of
civil infrastructure based on innovative sensors and monitoring
strategies. He is a registered professional engineer in several
states and serves as a voting member of many national and international
technical committees.
"It is a welcome addition to have Brent Phares join us
in the position of Chief Engineer," said Robert M. Bernstein,
Material Technologies' Chairman and CEO. "Brent's experience
and passion for his work are vital for the advancement of Material
Technologies. We already have benefited greatly from his association
with our company, and we expect him to play an even more important
role here as a full-fledged member of our top management team."
About Material Technologies (MTTG.OB)
Material Technologies Inc., also known as MATECH, was founded
in 1983 and is based in Los Angeles. It is an engineering, research
and development company that specializes in technologies to measure
microscopic fractures in metal structures and to monitor metal
fatigue. The Company 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.
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.
1.310.208.5589
matech@matechcorp.com
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