Los Angeles, CA-- October 24, 2006—Material Technologies, Inc. (OTC BB; MTNA.OB - News) ("MATECH"), announced that it has received its second contract for non-destructive testing of four bridges in Utah. This follows closely the contract received from the state of Pennsylvania’s Department of Transportation that was announced on October 3rd. MATECH will use its Electrochemical Fatigue Sensor(TM) (EFS) for special inspections of these structures.
The effort will be under the auspices of the engineering consulting firm HDR, Inc., contracted by The Utah Department of Transportation, to perform a fatigue crack inspection of several important bridges in northern Utah. HDR’s contract was supplemented to include the application and evaluation of MATECH's EFS inspection method. The contracted effort includes the inspection of three bridges with suspected fatigue cracks and one bridge that had been damaged because of an overheight vehicle impact.
MATECH's Electrochemical Fatigue Sensor (EFS) technology will be engaged to locate growing cracks in the bridges, including cracks below the surface. It is capable of finding fatigue cracks as small as 0.01 inches. This critical information will allow the State's bridge engineers to efficiently repair the specific bridges in most need of restoration. Using EFS, the engineers will also be able to verify that repairs are effective in halting further fatigue crack growth. Being able to prioritize needed repairs, the State is expected to realize significant cost savings.
MATECH has recently received a great deal of interest from federal and state agencies, following the passage of the $286 billion Federal Transportation Bill, which included funds to help states evaluate nondestructive methods such as EFS to test growing fatigue cracks in steel bridges.
MATECH CEO Robert M. Bernstein commented: "We are extremely pleased to receive this second commercial inspection contract from the Utah DOT, especially after our announcement on October 3rd about the State of Pennsylvania agreement. It’s exciting to see 10 years of diligent research finally resulting in the success of commercial contracts. I am confident that the EFS will help these States detect growing cracks in their steel bridges, greatly increasing their transportation infrastructure safety, and by prioritizing repairs, save substantial maintenance funds."
About Material Technologies, Inc. (MTNA.OB)
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 non-destructive testing technology able to find growing cracks as minute as 0.01 inches—critical information that allows structural engineers to isolate and repair the more than 100,000 steel bridges in the U.S. which have been classified as structurally deficient or functionally obsolete by the Federal Highway Administration. 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.
To hear more about MTNA from CEO/President Robert M. Bernstein go to:
http://www.publiccoreport.net/featured/MTNA/company.asp
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 |
