Los Angeles, CA - November 13, 2006 - PRNewswire-FirstCall via COMTEX/ -- Material Technologies, Inc. (OTC BB; MTTG.OB - News) ("MATECH" or "the Company"), announced that it has signed a contract to inspect a key bridge on Route NJ72 over Manahawkin Bay, after the Federal Highway Administration gave its approval to proceed with the fatigue crack testing of this bridge, which provides the only road access to New Jersey’s Long Beach Island.
This inspection is scheduled to be completed during the current month, and follows MATECH’s contracts for the non-destructive testing of four bridges in Utah and three bridges in Pennsylvania, announced earlier this month. It will be coordinated through Arora and Associates, the inspection consultant to the New Jersey Department of Transportation (NJDOT). The NJDOT desires to have Matech’s Electrochemical Fatigue Sensor (EFS) demonstrated on the subject bridge for purposes of evaluating its ability and usefulness for detecting and characterizing fatigue cracks.
The EFS is capable of finding growing fatigue cracks as small as 0.01 inches. This critical information will allow the State's bridge engineers to efficiently repair specific bridge defects 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 third commercial inspection contract, from New Jersey, especially after our announcements in October about the Pennsylvania and Utah agreements. It’s exciting to see a decade of diligent research finally resulting in the success of commercial contracts. I am confident that the EFS will help these states to detect growing cracks in their steel bridges, greatly increasing their transportation infrastructure safety and to realize cost savings in their bridge maintenance budgets."
About Material Technologies, Inc. (MTTG.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 |
