Los Angeles, CA - November 15, 2006 - PRNewswire-FirstCall via COMTEX/ -- Material Technologies, Inc. (OTC BB; MTTG.OB - News) ("MATECH" or "the Company"), announced today that Brent Phares, Marketing Director for the Company, has been invited to join the speaker panel and present at the 2007 China Bridge Congress. Mr. Phares’ presence was requested specifically to introduce MATECH’s patented EFS system and to assist the Congress in understanding the advantages this technology will bring to China’s immense system of bridges and railroads.
The event will be held the 28th-30th of March, 2007 in Chongqing, China. It will feature a who’s who panel that is expected to include, among others, the country’s Chief Engineer for the Ministry of Communication, the Vice Presidents for the China Highway Planning and Design Institute, the President of the International Association for Bridge and Structural Engineering, and the Chairman of the International Society for Structural Health Monitoring of Intelligent Infrastructure.
MATECH CEO Robert M. Bernstein commented: "The invitation of Brent Phares and Material Technologies to present at the 2007 China Bridge Congress is a great honor for the Company. China is expected to be a huge target market for the EFS in the coming years and for us to be directly approached for a panel spot is a strong validation of MATECH’s last ten years of research. The number of bridges and railroads in the country that would benefit from our technology is absolutely staggering; reaching China’s decision makers through this Congress really is an excellent opportunity for the Company.”
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 |
