Los Angeles, CA--December 14, 2005—Material Technologies, Inc. (MATECH) (OTCBB:MTNA) - Two reports of cracks in two important bridges were issued in the first two weeks of October, 2005. The bridges, the Throgs Neck Bridge which connects The Bronx to Queens in New York City and the Battersea Bridge in London, are heavily traveled and carry significant commercial, commuter and private traffic. In the Throgs Neck Bridge, the reported cracks occurred due to repeated loading by heavy commercial trucks. The existence of such a large number of cracks took engineers by surprise since the bridge is only 40 years old and has been carefully monitored under federal inspection guidelines. The Battersea Bridge, struck by a passing barge, had a much smaller number but much longer cracks that posed both short-term strength and long-term crack growth concerns. It is scheduled to remain closed until next June.
“Engineers will certainly have a difficult task developing repair and remediation methods for these bridges. It is clear from the reports that engineers would prefer to simply repair the problems in-place rather than completely replace the damaged portions of the bridges. Prudently, however, they have expressed concerns about knowing the effectiveness of such repairs. The MATECH Electrochemical Fatigue Sensor (EFS) system has the ability to give engineers the confidence they need to verify the effectiveness of any implemented solution,” said Dr. Brent Phares, PE, Director of Marketing for Material Technologies, Inc. and an experienced bridge engineer.
MATECH’s patented EFS inspection system is capable of locating actively growing cracks, including below the surface, in metal structures. It can determine if a crack in a metal structure is growing or not. The EFS system can be used to validate the effectiveness of repairs by verifying that a crack which was growing is no longer growing following its remediation, with near 100% accuracy. It is the only known nondestructive evaluation system currently available to engineers that can provide such insight. “Information is key in structural engineering. This is especially true as one is trying to fix problems. A system like the MATECH EFS would immediately provide engineers with the verification that their implemented repairs could provide years of safe operation”, said Dr. Phares.
MATECH is engaged in the research and development of metal fatigue detection, measurement, and monitoring technologies. As such, the Company has developed a suite of devices for the non-destructive testing [NDT] of metal fatigue and monitoring of structural integrity. These technologies can be applied in virtually any industry in which metal is a significant structural component; i.e.: Bridges, Aerospace, Turbine Engines, Oil & Gas, Construction, Shipping, etc.
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
(310) 208-5589
matech@att.net
Source: Material Technologies
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