Los Angeles, CA-- January 13, 2006—Material Technologies, Inc. (OTC BB; MTNA.OB - News) ("MATECH") announces that Transportation Technology Center, Inc. (TTCI), a subsidiary of the Association of American Railroads, in Pueblo, CO, has agreed to install and test MATECH’s patented suite of metal fatigue detection, measurement, and monitoring technologies on TTCI’s state of the art steel bridge at its Facility for Accelerated Service Testing (FAST).
MATECH has exclusive rights to seven patents specializing in technologies to measure microscopic fractures in metal structures and to monitor metal fatigue in real time.
The MATECH Electrochemical Fatigue Sensor (EFS) inspection system is capable of locating actively growing cracks, below the surface in metal structures. The EFS system is the only known nondestructive evaluation system currently available to engineers that can provide such insight.
“The MATECH technologies, quite simply, will save lives and money. These are the most technically advanced systems on the market,” said Robert M. Bernstein, MATECH’s President and Chief Executive Officer. Added Dr. Duane Otter, P.E. of TTCI: “We are looking forward to testing of this innovative technology. It will be mutually beneficial to both MATECH and the railroad industry.”
“This represents a unique opportunity because the track at FAST allows for rapid testing of fatigue damage detecting technologies,” said MATECH’s Dr. Brent M. Phares, P.E.
The test train at FAST crosses over the steel bridge more than 100 times each day, providing repetitive testing of new technologies in a safe and controlled environment.
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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