Los Angeles, CA - March 6, 2007
- PRNewswire-FirstCall via COMTEX/ -- Material Technologies,
Inc. (OTC BB; MTTG.OB - News)
("MATECH" or "the Company"), announced
that the New York Department of Transportation (NYDOT) intends
to invite MATECH to demonstrate its Electrochemical Fatigue
Sensor System (EFS) on a bridge in the State.
The EFS can find growing cracks in highway bridges and similar
structures, including cracks below the surface, as small as 0.01
inches. This critical information allows the State’s bridge
engineers to fix the specific bridges in most need of repair.
Using EFS, the engineers will also be able to verify that repairs
are effective in halting further fatigue crack growth, by determining
that previously repaired fatigue cracks are no longer growing.
Being able to prioritize needed repairs, the State can realize
significant cost savings. It can also repair the most critical
bridges sooner, thereby eliminating the need to restrict the
weights of some trucks and, most important, minimizing any adverse
economic impacts.
MATECH has 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 detect growing fatigue
cracks in steel bridges.
MATECH CEO Robert M. Bernstein commented: "We are extremely
pleased to demonstrate our EFS to the NYDOT. This follows recent
successful demonstrations in Pennsylvania, Utah, and New Jersey,
the culmination of ten years of diligent research. I am confident
that the EFS will help the State 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 |