Los Angeles, CA - April 10, 2007
-- Material Technologies,
Inc. (OTC BB; MTTG.OB - News)
("MATECH" or "the Company") performed a
follow-up demonstration of its Electrochemical Fatigue Sensor
(EFS™) technology, a patented crack detection system,
at the American Association of Railroad’s Transportation
Technology Center (“TTC”) in Pueblo, Co.
In 2006, MATECH had demonstrated its technology at TTC’s
FAST Track Bridge, which had previously exhibited cracking in
steel members. At the time, 17 of 20 cracked locations were evaluated
with the EFS system. MATECH determined that 5 of the 17 were
actively growing, including one in a facture critical location.
MATECH was invited back to attend the recent conference at the
TTC facility, at which time a follow-up demonstration was performed
on the FAST Track Bridge. The demonstration indicated that 4
of the 5 locations originally called out as growing cracks were
still growing. The fifth crack had grown to a point where it
could no longer be examined by EFS due to it’s location,
but had clearly grown since the last inspection with EFS.
Additionally, areas indicated as showing little to no crack
growth during the 2006 inspection were verified as still not
showing active growth. This inspection was a confirmation of
the information provided to the TTC back in 2006.
Currently, MATECH is in negotiations with the American Association
of Railroad and the Federal Railroad Administration to further
develop the EFS hardware and software, so that it interfaces
with the railroads’ long-term health monitoring system.
To-date, MATECH has used the EFS technique on 13 steel bridges
across the U.S. in New York, Ohio, California, Utah, New Jersey,
Colorado and Pennsylvania. It has been successfully used by MATECH
bridge inspectors to check for cracks in welded joints, weld
toes, and cracks. Over the last decade, the Federal Government
has awarded MATECH $8.3 million in contracts for research, testing
and validating of EFS technology.
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 |