Los Angeles, CA - April 13, 2007
-- In February, 2007 Material Technologies,
Inc. (OTC BB; MTTG.OB - News)
("MATECH" or "the Company") was invited
to discuss its revolutionary metal fatigue detection solutions
with executives of Network Rail in London, England. At that
time, renowned infrastructure engineering expert Dr. Brent
Phares, PE discussed the technical and economic advantages
of implementing MATECH's Electrochemical Fatigue Sensor™ (EFS)
inspection system on a variety of railway assets. That February
2007 meeting was a follow-up to an earlier introduction of
MATECH's fatigue detection capabilities at the 24th International
Exhibition of Railtrack Technology in Munster/Westfalen, Germany
last May.
Network Rail is the British equivalent of the Association of
American Railroads and the Federal Railroad Administration in
the U.S.; as with railroads in the United States, Network Rail
is concerned about fatigue damage and interested in fatigue crack
detection on critical components of their railway systems.
Since the meeting in February, Network Rail has been working
on preparing to contract with MATECH to inspect several bridges. Successful
completion of these initial inspections is expected to lead to
a recurring contract with MATECH.
"Railways are an ideal application for our metal fatigue
detection solutions because of their constant cycles of heavy
loading," said MATECH CEO Robert M. Bernstein. "Our
EFS technology is the only nondestructive testing solution capable
of finding growing cracks in metals as small as 0.01 inches-critical
information that can help railroad engineers ensure safety, prioritize
repairs and reduce costs."
MATECH's proprietary EFS inspection system can satisfy new welded
rail safety requirements set forth by the $286 billion U.S. Transportation
Bill, known as SAFETEA-LU, signed into law in late 2005. The
legislation requires, among others, each railway track operator
using continuous welded rail track to include procedures to improve
the identification of cracks as well as improve the methods of
inspection of joint bars in continuous welded rail.
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 |