Los Angeles, CA-- May 24, 2006—Material Technologies, Inc. (OTC BB; MTNA.OB - News) ("MATECH") announced that it has begun trading on the Frankfurt Stock Exchange, the world’s third largest securities exchange. Listing on the exchange enables MATECH to communicate its value and growth to the international investment community and gain access to global capital markets.
MATECH is trading under symbol “UAW” (Frankfurt:UAW.F - News). Its International Security Identification Number (ISIN/CUSIP) is US5766782057 and German Security Code is AOCABD.
MATECH CEO Robert M. Bernstein commented: “MATECH has developed revolutionary metal fatigue detection technology that can accurately measure the integrity of critical structures including bridges and railroads. Our patented Electrochemical Fatigue Sensor (EFS™) is the only nondestructive testing device able to find growing cracks as small as 0.010 inches. The Frankfurt Stock Exchange enables us to communicate MATECH’s unique value to a wider pool of investors and invite them to share in our company’s growth.”
The Frankfurt Stock Exchange is the world's third largest trading center for securities and Germany’s largest exchange. It is responsible for 90 percent of the securities trading volume in Germany. The Exchange facilitates advanced electronic trading, settlement and information systems and enables cross-border trading for international investors. For more information, please visit http://deutsche-boerse.com.
About Material Technologies, Inc. (MTNA.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 |
