Los Angeles, CA-- June 27, 2006—Material Technologies, Inc. (OTC BB; MTNA.OB - News) ("MATECH") is ramping up marketing efforts to develop added awareness and interest in its patented metal fatigue detection solutions, executing targeted marketing campaigns aimed at bridge engineers with State Departments of Transportation. MATECH has received inquiries from several DOTs expressing interest in its technology and is intensifying its marketing programs based on their favorable responses.
MATECH is accelerating marketing programs to highlight the advantages of using its breakthrough Electrochemical Fatigue Sensor™ (EFS) to detect growing metal cracks in bridges, targeting bridge engineers at state DOTs who the company believes are most in need of non-destructive metal fatigue detection tools. The programs include targeted direct mail campaigns, direct sales efforts, following up with decision makers from multiple state DOTs who have requested information, and presenting its innovative technology at key bridge engineering conferences.
Recently MATECH has completed reviews of three bridges at the request of Pennsylvania's DOT, and Massachusetts has submitted information on seventeen bridges throughout the state where fatigue damage is a primary concern. This month MATECH has been contacted by several more state transportation agencies to inquire about the EFS’s unique ability to detect minute growing cracks in bridge infrastructure.
“State bridge engineers are looking for ways to maximize the effectiveness of transportation funding to maintain existing bridge infrastructure. The Transportation Equity Act set aside funds to test devices capable of finding growing cracks in bridges as small as .01 inches in length and under the surface. Our EFS solution is the only non-destructive testing device able to find cracks that small,” commented MATECH CEO Robert M. Bernstein. “Based on what we believe is tremendous potential for market acceptance and the highly favorable response we have received so far, we are intensifying our marketing programs to increase awareness, generate additional inquiries and achieve maximum results.”
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 |
