Los Angeles, CA - July 12, 2007
-- Material Technologies, Inc.
(OTC BB; MTTG.OB - News)
("MATECH") an engineering and product/service company
specializing in technologies that monitor and measure metal
fatigue, has been profiled in an article, "Crossing Guards," in
the Los Angeles Business Journal, a leading business publication.
The article notes the Company's progress and mission to maintain
a safe transportation infrastructure and reduce unnecessary bridge
maintenance costs. Robert Bernstein, Chief Executive Officer
of Material Technologies, Inc. comments on the Company's strategy
as it moves towards profitability through the adoption of its
technology by local municipalities and state transportation departments.
The article also highlights the need to implement a more accurate
metal fatigue measurement like Material Technologies' EFS technology,
which analyzes the behavior of cracks in bridges. The current
inspection tools and methods are based on "low-tech" processes
primarily visual inspections, which cannot detect growing cracks
and can lead to incorrect condition ratings.
Commenting on the assessment of current inspection tools and
techniques, Tom Macioce, chief bridge engineer for Pennsylvania,
highlights in the article, the simplicity of using the EFS system
for bridge inspections and the accuracy it delivers.
"For the past decade, we have been working diligently and
efficiently to fine-tune and launch our revolutionary technology," said
Robert Bernstein, Chief Executive Officer of Material Technologies. "As
we continue to gain momentum with solidifying contracts for our
inspection services, it's rewarding to be profiled in a leading
publication like the Los Angeles Business Journal."
The article can be accessed via the following link: http://www.matechcorp.com/doc/LATimes_07_09_07.pdf
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 and monitoring
solutions can accurately test the integrity of metal structures
and equipment including bridges, railroads, airplanes, ships,
cranes, power plants, mining equipment, and heavy iron.
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 or
The Investor Relations Group, Inc.
Investor Relations:
Christine Berni/Joe Triunfo, 212-825-3210
cberni@investorrelationsgroup.com
jtriunfo@investorrelationsgroup.com |
