Los Angeles, CA - July 24, 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 appointed Marybeth Miceli to Chief Operating Officer
(COO), effective immediately.
Ms. Miceli has been a consultant to Material Technologies for
the past six years, and has twelve years of experience in engineering
and nondestructive evaluation. She was formerly the Director
of Infrastructure Engineering and Marketing for Sam Schwartz,
PLLC, Engineering and Planning Consultants in New York City.
She served the company in both rolls for two years. Prior to
that, she was with Lucius Pitkin, Inc. Engineering Consultants
of New York, where her positions included Materials Engineer,
Quality Assurance Manager and Assistant Radiation Safety Officer.
Among her duties was the supervision and performance of failure
analysis investigations, fatigue testing investigations, and
interfacing with government agencies on testing, regulations,
and safety. She is a graduate of the Whiting School of Engineering
at The Johns Hopkins University and holds a Masters in Science
in Materials Science and Engineering from Virginia Polytechnic
Institute.
"I am honored to have Marybeth Miceli join us as Chief
Operating Officer," said Robert M. Bernstein, Material Technologies'
Chairman and Chief Executive Officer. He continued, "Marybeth's
wealth of experience and extraordinary passion for her work is
vital for the advancement of Material Technologies. Her past
work as a consultant for the Company over the last six years
has demonstrated her unique abilities. We firmly believe she
is the leading expert and the perfect candidate for this job."
Marybeth is a candidate for the international Board of Directors
of the American Society of Nondestructive Testing, serves on
a number of national committees and councils and has previously
served as the 2004 and 2005 Chairman of the Metro NY/NJ Chapter.
She was also named as the Young NDT Professional of the Year
in 2004. Ms. Miceli is an active member of ASCE and WTS as well.
She has published numerous papers on nondestructive testing of
bridge components and other related subjects.
About Material Technologies, Inc. (MTTG.OB)
Material Technologies Inc., also known as MATECH, was founded
in 1983 and is based in Los Angeles. It is an engineering, research
and development company that specializes in technologies to measure
microscopic fractures in metal structures and to monitor metal
fatigue. The Company has already completed significant work for
the federal government -- generating $8.3 million to develop
technology to detect metal fatigue in aircraft and steel bridge
components. It has also received $5 million in private investments.
Building on that base of experience and capital, it is now beginning
to market its technologies to companies and government agencies
involved in the inspection of metal highway and railroad bridges.
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 |
