Los Angeles, CA-- August 17, 2006—Material Technologies, Inc. (OTC BB; MTNA.OB - News) ("MATECH"), announced today that Finance-Markets.com has initiated coverage on the Company. The report follows:
MATECH has developed proven, patented metal fatigue detection technology that will locate and monitor growing cracks in metal structures and equipment, with industry-leading accuracy. Federal and state transportation agencies are searching for solutions to accurately detect metal fatigue in order to ensure safety, reduce maintenance costs and prioritize repairs of critical metal structures including bridges and railroads.
As of Monday August 7, 2006 MATECH closed at 0.089$ and is expected to strengthen after last weeks International Conference on Fatigue and Fracture. The conference was designed to bring together the world's experts in the mechanics, detection, and remediation of metal fatigue damage to bridges and other transportation structures. MATECH presented technical discussions on the benefits of using its patented Electrochemical Fatigue Sensor™ (EFS) to detect and monitor microscopic growing cracks in bridge infrastructure.
The International Conference on Fatigue and Fracture in the Infrastructure - Bridges and Structures of the 21st Century attracted transportation agencies including state Departments of Transportation, bridge owners and engineers, inspection engineers, researchers and technology suppliers. The forum provided the fatigue and fracture issues facing the transportation industry and evaluated the latest advancements, applications, research and solutions.
MATECH is gathering strong momentum as a company over the past quarter and needs to be monitored carefully as their stock will soon be evaluated at a higher trading value. Macam Investor Relations rates MATECH as “UNDERVALUED” as President and CEO Cameron MacDonald quotes “We feel based on our estimates MATECH has strategically positioned itself with lucrative private and government controlled contracts which are expected to close in the future. These contracts will strengthen MATECH’s financial evaluations, while enabling them to allocate the necessary resources to increase their market share rapidly”.
Al Giga, Business Development Manager at Macam Investor Relations quotes: “MATECH should be on everyone’s radar. MATECH is backed by a strong management team. MATECH has the ability to perform and execute their services to government and private organizations both efficiently and cost effectively, inevitably surpassing their reputable and proven product over their competitors.”
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
Disclaimer
Macam Investor Relations is owned and licensed by Macam Limited. All material was prepared by Macam Investor Relations and is based upon information believed to be reliable. The information contained herein is not guaranteed by Macam Investor Relations nor Macam Limited, to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in the opinion have approved the statements made the statements made in this opinion. The opinion contains forward-looking statements that involve risks and uncertainties. A company’s actual results could differ materially for those described in any forward-looking statements or announcements discussed herein. This material is for information purposed only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Macam Investor Relations and Macam Limited is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.finance-markets.com or mentioned herein. Macam Investor Relations has been compensated by third party shareholders or with cash from the company on behalf of one of more of the companies mentioned in this opinion. Macam Investor Relations and Macam Limited affiliates, officers, directors and employees may also have been bought or may buy shares discussed in this opinion and may profit in the event those shares rise in value. Macam Investor Relations and Macam Limited will not advise as to when it decided to sell and does not and will not offer any opinion as to when others should sell; each investor must take that decision based on his or her judgment of the market.
For all Investor Relations inquiries please contact:
ir@matechcorp.com
Material Technologies Inc.
(310) 208-5589
Robert M. Bernstein
or
Al Giga
Business Development Manager
Macam Investor Relations
(403) 695-1006
agiga@macamgroup.com
www.macamgroup.com
www.finance-markets.com
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 |
