Los Angeles, CA - August 21, 2007
--Material
Technologies Inc., (OTCBB:
MTTG.OB -
News; "MATECH"), an engineering and product/service
company specializing in technologies that monitor and measure
metal fatigue, was featured in recent issues of Los Angeles
Business Journal (August 13) and The Los Angeles Times (August
15).
The newspapers noted that the Minneapolis bridge tragedy has
resulted in MATECH being approached by five state departments
of transportation (DOTs) with inquiries about the Company's
Electrochemical Fatigue Sensor (EFS) that detects growing
cracks in metal structures.
"The coverage of our company in Los Angeles Business Journal
and The Los Angeles Times reflects the continued concern all
of us have about the safety of our nation's bridges," said
Robert Bernstein, Chief Executive Officer of Material Technologies. "Media
coverage such as this helps to raise awareness of the critical
importance of bridge safety and the fact that there is a cost-effective
alternative to current inspection methods."
Material Technologies' Electrochemical Fatigue Sensor (EFS)
System has the only field-testing device able to find growing
cracks in bridges as small as 0.01 inches. It is a nondestructive
crack inspection system similar in concept to a medical EKG for
the heart, and can be used to determine if actively growing fatigue
cracks are present. The cost of the EFS System is competitive
with other non-destructive crack-detecting technologies which,
unlike the EFS, are not capable of determining whether a crack
is growing or not. Moreover, the EFS, when used on repaired fatigue
cracks, can also determine whether the repair effectively stopped
the crack from further growth.
About Material Technologies (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. 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
or
The Investor Relations Group, Inc.
Investor Relations:
Christine Berni/Joe Triunfo, 212-825-3210
cberni@investorrelationsgroup.com
jtriunfo@investorrelationsgroup.com
or
Media:
Bill Douglass/Mike Graff, 212-825-3210
bdouglass@investorrelationsgroup.com
mgraff@investorrelationsgroup.com
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