Los Angeles, CA - August 8, 2007
--Material
Technologies Inc., (OTCBB:
MTTG.OB -
News; "MATECH"),has received extensive national
print and broadcast media coverage in the past week as news
media outlets have called on the expertise of company management
to explain the reasons for the tragic I-35 bridge collapse.
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Among the national broadcast news programs and stations which
featured Company management were "CBS Evening News with
Katie Couric," MSNBC, ABC, CNN and several programs on Fox
News Channel including, "The O'Reilly Factor," "Fox
and Friends," FOX News, "The Morning Show with Mike
and Juliet" and WNYW Fox 5's "Good Day New York" and
48 other broadcast media outlets nationwide. Print coverage included
Newsday, The New York Daily News, The Toronto Star and Electronic
Engineering Times.
"The tragedy in Minneapolis has clearly demonstrated that
without a technologically advanced and accurate system for finding
cracks in metal, these cracks will inevitably spread, leading
to a serious undermining of highway safety and unnecessary loss
of lives," said Robert M. Bernstein, CEO of Material Technologies. "We
have developed an effective method to pinpoint growing cracks
as small as .01 inches, and we've shown that a simple inspection
using our system is worth millions of dollars and will save lives." The
EFS (Electrochemical Fatigue Sensor) he noted, measures the activity
of growing cracks in metal bridges during ordinary traffic conditions,
similar to the way an EKG monitors a heart.
Mr. Bernstein said visual inspection is the primary method of
checking bridges for possible metal fatigue and potential catastrophic
failure, noting that the Federal Highway Administration found
that over 90% of the fatigue cracks were missed with visual inspection. "Material
Technologies' EFS system is the only one that can determine not
only whether cracks are growing, but also if they are growing
slowly or rapidly, and whether these cracks pose an immediate
threat," Mr. Bernstein stated.
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.
To hear more about MTTG 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 or
or
The Investor Relations Group, Inc.
Investor Relations:
Christine Berni/Joe Triunfo, 212-825-3210
cberni@investorrelationsgroup.com
jtriunfo@investorrelationsgroup.com
or
Media:
Rich Wagner/Mike Graff
mgraff@investorrelationsgroup.com
rwagner@investorrelationsgroup.com
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