Los Angeles, CA - October 11, 2007
--Material Technologies Inc. (OTCBB:
MTTG -News),
announced that their Electrochemical Fatigue Sensor (EFS) System
has been selected for the Federal Highway Administration's
(FHWA) Steel Bridges Testing Program. This program will evaluate
inspection methods capable of detecting growing cracks in bridges.
From their findings, the FHWA intends to recommend successful
technologies to all state departments of transportation for
their inspections.
MATECH's contract includes purchase of EFS equipment, training
in the use of the EFS, and support of FHWA testing. Its initial
value is $350,000. "We believe the EFS is the only inspection
technology that can find growing cracks, so that bridges can
be reliably and economically maintained," said Robert
M. Bernstein, Material Technologies' Chairman and Chief Executive
Officer. He continued, "We must assure the public that
we are doing everything possible so that tragedies like the
I-35W collapse in Minnesota never happen again. One way of
doing this is to insist that we make best use of science and
technology to take bridge inspection methods from the mid-20th
Century into the 21st Century."
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
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