Los Angeles, CA-October 13, 2009
- MATECH Corp.
(OTC Bulletin Board: MTCH
- News)
is pleased to announce that it is in the process of forming
a Brazilian subsidiary to market its Electrochemical Fatigue
Sensor (EFS) System in Brazil and throughout South America.
There is substantial interest in the application of MATECH's
EFS System by infrastructure asset owners as well as clients
in the petrochemical industry in Brazil. In addition, MATECH
has discussed a potential partnership with several universities
in Brazil in order to fulfill additional R&D desired
by large Brazilian companies.
Dr. Monty Moshier, MATECH's
Chief Technologist, was recently in Brazil and met with various
potential clients in the region. Dr. Moshier discussed the
EFS System and its capabilities to determine whether existing
cracks on bridges are actively growing, and to detect growing
cracks indiscernible by conventional methods. He also discussed
the importance of using this technology to verify retrofits
and repairs for bridge owners. He presented a demonstration
of the EFS and data to show its capabilities.
MATECH has
a proven track record of saving bridge owners money through
improving bridge management and public safety with its cutting-edge
technology, the EFS System. Through eliminating subjectivity
of inspections for cracking in bridge members (the FHWA has
stated that 90% of these cracks are missed with the usual
visual inspections), MATECH is helping to eliminate wasted
funds by prioritizing repairs and verifying their effectiveness
immediately.
Robert M. Bernstein, MATECH's CEO, stated: "This
visit and demonstration represents a significant milestone
for MATECH and our efforts to bring our EFS System to interested
companies and infrastructure asset owners in Brazil. There
is tremendous economic activity in the region, and the asset
owners and companies are eager to save money through the
use of our EFS technology."
About Matech Corp. (MTCH.OB)
MATECH Corp., founded in 1983, is an engineering, research
and development company based in Los Angeles, CA. The Company
specializes in technologies to measure microscopic fractures
in metal structures. MATECH is now marketing its patented
Electrochemical Fatigue Sensor (EFS) and other advanced crack-detection
technologies to bridge asset managers, railroad companies,
and governmental agencies across the United States and internationally.
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:
Stephen Taylor
Taylor Capitol, Inc.
Phone: (973) 351-3868
info@pennymover.com
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