Los Angeles, CA-January 15, 2009
- MATECH Corp. (OTC Bulletin Board: MTCH - News)
- (MATECH) recently entered into an agreement with the Roads
and Traffic Authority (RTA) of New South Wales, Australia to
provide training and inspections using MATECH's proprietary
Electrochemical Fatigue SensorTM (EFS) System. Commencing the
week of January 19, 2009, MATECH will initiate a comprehensive
classroom and laboratory training program in which RTA staff
will to learn to utilize the EFS in inspections and bridge
management. Additionally, MATECH, in conjunction with RTA staff
will inspect three bridges with the EFS system to determine
the existence of active fatigue cracks on the structures.
The RTA owns over 5,000 bridges in Australia, including the
famous Sydney Harbour Bridge. On average the RTA has spent
$80M (AUD) annually on bridge maintenance over a three-year
period.
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. By eliminating the subjectivity
of inspections for cracking in bridge members (the FHWA has stated
that 90% of these cracks are missed with visual inspection),
MATECH is helping to eliminate wasted funds by prioritizing repairs
and immediately verifying their effectiveness.
Robert M. Bernstein, MATECH's CEO says, "MATECH is pleased
to be executing our first contract outside the U.S. Clearly the
aging infrastructure is a worldwide problem. With the information
that the RTA will obtain with the EFS, they will be able prioritize
repairs and tremendously increase the efficiency of their bridge
maintenance program." He added, "This is another big
step in moving forward with MATECH's business plan to sell EFS
systems and sensors and then license the associated software
to asset owners as well as engineering consultants."
About Matech Corp. (MTCH.OB)
MATECH Corp, formerly Material Technologies, Inc., 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, it
is now marketing 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, President
Material Technologies, Inc.
11661 San Vicente Blvd.
Los Angeles, CA 90049
1.310.208.5589
matech@matechcorp.com
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