Los Angeles, CA - January 29, 2008
--Material Technologies Inc. (OTCBB:
MTTG -News;
"MATECH") has announced that Chief Engineer,
Dr. Brent Phares has been invited to meet with several companies
to discuss prospective business opportunities in China.
Dr. Phares is being hosted by a company that distributes high-tech
equipment and services there. Dr. Phares is expected to meet
with a number of organizations that could either license the
EFS technology or act as inspection entities. During his visit,
Dr. Phares will train a local representative on the fundamentals
of MATECH's patented Electrochemical Fatigue Sensor (EFS) System.
It is anticipated that this training will lead to the establishment
of a locally based marketing campaign.
MATECH's CEO, Robert M. Bernstein commented: "China is
expected to be a huge target market for the EFS system in the
coming years. The number of bridges and railroads in the country
that would benefit from our technology is absolutely staggering.
In advance of the Beijing Olympics and in support of the astronomical
growth, the Chinese government has been dedicating significant
resources to the development of that nation's infrastructure."
About Material Technologies (MTTG.OB)
MATECH is an engineering, research and development company specializing
in technologies to measure microscopic fractures and flaws in
metal structures and monitor metal fatigue in real time. The
company's leading edge metal fatigue detection, measurement and
monitoring solutions can accurately test the integrity of metal
structures and equipment including bridges, railroads, airplanes,
ships, cranes, power plants, mining equipment, piping systems
and heavy iron.
MATECH owns the only nondestructive testing technology able
to find growing cracks as minute as 0.01 inches-critical information
that allows structural engineers to isolate and repair the more
than 100,000 steel bridges in the US which have been classified
as structurally deficient or functionally obsolete by the Federal
Highway Administration. MATECH has exclusive rights to seven
patents along with $8.3 million in already completed contracts
from the US Government for research, testing and validation of
its innovative solutions.
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, President
Material Technologies, Inc.
11661 San Vicente Blvd.
Los Angeles, CA 90049
1.310.208.5589
matech@matechcorp.com
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