Los Angeles, CA - January 31, 2008
--Material Technologies Inc. (OTCBB:
MTTG -News;
"MATECH") An investigative reporter for MSNBC,
the cable network of NBC, has completed an analysis of the
inspection status of the nation's bridge infrastructure, and
finds many bridges, including those rated structurally deficient
and functionally obsolete, have not been inspected in accordance
with the mandated inspection guidelines defined by federal
law. These late inspections put travelers at risk, says the
MSNBC article, which may be found at http://www.msnbc.msn.com/id/20998261/.
In effect, the law requires the typical highway bridge to be
inspected every two years. Problem bridges should be inspected
more frequently, and there are limited allowances for less frequent
inspections. The typical inspection is done visually, and according
to a research study conducted by the Federal Highway Administration
investigations, over 90% of fatigue cracks are missed, and uncracked
areas are called out as cracked four times as often as cracks
are correctly identified. In light of the recent failure of the
I-35 bridge in Minneapolis last August, there has been increased
emphasis on bridge inspections.
State departments of transportation that are usually responsible
for most bridge inspections, are pressed to stretch their modest
inspection budgets to be more effective in finding true problem
areas that must be repaired in a timely way. Thus, many of them
are looking for improved inspection methods and technologies
that can help them prioritize their already limited funds.
Material Technologies' (MATECH) Electrochemical Fatigue Sensor
(EFS) is the only nondestructive field-testing device able to
find growing cracks in bridge structural members, cracks as small
as 0.01 inches in length. This is critical information that allows
structural engineers to isolate problems and repair steel bridges
in a timely manner, drastically increasing efficiency. Using
the EFS System is a key solution to the infrastructure crisis
detailed by MSNBC.
In fact, Dr. Brent Phares, MATECH's Chief Engineer, indicates
that the information that can be gained from an EFS inspection
gives bridge engineers some of the tools needed to effectively
manage a bridge infrastructure. Beyond being applied as a traditional
tool, Dr. Phares explains, "EFS gives bridge engineers information
to know which fatigue cracking conditions need immediate attention
and which can be deferred." Further, he cites, "EFS
allows a bridge owner to immediately know whether a fatigue crack
repair or retrofit has been successful or not in halting further
fatigue damage."
Robert M. Bernstein, MATECH's CEO, says, "The EFS system
has been used in six states thus far in over 25 highway bridge
inspections, as well as on various railroad bridges. We have
every confidence that our EFS can save many repair and rehabilitation
dollars by its timely use, as well as avoiding lane and bridge
closures which can have a devastating effect on local commerce,
not to mention avoiding potential tragedies of bridge failures."
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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