Los Angeles, CA - February 5, 2008
--Material Technologies Inc. (OTCBB:
MTTG -News;
"MATECH") notes that infrastructure investments
are becoming more important as our nation's infrastructure
ages, and years of neglect begin to show up.
A recent column in the New York Times by their columnist Bob
Herbert addressed the issue of infrastructure investment:
"There is usually not much about infrastructure stories
to turn readers or viewers on. But the catastrophe in New Orleans
and the bridge collapse in Minneapolis are tragic evidence of
the peril that goes hand in hand with neglect of the nation's
roads, bridges, levees, transit systems, water treatment facilities
and so on. Just two weeks before the Minneapolis bridge collapse,
an underground steam pipe in Midtown Manhattan exploded, sending
a geyser of filth and asbestos-laden debris into the air. A woman
fleeing the scene died of a heart attack, and the area suffered
millions of dollars in economic damage ...
"The need for investment on a large scale -- and for the
long term -- is undeniable. According to the American Society
of Civil Engineers, in a study that should have gotten much more
attention when it was released in 2005, it would take more than
a trillion and a half dollars over a five-year period to bring
the U.S. infrastructure into reasonably decent shape ... "
In response to this column a letter was published, signed by
the governors of Pennsylvania and California, and the mayor of
New York City, that said in part:
"As state and local leaders, we are intimately aware of
how critical infrastructure is to ensure our nation's economic
health, keep our families safe, and create vibrant and sustainable
communities. Yet while states and cities have significantly increased
infrastructure spending in recent years, federal spending has
been flat. Three out of every four infrastructure dollars now
come from states and cities ... "
It is especially significant now that President Bush has submitted
his budget plan for next year. The importance of using whatever
infrastructure maintenance funds as efficiently as possible cannot
be overemphasized. MATECH has such a technology that can save
tremendous repair and rehabilitation dollars by prioritizing
those repairs in steel bridges and similar structures and by
verifying the effectiveness of such repairs.
MATECH's 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, long before damage gets out of hand,
saving significant funds for bridge owners. EFS also allows a
bridge owner to immediately know whether a repair has been successful
or not in halting further fatigue damage: if the crack is found
to be actively growing with the EFS, the repair has not been
successful and a new repair scheme must be designed. More than
twenty highway and railroad bridges around the U. S. have been
inspected using EFS to date.
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. 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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