Los Angeles, CA- September 14, 2009 - MATECH Corp.
(OTC Bulletin Board: MTCH
- News)
- (MATECH) is pleased to announce that
its leading technology, the Electrochemical Fatigue
Sensor (EFS) System, was presented by the Federal Highway
Administration (FHWA) in order to highlight bridge inspection
advancements. In addition, the technology was recently featured
in the FHWA's industry publication, FOCUS Magazine (http://www.tfhrc.gov/focus/may09/02.htm),
in which the New Jersey Department of Transportation (NJDOT)
indicated that they would use MATECH's technology again.
A major Agency of the U.S. Department of Transportation,
the FHWA is responsible for ensuring that America's roads
and highways continue to be the safest and most technologically
advanced. The FHWA provides financial and technical support
to them for constructing, improving, and preserving America's
highway system. The agency is provided an annual budget
of more than $30 billion.
The presentation by the FHWA focused
on one of MATECH's EFS inspections for the New Jersey Department
of Transportation (NJDOT) (http://www.state.nj.us/transportation/).
The oldest state transportation agency in the country, the
NJDOT is responsible for transportation issues and policy
in the State of New Jersey.
MATECH's EFS technology was
used to detect active cracking on the Route 72/Manahawkin
Bay Bridge in Ocean County, New Jersey. Specifically, the
NJDOT was interested in detecting cracks in retrofitted
and non-retrofitted areas. Pleased with the result of MATECH's
work, the NJDOT has indicated that it would use the technology
again.
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 visual inspection), MATECH is helping
to eliminate wasted funds by prioritizing repairs and verifying
their effectiveness immediately.
"We are very pleased
that the FHWA, in conjunction with NJDOT, has provided industry
professionals with information about the capabilities of
our cutting-edge EFS technology," said Robert M. Bernstein,
CEO of MATECH. "This represents yet another independent
opinion from bridge owners that our EFS technology provides
real value in making bridge management decisions. Such a
favorable review by a highly regarded organization like
the NJDOT in the FHWA's publication will no doubt cause
bridge owners around the nation to further investigate our
EFS technology."
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:
Stephen Taylor
Taylor Capitol, Inc.
Phone: (973) 351-3868
info@pennymover.com
MATECH Corp.
Robert Bernstein,
Phone (310) 208-5589
matech@matechcorp.com
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