BUSINESS DEVELOPMENT UPDATE
June 23, 2009
Since the release of our previous update in May 2009, the following
business items have developed:
§ MATECH has administratively signed a contract with HNTB to
inspect structures for PennDOT for this coming inspection season.
This contract has now been approved by PennDOT and is proceeding
forward.
§ MATECH has presented jointly with Northrop Grumman at the
International Bridge Conference in Pittsburgh, PA. TV coverage was
obtained on this presentation with MATECH’s COO. This presentation
spurred interest from various engineering firms at and since the
conference.
§ MATECH is in talks with a large east coast city DOT on a
high profile long-span project to be performed in conjunction with
Northrop Grumman and an EFS service provider on the East Coast.
§ MATECH is in talks with an east coast state DOT about moving
forward on a delayed project form last year.
§ MATECH has resumed talks with a large multi-national corporation
about working for two DOT’s in the Midwest on a particular
long-span bridge.
§ MATECH has now trained personnel from an east coast inspection
firm to perform inspections on the Eastern Seaboard. This firm
will be purchasing equipment this year. This company has also begun
marketing for MATECH with large bridge rehabilitation companies
as well as bridge owner agencies.
§ MATECH has received and commented on the FHWA’s SBTP
draft report, which covers the EFS technology. This should be released
to the public in the new several months.
§ MATECH has submitted a grant proposal for the National Institute
of Science and Technology in collaboration with Southern Utah Engineers
and Lehigh University.
§ MATECH officials will be meeting with high-ranking politicians
throughout the month of July, discussing the cost benefit of EFS
use on infrastructure across the country.
§ MATECH officials had follow up meetings with a large railroad
company to talk about further work, which seems promising.
§ MATECH continues to be in talks with the NSW RTA about the
purchase of equipment.
§ MATECH continues to be in contact with officials at TXDOT,
Caltrans, ALDOT, LADOT, NYSDOT, NCDOT, OKDOT, VDOT, as well as
others about future inspection work.
§ MATECH continues to be in talks with other sensor manufacturers
to discuss sensor fusion opportunities in the infrastructure and
other markets.
§ MATECH officials presented at and attended the International
Bridge Conference, Pittsburgh, PA, in the month of June.
Best regards,
/s/ Robert M. Bernstein
Robert M. Bernstein
CEO
This letter includes “forward-looking statements” from
the company that may or may not materialize. Although management
believes the assumptions on which the forward-looking statements
are based are reasonable, forward-looking statements are inherently
subject to risks and uncertainties and no representation is made
or should be inferred with respect to the accuracy or completeness
of them or the likelihood that they can or will be achieved. In evaluating
the forward-looking statements, recipients should consider various
factors, including our ability to change the direction of the company;
our ability to keep pace with new technology and changing market
needs; and the competitive environment of our business. These and
other factors may cause our actual results to differ materially from
any forward-looking statement. Recipients are cautioned not to place
undue reliance upon the accuracy or adequacy of the forward-looking
statements.
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