Matech Begins Marketing Revolutionary New Technology
29 November 2005
Material Technologies, Inc. (OTC Bulletin Board: MTNA) ("Matech") has begun to market its Electrochemical Fatigue Sensor (EFS) to individual states and the transportation industry. The Technology has been well received from initial interested parties and Matech anticipates a continued positive reaction through 2006.
The EFS demonstrated its ability to find smaller active, growing fatigue cracks in bridges than any other non-destructive test method. It was utilized
in preliminary tests last year in Ohio, California, Pennsylvania, and New York
on six highway bridge structures.
"To put it simply, it is the most technologically advanced product of its kind on the market," said Robert M. Bernstein, Matech's President and Chief Executive Officer.
The EFS can be applied to virtually any industry in which fatigue of metal is a significant structural issue: Highway and Railroad Bridges, Aerospace, Oil & Gas, Shipping, etc.
In the bridge industry alone, there are over 100,000 steel bridges in the U.S. that are structurally impaired, comprising $400 Billion of repair liability, impending accidents, and potential disruption of commerce. "By offering a product that can more accurately determine structural integrity, we will save engineering authorities time and money by postponing unnecessary repairs and maintenance, and preventing structural collapse and possible human tragedy," said Bernstein.
About Material Technologies, Inc.
MATECH is engaged in the research and development of metal fatigue detection, measurement, and monitoring technologies. The Company has developed a suite of devices for the non-destructive testing (NDT) of metal fatigue as well as the monitoring of structural integrity.
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uncertainties, and therefore actual results may be materially different. Factors that could cause actual results to differ include activity levels in the securities markets and other risk factors such as customer order rates, cancellations, late delivery of customer components, late system delivery, production delays, dependence upon certain customers, dependencies upon key executives, competition, product liability risk, control by management, development of new competing technology, and other risks detailed in the
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Contact
Robert M. Bernstein
CEO
310-208-5589
SOURCE Material Technologies, Inc.
Source: Business Wire
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