SOURCE: MATECH Corp.

MATECH Corp.

November 17, 2009 07:30 ET

MATECH in Discussions With Major Transportation Agency Regarding Year-Long Bridge Monitoring Program

Long-Term Inspection Program to Focus on High-Profile East Coast Bridge

LOS ANGELES, CA--(Marketwire - November 17, 2009) - MATECH Corp. (OTCBB: MTCH) (www.matechcorp.com) is pleased to announce that it is currently in discussions with a major transportation agency regarding a year-long monitoring and inspection contract on a high-profile East Coast bridge. MATECH's Electrochemical Fatigue Sensor (EFS) System is the only nondestructive method able to detect growing cracks in bridges as small as 0.01 Inches.

Multiple cracking locations have already been indentified on the bridge. The bridge had recently been restricted to truck traffic during peak hours, and has been undergoing major retrofit installations. MATECH's revolutionary EFS System will be used to check these damaged and retrofitted areas.

"We are very pleased to announce yet another potential long-term contract to company shareholders," said Robert M. Bernstein, Co-CEO of MATECH. "We anticipate that the results of the program will represent still another example of the effectiveness and inherent value of our EFS technology."

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.

About MATECH

MATECH Corp, founded in 1983, is an engineering, research and development company based in Los Angeles, CA. The Company specializes in technologies to measure microscopic fractures in metal structures. MATECH is now marketing its patented Electrochemical Fatigue Sensor (EFS) to bridge asset managers, railroad companies, and governmental agencies across the United States and internationally. To learn more, please visit: www.matechcorp.com.

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 Information

  • Contact:
    Stephen Taylor
    Taylor Capital, Inc.
    Phone (973) 351-3868
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