SOURCE: MATECH Corp.

MATECH Corp.

November 16, 2009 07:30 ET

MATECH Performs EFS Testing on Bridges for Federal Highway Administration

LOS ANGELES, CA--(Marketwire - November 16, 2009) - MATECH Corp. (OTCBB: MTCH) (www.matechcorp.com) is pleased to announce that it will perform services on bridges for the Federal Highway Administration (FHWA) during the remainder of 2009 and 2010. MATECH will utilize its leading technology, the Electrochemical Fatigue Sensor (EFS) System, in these inspections as part of the FHWA's federally mandated Steel Bridge Testing Program (SBTP) Phase II. MATECH's EFS System is the only nondestructive method able to detect growing cracks in bridges as small as 0.01 inches.

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.

This effort, set to commence the coming weeks, will involve a week's worth of fieldwork, as well as subsequent analysis and reporting. Results will provide the bridge owner with invaluable information about the growth activity of the cracks in the bridge structural steel members, as well as the efficacy of repairs already completed on the structures.

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 to be continuing this effort with the FHWA," said Robert M. Bernstein, CEO of MATECH. "Results of this Steel Bridge Testing Program will be invaluable to the industry. We anticipate that the results of the program will represent yet another example of the effectiveness and inherent value of our EFS technology."

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) and other advanced crack-detection technologies 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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