SOURCE: Material Technologies, Inc.

September 07, 2005 08:30 ET

Matech Debuts Revolutionary New Technology

LOS ANGELES, CA -- (MARKET WIRE) -- September 7, 2005 --Material Technologies, Inc. (MATECH) (OTC BB: MTNA) recently announced that it is going to begin its first large scale marketing program for its Electrochemical Fatigue Sensor (EFS), a technology which detects metal fatigue and aids in determining the integrity of a structure. In laboratory tests and field tests the Electrochemical Fatigue Sensor (EFS) demonstrated its ability to find smaller cracks in bridges than any other non-destructive test method. It was utilized in tests last year in Ohio, California, Pennsylvania, and New York to detect active fatigue cracks in 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 groundbreaking Electrochemical Fatigue Sensor (EFS) can be applied to virtually any industry in which fatigue of metal is a significant structural issue: Bridges, Aerospace, Turbine Engines, Oil & Gas, Construction, Shipping, etc.

"We are now ready to aggressively market our Electrochemical Fatigue Sensor (EFS) throughout the transportation industry," said Bernstein. "In the bridge industry alone, there are over 100,000 steel bridges 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 and does not require a skilled operator, we are saving engineering authorities time and money by preventing structural collapse and possible human tragedy."

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.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this document looking forward in time involve risks and 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 applicable U.S. Securities and Exchange Commission requirements.

Contact Information

  • Contact:

    Robert M. Bernstein
    President and Chief Executive Officer
    310/208-5589