SOURCE: MATECH Corp.

MATECH Corp.

October 13, 2009 07:30 ET

MATECH to Form Brazilian Subsidiary to Market Its Electrochemical Fatigue Sensor in Brazil and South America

MATECH to Capitalize on Significant Interest in MATECH's EFS Technology by Infrastructure Asset Owners and Large Petrochemical Companies in Brazil

LOS ANGELES, CA--(Marketwire - October 13, 2009) - MATECH Corp. (OTCBB: MTCH) (www.matechcorp.com) is pleased to announce that it is in the process of forming a Brazilian subsidiary to market its Electrochemical Fatigue Sensor (EFS) System in Brazil and throughout South America.

There is substantial interest in the application of MATECH's EFS System by infrastructure asset owners as well as clients in the petrochemical industry in Brazil. In addition, MATECH has discussed a potential partnership with several universities in Brazil in order to fulfill additional R&D desired by large Brazilian companies.

Dr. Monty Moshier, MATECH's Chief Technologist, was recently in Brazil and met with various potential clients in the region. Dr. Moshier discussed the EFS System and its capabilities to determine whether existing cracks on bridges are actively growing, and to detect growing cracks indiscernible by conventional methods. He also discussed the importance of using this technology to verify retrofits and repairs for bridge owners. He presented a demonstration of the EFS and data to show its capabilities.

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 the usual visual inspections), MATECH is helping to eliminate wasted funds by prioritizing repairs and verifying their effectiveness immediately.

Robert M. Bernstein, MATECH's CEO, stated: "This visit and demonstration represents a significant milestone for MATECH and our efforts to bring our EFS System to interested companies and infrastructure asset owners in Brazil. There is tremendous economic activity in the region, and the asset owners and companies are eager to save money through the use 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
    Email Contact