SOURCE: IOCircuit

May 04, 2006 07:00 ET

(OTC: MTNA) Sets Sights on $8.2 Billion Railroad Industry

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA -- (MARKET WIRE) -- May 4, 2006 -- The IO Circuit recommends Material Technologies, Inc.'s (OTC BB: MTNA) ("MATECH"), which announced that it is targeting the growing railroad industry and receiving significant interest in its innovative metal fatigue detection solutions. According to a report published by the Association of American Railroads (AAR) last month, major freight railroads will spend more than $8.2 billion in 2006 laying new track, buying new equipment and improving infrastructure. MATECH's patented Electrochemical Fatigue Sensor™ (EFS) technology can accurately measure microscopic growing cracks and metal fatigue in railway tracks and equipment, enabling railroad engineers to improve safety, optimize repairs and increase efficiency.

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Other active stocks are Advanced Digital Information Corporation (NASDAQ: ADIC), PHAZAR CORP (NASDAQ: ANTP) and Taylor Devices, Inc. (NASDAQ: TAYD).

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