SOURCE: Material Technologies, Inc.

January 10, 2006 08:00 ET

Pennsylvania and Massachusetts Show Interest in Matech's Patented EFS Technology

LOS ANGELES, CA -- (MARKET WIRE) -- January 10, 2006 -- Material Technologies, Inc. (OTC BB: MTNA) ("Matech") announces that at least two States, Pennsylvania and Massachusetts, have shown very serious interested in utilizing Matech's patented EFS technology.

Interest in EFS by Pennsylvania, Massachusetts, and other States has been spurred by a recent $268 billion transportation bill, in which $5 million has been allocated to help states use non-destructive methods such as EFS to test growing cracks in steel bridges. The Highway Departments in these states are very concerned about the conditions of their steel bridges, and are interested in exploring every avenue to maintain their safety and structural integrity.

The EFS is the only ND (Non Destructive) technology that can find cracks below the surface as small as 0.010 inches, and is capable of measuring and monitoring the rate of growth of the crack. This is critical information that will allow structural bridge engineers to fix the specific bridges in dire need of repair. Until now, this technology has not been made publicly available.

"We expect many more States to approach us this year and we look forward to using our EFS technology to help them to greatly improve their success ratio in focusing repairs on the most structurally damaged bridges," says Robert M. Bernstein, the CEO of Material Technologies, Inc. "This is a very exciting time for us and the bridge industry, as we believe that our patented technology will make a significant contribution to the safety and integrity of the nation's 200,000 metal bridges that come under the Federal inspection mandate."

Matech is engaged in the research and development of metal fatigue detection, measurement, and monitoring technologies. As such, the Company has developed a suite of devices for the non-destructive testing [NDT] of metal fatigue and monitoring of structural integrity. These technologies can be applied in virtually any industry in which metal is a significant structural component; i.e.: Bridges, Aerospace, Turbine Engines, Oil & Gas, Construction, Shipping, etc.

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.

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