Archive for the ‘Material Technologies Inc. MTCH’ Category

$40 Million Approved for Minnesota Bridge-Collapse Victims; Material Technologies, Inc. (MTTG.OB) Continues Fatigue Detection

Wednesday, March 5th, 2008

Nearly seven months after the deadly Interstate 35W Minneapolis bridge collapse of August 2007, the Minnesota House has approved $40 million in compensation to the victims.

In a press release, Rep. Ryan Winkler, DFL-Golden Valley, said the fund will be distributed among the victims, but is a small measure compared to what would be spent repairing the bridge and small compared to the losses of victims and their families.

“The replacement of the steel and concrete of the bridge is $400 million, in rough terms,” Winkler stated.”The federal government is paying for that replacement. Members, we’re paying 10 percent of that to help rebuild the lives of the people who were affected by the tragedy. It’s a small price to pay for the state of Minnesota, and it’s our obligation to do so.”

Current Minnesota law will cap allocations to each victim at $1 million; however, a version snaking its way through the Senate will limit payments to $400,000 per victim, though some survivors of the tragedy say medical bills alone surpass $1 million.

While the state works through the kinks, experts are working to reduce the risk of another bridge collapse through investigations and research. Companies such as Material Technologies, Inc. (OTCBB: MTTG) are being relied upon for their technological advances in metal fatigue detection. The company’s proprietary fatigue technology, Electrochemical Fatigue Sensor, is applicable not only to detect fatigue in bridges, but also ships, railways, nuclear facilities, mining equipment and more.

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Material Technologies, Inc. (MTTG.OB) Announces Training for SINO UJE Representatives

Tuesday, March 4th, 2008

Material Technologies, Inc. (MTTG.OB), an engineering, research and development company specializing in technologies to measure microscopic fractures and flaws in metal structures as well as monitor metal fatigue in real time, recently announced prospective business opportunities in China.

SINO UJE, a China-based non-stocking distributor of medical and industrial high-tech products, will act as the company’s overseas representative with individuals and departments within the Chinese government that handle the safety and development of the country’s infrastructure.

Material Technology’s initial focus in China will be in the field of bridge inspections and safety, but the company’s patented Electrochemical Fatigue Sensor (EFS) System is applicable to many other structures, including ships, planes, power plants and nuclear facilities, planes and mining equipment.

The training of SINO UJE representatives and introductions to Chinese government decision-makers is expected to develop into a locally based marketing campaign of Material Technologies’ products and services. This partnership will also expand the company’s worldwide exposure and is expected to generate a long-term presence for Material Technologies in China.

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Michigan Governor Moves Up $150 million in Bridge Repair Projects, Creating Opportunities for Material Technologies, Inc. (MTTG.OB)

Thursday, February 28th, 2008

The State government decided to escalate the 34-planed transportation projects. They were planned to start 2009 or later, but now they are being moved up as part of a statewide economic stimulus project. The need is clearly great there as the State’s bridges are in dire need of repairs according to many transportation officials.

Many of these projects address old bridges that need structural deficiencies identified. The Company’s technologies do just this. They are able to identify where the old bridges need repair or if they do not. This saves a tremendous amount of costs. The technology also reduces the need for future repair jobs since it identifies almost all of the structural deficiencies unlike manual searches that miss many of the internal problems.

Their technology is extremely advantageous for Michigan state taxpayers as it identifies the problem areas at the lowest cost as quickly as possible. As Michigan faces many transportation problems, they are stretched thin even with the $150 million according to a State transportation official. Therefore, it is easy to see how the company’s technology will help.

Material Technologies is an engineering research company that has developed a proprietary way to inspect metal fatigue in bridges and Metal structures. This is done with its patented (EMS) technology. These products have a wide spectrum of uses on many US bridges and have also shown promising results evaluating windmills and antenna towers, highway signs and aircraft, equipment used in the oil industry, as well as other metal structures subject to fatigue loadings. The company has had widespread interest from foreign countries. They also hold a number of patents in fatigue inspection and continue to research further technologies.

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Material Technologies, Inc. (MTTG.OB) on the Set of MoneyTV

Tuesday, February 26th, 2008

Material Technologies, Inc. (MTTG) was recently featured on nationally syndicated MoneyTVCEO to discuss the company’s patented metal fatigue technology. Donald Baillargeon and Skip Lindeman host MoneyTV to educate the show’s audience through interviews with company CEOs regarding their companies, products, operations and markets.

MATECH CEO Robert Bernstein and COO Marybeth Micelli were featured as guests on MoneyTV to highlight the company’s achievements and operations. As a guest on MoneyTV, the MATECH discussion was broadcasted to 70 million U.S. homes, 45 million homes in Western Europe, the Virgin Islands, and Thailand on the Broad TV Network.

Founded in 1983, awareness of MATECH increased in August of 2007 after a bridge in Minnesota collapsed, killing 13 people and injuring hundreds. The company’s advice was sought due to the reputation of its patented Electrochemical Fatigue Sensor (EFS) technology. The instrument detects fatigue cracks in metals in various structures including bridges, ships, cranes, railways, power plants, nuclear facilities, chemical plants, mining equipment, piping systems and heavy iron.

MATECH also produces the Fatigue Fuse which integrates the effect of fatigue loading in a metal structure, warning inspectors if established fatigue life has been used up. This helps prevent surprise deterioration or failure.

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Beacon Equity Research Issues Trader Note Regarding Material Technologies, Inc. (MTTG.OB)

Friday, February 22nd, 2008


BeaconEquity.com recently highlighted Material Technologies, Inc. (OTCBB: MTTG) in its daily TraderNotes, which provide a brief analysis on active stocks affecting the market, based on news, insider activity and stock movement. Beacon analysts seek out stocks in position to stir the markets before anyone else is aware of them.

“In yesterday’s daily chart, MTTG’s RSI indicator reflects a reading so far of 43.67%, directed towards the neutral zone with the line steeply directed towards the 50% level. MCAD indicator, so far with readings of -0.070 12-day EMA and -0.060 26-day EMA, must return above the 0 level to sustain the upward move. Slow Stochastics indicator with readings of 13.00 %K and 9.17 %D, almost confirms an oversold condition or buying move upon the lines’ crossing back above the 20% level upwards. With share prices hitting the stock’s 52-week low of 0.59 last Feb. 15, a significant support level or buying entry point turned pivot was established to pull up prices 37.5% to their present level,” Beacon reported.

MATECH engages in the research and development of metal fatigue detection, measurement, and monitoring technologies throughout the U.S. The company’s proprietary technology detects and analyzes fatigue damage in a metal component. The technology is applicable to various market sectors, such as bridges and aerospace, as well as ships, cranes, railways, power plants, nuclear facilities, chemical plants, mining equipment, piping systems, heavy iron and more.

The company’s recent stock activity is attributed to a statement earlier this week, announcing that MATECH COO, Marybeth Miceli, was featured on on-line engineering career community Engineering Crossing as one of its “’Engineering Star(s).” Serving as MATECH’s COO, Miceli supervises and directs all company operations including engineering and laboratory operations, bridge inspections, research and development, contract execution, business development, quality assurance, technical presentations, administration operations, and interfacing with government agencies, investors and media.

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Material Technologies, Inc. (MTTG.OB) Holds First Electrochemical Fatigue Sensor Training for Private Inspection Firms

Thursday, February 21st, 2008

Material Technologies, Inc. (MTTG.OB) (“MATECH”), an engineering, research and development company specializing in technologies to measure microscopic fractures and flaws in metal structures and monitor metal fatigue in real time, recently held the company’s first four-day training session for private inspection firms.

The workshop was held in St. George, Utah and covered how to implement an EFS inspection, including receipt of contract, field inspection, collection and analysis of the data, and report preparation. The training including three days of classroom preparation and laboratory training, and on the final day, participants were given a written and practical test.

While conventional bridge inspections are mostly visual, often done by inspectors using binoculars from a distance, MATECH’s monitoring solutions can accurately test the integrity of metal structures with growing cracks as minute as 0.01 inches. Additionally, more than 90 percent of the fatigue cracks are completely missed with visual inspection alone, according to the Federal Highway Administration.

The attending firms and inspectors paid for the training at their own expense in order to provide the EFS inspections to their existing clients in the near future. This technology is expected to revolutionize universal bridge management and inspections.

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Beacon Equity Research Featured Company: Material Technologies, Inc. (MTTG.OB)

Thursday, February 21st, 2008

Material Technologies, Inc. (MTTG.OB) (“MATECH”) is engaged in the research and development of metal fatigue detection, measurement, and monitoring technologies. Their mission is to apply their comprehensive system of technologies to monitor and measure fatigue cracks and their growth.

The Company owns the patent rights to several technology products including the Electrochemical Fatigue Sensor and the Fatigue Fuse. These patented technologies are capable of measuring and monitoring microscopic cracks in metal structures. Material Technologies’ products are applicable in the evaluation of the US aging bridge infrastructure. Material Technologies also intends to market its technologies to operators of windmills and antenna towers, highway signs and aircraft, equipment throughout the oil industry, and various other metal structures affected by fatigue loadings.

Through its technology portfolio, the Company is able to offer highway agencies and private sector bridge owners a full safety package based on periodic inspection (EFS and continuous monitoring (Fatigue Fuse). As evidenced by the Minneapolis bridge collapse, there is an urgent need for improved inspection methods and regulations to prevent future tragedies. Material Technologies, Inc.’s EFS System is a proven solution and has been chosen for the Federal Highway Administration’s (FHWA) Steel Bridges Testing Program.

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Material Technologies, Inc. (MTTG.OB) Technology Gives Drivers Peace of Mind

Wednesday, February 20th, 2008

You may recognize Material Technologies, Inc. (OTCBB: MTTG) from its exposure on Fox News, MSNBC and the Morning Show in response to the deadly bridge collapse in Minneapolis last August. The public sought expert opinion on metal fatigue, responsible for the catastrophe, and turned to the company with technology proven to improve public and private safety.

According to the company, fatigue is the result of metal undergoing repeated cyclic stress. Often times, fatigue cracks aren’t evident to the naked eye, which is the main method of inspection for our nation’s bridges. MATECH’s Electrochemical Fatigue Sensor (EFS) is a crack inspection technology, comparable to a medical EKG. The technology has the ability to detect and monitor growing fatigue cracks.

The benefits to this caliber of technology are obvious. EFS increases the safety of the infrastructure (bridge, airplane, ship …) through quick detection; gives a more accurate reading of condition ratings, therefore extending the life and safety of the structure; prioritizes fatigue cracks by determining which need immediate attention and which can be deferred; and allows repairs to be inspected and rated immediately.

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Material Technologies, Inc. (MTTG.OB) Shares Climb 37% in Wednesday’s Trading

Wednesday, February 20th, 2008

Shares of Material Technologies, Inc. (OTCBB: MTTG) opened at 26 cents Wednesday morning, moving up 37% to 35 cents on volume of 2.2 million near noon CST. The kick may be attributed to recent attention to the company when its COO, Marybeth Miceli was named one of Engineering Crossing’s “Engineering Stars.”

Miceli was featured in a published interview highlighting her career achievements within the engineering field, her inspiration to young engineers, and her current position with MATECH.

MATECH is an engineering research and development company focused on technologies to detect fractures and flaws in metal structures that may not be apparent to visual inspection. The company’s proprietary technology is applicable to bridges, railroads, airplanes, ships, cranes, power plants, mining equipment, piping systems and heavy iron.

MATECH holds exclusive rights to seven patents, as well as $3.8 million worth of secured and completed contracts from the U.S. Government for research, testing and validation of innovative solutions.

The company was launched into the national spotlight in August of 2007 when a bridge in Minneapolis, Minn., collapsed, killing 13 people and injuring hundreds more. Immediately, the company’s positive reputation, experience and technology were sought for solutions to the increasingly evident issue of metal fatigue in American’s bridges.

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Material Technologies, Inc. (MTTG.OB) COO Featured as Engineering Star

Tuesday, February 19th, 2008

Material Technologies, Inc. (OTCBB: MTTG) today announced its seasoned COO, Marybeth Miceli, was spotlighted on Engineering Crossing for her achievements in the engineering industry. The online community named Miceli one of its “Engineering Stars.”

“I am pleased to see Ms. Miceli be recognized for her impressive career,” Robert Bernstein, MATECH’s CEO stated in the press release. “This profile details why she is the perfect person to lead the operations of MATECH and take us to the next level.”

The interview details Miceli’s education and career path, as well as her efforts to inform students of what to expect with an engineering career while educating young engineers new to the field.

“It is so important that young engineers and students are exposed to all the different career paths available with an engineering education,” Miceli stated. “I am so excited to be a part of the MATECH team, doing what I am passionate about, helping to ensure the safety of our infrastructure through innovative inspection technologies. It is a privilege to be able to share that with others.”

MATECH engages in research and development of metal fatigue detection, measurement, and monitoring technologies in the U.S. The company’s technology is applicable to an array of sectors including bridges, aerospace, ships, cranes, railways, power plants, nuclear facilities, chemical plants, mining equipment, piping systems, heavy iron and more.

Serving as COO, Miceli is responsible for supervising and guiding MATECH’s operations, including laboratory operations, bridge inspections, research and development, contract execution, business development, quality assurance, technical presentations, administration operations, and interfacing with government agencies, investors and media.

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Material Technologies, Inc.’s (MTTG.OB) COO, Marybeth Miceli, Named One of Engineering Crossing’s Stars

Tuesday, February 19th, 2008

Material Technologies, Inc. (MTTG.OB), an engineering, research and development company specializing in technologies to measure microscopic fractures and flaws in metal structures, announced that the company’s chief operating officer, Marybeth Miceli, was named one of Engineering Crossing’s Engineering Stars.

In her current role as COO, Ms. Miceli supervises, directs and leads all company operations, including engineering and laboratory operations, research and development and bridge inspections. She also interfaces with government agencies, investors and media.

In her profile from Engineering Crossing, interviewer Akbar Ali focuses on Ms. Miceli’s areas of expertise, which include infrastructure management, nondestructive evaluation, materials testing, failure analysis and structural remaining life assessment. In addition, Ms. Miceli is committed to getting America’s youth and young adults involved in engineering. She works to expose the various career paths available with an engineering degree.

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Material Technologies Inc. (MTTG.OB) Inspects Nine Pennsylvania Bridges with Great Success

Friday, February 8th, 2008

This budding bridge inspection company developed a technology that inspects bridges for microscopic cracks and fatigue with their EFS system. Last year they effectively inspected nine bridges in the Pennsylvania area. They conducted them as part of an effort to determine existing cracks and needed repair. Its system helped the state identify the cracks that needed attention and ones that did not, which efficiently allocate the state resources.

Electrochemical Fatigue Sensor or (EMS) was used to inspect the cracks in the bridges. When the EMS is used, it can detect if there are actively growing fatigue cracks in the metal structure. The process begins with placing the EMS on a fatigue sensitive area of the Metal structure. An electrolyte is injected and a small current is run through the system. The EMS then monitors any changes in the electrical current. The machine then computes the level of stress, how bad the crack is, and if repair is needed. One of the major advantages of this product is its ability to detect cracks that the human eye cannot.

What makes the EMS system so beneficial is its ability to identify potentially dangerous cracks and those that do not pose a threat. The technology is also used retroactively to monitor repairs done. It identifies the repairs that need additional attention and those that are no longer growing.

The CEO Robert Bernstein stated, “Being able to prioritize repairs to these bridges is an invaluable result of the EFS inspection. In addition, by being able to immediately verify the effectiveness of repairs, we help to eliminate the ‘wait and see’ method. This kind of objective information allows bridge owners to sleep at night.”

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Material Technologies, Inc. (MTTG.OB) – S3 Investment Company Inc. (SIVC.PK) Makes the Infrastructure Testing Introductions in China

Thursday, February 7th, 2008

S3 Investment Company Inc. (SVIC) announced today that its China subsidiary will represent Material Technology Inc. (MATECH) of California with its selling processes of unique molecular steel fracture testing equipment in the Chinese market. The Subsidiary, SINO UJE, will train with the equipment in hopes of offering it to Chinese infrastructure companies through a full range of marketing activities.

The market for this non-destructive testing equipment in China is large (as is the market within the US) and growing as the Chinese government continues to modernize and build an industrial infrastructure. Accessing this building boom, however, is not as simple as it may sound. In Western economies there is a competitive bidding system along with some “getting to know you” activities. In China, the system of entering a market relies on knowing the correct people in government and reacting to business proposals with a certain protocol. SINO UJE will aid Materials Technology Inc. in the bidding process with introductions and negotiations with potential customers.

Commenting on the partnership, Jim Bickel, chairman and chief executive officer of S3 Investment Company, stated, “We are pleased that they have chosen SINO UJE to represent MATECH in the China market, and we look forward to a long and mutually beneficial relationship with this company.”

Materials Technology Inc., a research and development company specializing in measurement and monitoring of metal fatigue, hopes that other monitoring contracts will follow from around the globe as successes in China and the US are made. Other areas where the equipment can be used include: bridges, railways, boat hulls and airplanes. The company has seven patents and hopes to increase its present US government contracts from $8.3 million.

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Material Technologies Inc. (MTTG.OB) Announces Chief Scientist to Present at ASNT Spring Symposium

Thursday, February 7th, 2008

Material Technologies Incorporated proudly announced today that their Chief Technologist, Dr. Monty Moshier, has been selected to present his recent findings at the American Society of Nondestructive Testing’s spring symposium. Dr. Moshier, who earned his Ph.D.in Mechanical Engineering from Perdue University and his M.S. in Mechanical Engineering from Virginia Polytechnic Institute, will be presenting his paper describing the capabilities of Material Technologies’ Electrochemical Fatigue Sensor (EFS) technology and its practical uses.

The ASNT spring symposium will be a 5 day conference taking place in Anaheim, CA, running through April 4th. The conference will cover the state of the art technologies in the inspection industry. Dr. Moshier’s paper will be presented at a special infrastructure focus session on April 1st at the Hyatt Regency, Orange County. This symposium serves as a professional forum for communication and promotion of nondestructive technology transfer among researchers, engineers, inspectors and equipment makers.

When asked to comment on Dr. Moshier’s election to present at the symposium, CEO of Material Technologies, Robert Bernstein said, “Dr. Moshier has been a long time integral piece of the MATECH team and has been key in the further development of the EFS system from his days back with the U.S. Air Force. We are very pleased he is presenting the current exciting work being performed with the EFS system. Further this ASNT Conference will help us gain additional international exposure. The EFS system will be a fundamental part of the inspection industry as we move forward. It is already being recognized by transportation officials as the state of the art standard for bridge inspections.”

The conference will definitely put Material Technologies Incorporated into the spotlight and highlight their significant breakthroughs in this very specific field. Their EFS system should turn many heads this year, as it has been tested and proven on many bridges in the past year. The publicity and exposure that will be generated by Dr. Moshier’s presentation at the conference this week should be an overwhelmingly positive step for the company.

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Material Technologies Inc. (MTTG.OB) – Maintaining American Infrastructure is a Necessity

Tuesday, February 5th, 2008

A recent article in the New York Times by columnist Bob Herbert discussed the issue of continuing investment in infrastructure. Following is an excerpt from the article:

“The need for investment on a large scale — and for the long term – is undeniable. According to the American Society of Civil Engineers, in a study that should have gotten much more attention when it was released in 2005, it would take more than a trillion and a half dollars over a five-year period to bring the U.S. infrastructure into reasonably decent shape…”

In response to this column a letter was published, signed by the governors of Pennsylvania and California, and the mayor of New York City, that said in part:

“As state and local leaders, we are intimately aware of how critical infrastructure is to ensure our nation’s economic health, keep our families safe, and create vibrant and sustainable communities. Yet while states and cities have significantly increased infrastructure spending in recent years, federal spending has been flat. Three out of every four infrastructure dollars now come from states and cities…”

Fortunately there is a solution to the problem of balancing our budget and properly maintaining our infrastructure. The ultimate solution to this dilemma is found with Material Technologies Inc. The company makes an electronic fatigue sensor (ESF) that can quickly and cost effectively test steel structures for flaws and weaknesses. The technology is being used for three purposes: the first way is as a means of prioritizing already limited repair and rehabilitation funds, secondly as a traditional inspection tool since EFS finds cracks smaller than other technologies which leads to less expensive repairs, and lastly as a repair/retrofit verification device.

The EFS technology deployed by Material Technology has been used to test 20 different highway and railroad bridges successfully. The testing provides immediate feedback to the owner, which can most importantly lead to discontinued use of the bridge and therefore stop damage to the bridge before it gets worse. This immediate feedback and response can save money that would normally be spent to fix additional damage caused by untimely closure. This technology is not limited to just bridges, but is effect in any infrastructure made of steel and heavy iron.

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Material Technologies Inc. (MTTG.OB) Holds First Electrochemical Fatigue Sensor Training for Private Inspection Firms

Monday, February 4th, 2008

Material Technologies Inc. held its first 4-day training program for private inspection firms. Company officers and inspectors attended the four-day training in St. George, Utah last week to learn how to implement an electronic fatigue sensor (EFS) inspection, which includes: receipt of contract, field inspection, collection and analysis of the data, and the preparation of a report. Attendees of the training session participated in 3 days of classroom and laboratory training with written and practical testing on the final day.

The EFS technology that Material Technologies has developed is being used by the Federal Highway Administration as well as individual State Highway Administrations. The technology is being used for three purposes. The first way is a means of prioritizing already limited repair and rehabilitation funds, secondly as a traditional inspection tool since EFS finds cracks smaller than other technologies, which leads to less expensive repairs, and lastly as a repair/retrofit verification device.

Typical bridge inspections are conducted visually, and often from great distances, which is quickly proving to be inadequate for the nearly 200,000 aging bridges in the United States. These visual inspections typically miss fatigue cracks and stress fractures that Material Technologies EFS can easily detect. Material Technologies’ CEO, Robert M. Bernstein, says, “We are very pleased to be partnering with these companies in order to bring this indispensable technology to bridge owners. Already, these engineers have come up with other uses for the technology with their existing clients. We are all very excited about the prospects.”

Material Technologies is widely viewed as the global leader in metal fatigue detection technologies. Following the August 1, 2007, bridge collapse in Minneapolis, the CEO, CFO and project engineers were interviewed by Fox News, MSNBC and the Morning Show of CBS. Metal fatigue is not only a serious factor in bridge safety, but Material Technologies also uses its EFS technology to prevent failure of ships, trains, trucks, steel buildings and even nuclear reactors.

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A Recent Report Reveals Many US Bridges are Unsafe; Material Technologies Inc. (MTTG.OB) EFS System can Identify Weaknesses at Significant Savings

Thursday, January 31st, 2008

In latest news, a MSNBC reporter concluded in light of an investigative report that many of the nation’s bridges are structurally deficient and in need of repairs. These bridges that put travelers at risk do not receive regular inspections mandated by federal law due to the extremely high costs associated with conventional bridge inspections. These conventional inspections also miss as many as 90% of the cracks in steel structures. This puts many people that use the bridges at serious risk as realized in the Minneapolis Bridge incident.

Current law requires that US bridges are inspected every two years. However many believe that problem bridges need much closer monitoring. Conventional methods cannot identify which of the cracks could cause potentially catastrophic structure failure as Material Technologies’ EFS system can.

The reason many bridges go uninspected is the huge costs associated and budget limitations of state departments. They are looking for ways to reduce these costs and Material Technologies’ EFS system fills their need. Its system offers a substantial savings of time and money over conventional methods.

What makes the EFS technology so remarkable is its ability to find cracks as small as .01 inches. This enables engineers to fix problem areas as soon as possible to prevent further damage which subsequently increases repair costs.

Six states have already used the EFS technology in over 25 bridge inspections with great success. Robert M. Bernstein, the CEO, believes that their EFS technology, “Will save many repair and rehabilitation dollars by its timely use, as well as avoiding lane and bridge closures which can have a devastating effect on local commerce, not to mention avoiding potential tragedies of bridge failures.”

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Material Technologies, Inc. (MTTG.OB) Share Price Escalates 20.19% During Wednesday’s Trading Hours

Wednesday, January 30th, 2008

Today MTTG continued yesterday’s 15.5% gain by increasing an additional 20.19% today. Since we initiated coverage on the 14th of this month, the stock has went from $0.41 to a high of $1.01. Volume has also increased significantly as the 10-day average is now 1.18 million shares compared to the previous 44,000.

In recent news the company announced that its Chief Engineer will be meeting with several companies to discuss potential business opportunities in China. The CEO, Robert M. Bernstein, stated, “China is expected to be a huge target market for the EFS system in the coming years. The number of bridges and railroads in the country that would benefit from our technology is absolutely staggering. In advance of the Beijing Olympics and in support of the astronomical growth, the Chinese government has been dedicating significant resources to the development of that nation’s infrastructure.”

Material Technologies owns the only nondestructive testing technology that is able to find growing cracks as small as 0.01 inches. The information its Electrochemical Fatigue Sensor (EFS) System can provide is critical as more than 100,000 steel bridges in the nation have been categorized as structurally deficient or functionally obsolete by the Federal Highway Administration.

Those who are interested in learning more about Material Technologies can listen to an interview conducted with the CEO at the following link: http://www.publiccoreport.net/featured/MTNA/company.asp

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Material Technologies, Inc. (MTTG.OB) Attracts Additional Interest from China

Tuesday, January 29th, 2008

Material Technologies, Inc. announced this morning that its Chief Engineer, Dr. Brent Phares, has been invited to meet with a number of companies to discuss future business opportunities in China.

The companies Mr. Phares will meet with could license Material Technologies’ EFS sensor technology or act as inspection entities. While visiting, the Chief Engineer will educate a local representative about the Electrochemical Fatigue Sensor (EFS) System. The Company anticipates that the training will lead to the organization of a locally based marketing campaign.

MATECH’s CEO, Robert M. Bernstein stated, “China is expected to be a huge target market for the EFS system in the coming years. The number of bridges and railroads in the country that would benefit from our technology is absolutely staggering. In advance of the Beijing Olympics and in support of the astronomical growth, the Chinese government has been dedicating significant resources to the development of that nation’s infrastructure.”

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Material Technologies, Inc. (MTTG.OB) Bridge Market

Monday, January 28th, 2008

Materials Technologies, Inc. (MATECH) will market its EPS product, a nondestructive crack inspection technology, to the federal government, state-level department of transportation agencies, 42 bridge authorities, military agencies, railroad companies and other privately owned transportation and construction based firms. The U.S. Congress has publicly acknowledged the problem of the nation’s aging surface transportation system, and has passed legislation for rehabilitation including the Intermodal Surface Transportation and Efficiency Act (ISTEA) and the Transportation Equity Act (TEA-21).

Replacing and retrofitting bridges is extremely costly; thus, states are required to have an effective bridge management system in place in order to receive funding through ISTEA.

The lack of a viable, cost-effective and dependable system to manage the life span and safety of a bridge has kept final regulations to implement this mandate. Additionally, the $200 billion TEA-21 Act allocated $9 billion in 2000 for bridge deterioration and replacement; however, this funding was for the most part untapped because a proven, effective bridge management system was not available.

The United States’ bridge infrastructure today includes approximately 610,390 bridges, of which 44,650 bridges are rated “structurally deficient” by Federal Highway Administration (FHWA) guidelines and require immediate attention. Bridge replacement cost, as estimated by the FHWA, is $104 per square foot, or more than $20 billion.

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Material Technologies, Inc. (MTTG.OB) Operational Considerations

Monday, January 28th, 2008

The Electrochemical Fatigue Sensor (EFS), Material Technologies’ (MATECH) proprietary nondestructive crack inspection technology, is designed to detect cracks in structures under live loads such as highway bridges. The EFS sensor increases the safety of metal infrastructures and the efficiency of bridge management by providing more timely fatigue crack detection. This product does not require a skilled operator and can detect cracks as small as 0.01 inches in steel, aluminum, titanium alloys, and other metals.

Several organizations have conducted beta tests with MATECH’s EPS technology on actual bridges and have confirmed that the device accurately detects growing cracks in bridge steels. Additional testing was completed on bridges in California, New York, Ohio and Pennsylvania. The results utilizing EFS were verified with more conventional inspection methods. In at least one instance, EFS detected cracks that were not discovered by an eddy current survey.

Another MATECH product, the Fatigue Fuse, is used to monitor the construction and reliability of aircraft, ships, bridges, conveyor systems, mining equipment, cranes, and more. Westland Helicopter, a British firm, tested the Fatigue Fuse on helicopter hub housings and successfully determined that the legs of the Fuses failed in sequence as predicted. Fatigue Fuses are currently being utilized on portable aluminum bridges for the United States Army.

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Material Technologies, Inc. (MTTG.OB) has Received Significant Media Attention

Monday, January 28th, 2008

Material Technologies has been highlighted in a number of prominent publications that have written about the growing concern of our eroding infrastructure of bridges and other metal structures. In addition to appearing in editions of the Los Angeles Business Journal and the Los Angeles Times, the Company has also appeared in two influential and widely read McGraw-Hill business publications.

From discussing advantages of Material Technologies’ Electrochemical Fatigue Sensor (EFS) technology to the recent Minneapolis bridge tragedy, newspapers have also noted that the Company has received inquiries from five state transportation departments. Not only does EFS sensor technology better detect cracks, but it also effectively determines if repair work has had an effect in stopping growing cracks at a competitive price compared to other nondestructive crack-detecting technologies.

Recently the company was also featured by the History Channel’s Modern Marvels television series. The program included discussion on several recent disasters that might have been prevented if Material Technologies’ EFS sensory was used. Comments made by MTTG personnel after the Minneapolis I-35 bridge collapse was also included in the program.

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Material Technologies, Inc. (MTTG.OB) Reaches into a Large Untapped Market Opportunity

Monday, January 28th, 2008

Material Technologies’ flagship product, the Electrochemical Fatigue Sensor (EFS), has enormous potential to capitalize in a large untapped market. The EFS technology can identify small, growing cracks in metal structures more accurately and more precisely than the methods currently used. Using this advanced technology, engineers can direct available repair funds to their best use.

Federal law requires periodic bridge inspection and there are approximately 200,000 steal highway bridges that are subject to inspection every two years, not to mention other structures with required periodic inspection such as tunnels. Material Technologies is positioned with the right product at the right time as the average age of US bridges is more than 50 years and most US bridges were designed to only last for 50 years.

In addition to its EFS sensor, the Company has another unique and innovative product, which is designed to be used between bridge inspections. This product, the Fatigue Fuse, is placed on a high-stress area of a metal structure to monitor additional cracking in real-time. As a metal structure stresses and strains, notches of the Fatigue Fuse crack and separate at calibrated fractions to indicate the precise fatigue level.

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Material Technologies, Inc. (MTTG.OB) – Saving the Nation’s Bridges One Crack at a Time

Monday, January 28th, 2008

According to the Federal Highway Administration, 2,160 of Pennsylvania’s 7,605 steel bridges are “structurally deficient,” and another 1,651 bridges aren’t even usable. Those numbers are staggering, yet the FHWA reports that 90% of fatigue cracks are overlooked by inspectors using visual methods, and 56% of ratings are inaccurate. For this reason, the FHWA chose Material Technologies, Inc. (OTCBB: MTTG) to participate in the administration’s Steel Bridges Testing Program to study inspection methods capable of identifying existing and growing cracks in bridges.

Per the agreement, the FHWA will purchase Material Technologies’ Electrochemical Fatigue Sensor (EFS) technology, and will receive training and support from the Company regarding the system’s use and testing. The technology can detect small, growing fatigue cracks in metal structures including ships, bridges and more. Identifying these cracks can help prevent disaster and allow for needed repairs.

First used in Pennsylvania, the Company’s technology has also been evaluated in more than 20 field tests on highways and bridges across the nation, prompting use of the system in Utah, Massachusetts and New Jersey.

The company also acquired Nondestructive Assessment Technologies, which enables access to the Pulsed Eddy Current Instrument, a device that provides a visual display of fatigue in metal due to corrosion in the metallic and nonmetallic layers.

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Material Technologies, Inc. (MTTG.OB) – Management Depth, At All Levels

Thursday, January 24th, 2008

Whenever we in the investing realm decide to take a look at a company, there are a couple fundamental issues we like to examine right up front. One of course is the question of market demand. You might indeed build the finest product on the planet, but if no one needs or wants it, it’s simply not going to sell. The patent office is full of tremendous drawings, none of which ever made it to market simply because there was no demand.

In the Case of Material Technologies Inc., or “MATECH” as we affectionately know them, this isn’t an issue; there is more demand than they could ever service. Let’s give an example for illustrations purposes. Material Technologies Inc. is an engineering, research, and development company that provides technology solutions for detecting, measuring and monitoring metal fatigue in metal structures and equipment. By utilizing patent protected technology, Matech has the ability to monitor metal stress and fatigue, and assign real world values to any changes in a structure’s integrity. Their main thrust has been in policing the nations tired , worn out, bridge and tunnel infrastructure. With the Highway department suggesting that some 150,000 + bridges are structurally unsound, and that the remaining 400,000 are in need of monitoring, MATECH has the demand side of the coin wrapped up. They are already being used in various Department of Transportation agencies in Pennsylvania, New York and elsewhere.

So, if demand and market niche isn’t a stumbling block, the next thing we like to look at is the management team. Does the company employ the kind of people that can get the job done? Do the people at the top really understand the product and its benefits? At MATECH not only is this “not an issue”, we are often astounded at the depth of the collective knowledge the team brings to the table.

Of the five people directly involved in management positions, two have Ph.D’s in metal engineering and structure. As impressive as that is, it’s only the beginning of a management resume that reads like a who’s who. Monty Moshier, Ph.D., Chief Technologist, obtained his Ph.D. in Mechanical Engineering from Purdue University and his M.S. in Mechanical Engineering from Virginia Polytechnic Institute & State University. He Managed the High Cycle Fatigue Lab at the Air Force Research Laboratory of Materials & Manufacturing Directorate at Wright-Patterson AFB, Ohio. The air force is obviously very interested in metal fatigue as their most precious elements, namely pilots, depend on metal’s structural integrity every time they get in a plane.

Campbell Laird. Ph.D.. Chief Researcher, has published over 250 papers concerning metal fatigue, and has held such positions as a Senior Research Scientist, Ford Motor Company; a Battelle Visiting Professor (Electron Microscopy), Ohio State University; a Professor, University of Pennsylvania, where he was Chairman, Department of Metallurgy & Materials Science; Gast-Professor of Physics, University of Vienna; and Visiting Professor of BioMetallurgy, University of Sorbonne, Paris. He is presently Professor and Graduate Group Chairman, Department of Materials Science & Engineering, University of Pennsylvania.

Brent M, Phares, Ph.D., Chief Engineer, received his Ph.D. at Iowa State University in Civil Engineering – Structures in Aug., 1998. He is Associate Director for Bridges and Structures at Iowa State University, Center for Transportation Research and Education where he is responsible for the daily and long-term administrative, research, and education activities related to bridges and structures. He is also Bridge Engineer for the Iowa Department of Transportation. Maybe “best of all” is that Brent has been awarded grants from the National Science Foundation, the Iowa Highway Research Board, and the Federal Highway Administration. This is a man that people with very deep pockets listen to.

We can go on and on, from Marybeth Miceli, Chief Operating Officer, with over 12 years of nondestructive evaluation and testing of civil infrastructure, and who currently sits on the board of directors for the American Society for Nondestructive Testing, to Bob Bernstein himself, the President, CEO and Chairman of the Board. Bob’s been responsible for obtaining in excess of $8,000,000 from the US Government for research and development, congressional sponsorship for the technology, US Airforce interest for using the technology in its aging aircraft project, and support from the Federal Highway Administration for Bridge Monitoring Systems. Shall we go on? No the point’s been made.

When you couple all the demand from the various aging metal bridges, towers, cranes, windmills, tunnels, aircraft, ships, and any other area that metal fatigue can damage or even destroy, with the people that best understand the issues and the way to monitor or even solve them, we feel you have a winning combination. The company has the management team with the background and resources to make a significant impact on such Nationwide enterprises such as the Federal Highway Association, and the public is demanding that the FHA more closely monitor and repair the nation’s infrastructure.

We feel MATECH will be found to be the “go to” company for more and more federally sponsored projects, and that should indeed bring a smile to investors’ faces. Stay tuned, this is an exciting area.

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