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Contact: Robert M. Bernstein Material Technologies, Inc. 1.310.208.5589 matech@matechcorp.com MATECH Joins Forces With Global Corporation, Northrop Grumman. Joint Effort Combines Northrop Grumman's Extensive Market Presence With MATECH's Breakthrough EFS Technology Los Angeles, CA- September 11, 2009 - MATECH Corp. (OTC Bulletin Board: MTCH - News) - (MATECH) is pleased to announce that the Company is working with global leader Northrop Grumman to help secure the nation's infrastructure and save bridge owners money from the cost of unnecessary repairs. The two companies are currently in talks with several public and private bridge owners which are expected to result in significant project contracts. The joint effort will combine Northrop Grumman's global presence as well as expertise in project management, Sensor Information Systems (SIS) and systems integration with MATECH's breakthrough, the Electrochemical Fatigue Sensor (EFS) System. MATECH's EFS is the only nondestructive method able to detect growing cracks in bridges as small as 0.01 inches. The effort to secure the nation's infrastructure will focus on providing bridge owners with bridge management information previously unavailable to them. This will help the bridge owners prioritize repairs and determine the efficacy of the repairs immediately, as well as detect growing cracks on their structures previously undetected by conventional nondestructive testing (NDT) methods. Robert Bernstein, CEO of MATECH, stated: "We are extremely pleased to be now working with a global leader such as Northrop Grumman in our effort to provide a cost effective solution to the infrastructure crises in the United States. Since joining forces with Northrop Grumman, MATECH has witnessed a substantial increase in interest for our EFS technology from bridge owners and municipalities across the nation. We look forward to a long and prosperous relationship with Northrop Grumman." 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 visual inspection), MATECH is helping to eliminate wasted funds by prioritizing repairs and verifying their effectiveness immediately." About Matech Corp. (MTCH.OB) MATECH Corp., formerly Material Technologies, Inc., was founded in 1983 and is based in Los Angeles. It is an engineering, research and development company that specializes in technologies to measure microscopic fractures in metal structures and to monitor metal fatigue. The Company has already completed significant work for the federal government -- generating $8.3 million to develop technology to detect metal fatigue in aircraft. It has also received $5 million in private investments. Building on that base, it is now marketing its technologies to companies and government agencies involved in the inspection of metal highway and railroad bridges.. 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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| aus der Diskussion: | MATECH Corp. seit 1983 im Geschäft nun der Durchbruch? Die Zeichen der Zeit scheinen günstig |
| Autor (Datum des Eintrages): | Karpatenaal (13.09.09 09:44:22) |
| Beitrag: | 73 von 145 (ID:37969014) |
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