MTTG (Material Technologies) Trades on the otcbb and has a market cap of 36 million dollars. SIVC is now acting as their agent in China. Here's a credible company with a verifiable product line doing business with SIVC.
February 7, 2008 - 10:45 AM EST
S3 Investment Company Announces Representation Agreement for SINO UJE Subsidiary With Material Technologies, Inc. for the China Market
S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with two subsidiaries doing business in the China market, today announced that its SINO UJE subsidiary has entered into a representation agreement with Material Technologies, Inc., a California-based engineering, research and development company that specializes in technologies to measure microscopic fractures in metal structures and to monitor metal fatigue.
MATECH's patented Electrochemical Fatigue Sensor (EFS) System is a nondestructive crack inspection technology, similar in concept to a medical EKG, which is used to determine if actively growing fatigue cracks are present. MATECH's initial focus in China will be in the field of bridge inspections. However, its technology is applicable to many other market sectors, such as general aerospace, ships, cranes, power plants, nuclear facilities, chemical plants, mining equipment, and "heavy iron."
As part of its relationship with SINO UJE, MATECH's Chief Engineer, Dr. Brent Phares, will train a local SINO UJE representative on the fundamentals of the EFS System. It is anticipated that this training will lead to the establishment of a locally based marketing campaign executed by SINO UJE.
"With the Beijing Olympics rapidly approaching as well as increased growth across China due to its economic development, the country is placing more focus on the quality of its infrastructure," commented Jim Bickel, chairman and chief executive officer of S3 Investment Company. "MATECH's services are exactly what is needed to test bridges and other metal structures to diagnose potential problems before catastrophes occur."
Material Technologies ("MATECH"), a publicly traded company, recently announced that it had been invited to meet with several companies to discuss prospective business opportunities in China, and SINO UJE is acting as its representative in China to assist with introductions to the appropriate individuals and departments within the Chinese government that are charged with the safety and development of the country's infrastructure.
Now combine the SIVC PR with this MTTG PR regarding China deals. SIVC will get a piece of all this business.
MTTG Attracts Additional Interest from China
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.”
