Material Technologies, Inc. (fka MTNA)

[bjaz1974]

News after the bell yesterday...........

Material Technologies' Metal Fatigue Detection Solutions AttractInterest at International Exhibition of Railtrack Technology

Jun 7, 2006 16:05:00 (ET)


LOS ANGELES, CA, Jun 07, 2006 (MARKET WIRE via COMTEX) -- Material Technologies, Inc. (MTNA, Trade ) ("MATECH") reports that its patented metal fatigue detection solutions generated significant interest at the 24th International Exhibition of Railtrack Technology in Germany last week. MATECH's renowned infrastructure engineering authority Dr. Brent M. Phares, PE had several meetings with key railroad industry personnel regarding the advantages of implementing the company's revolutionary Electrochemical Fatigue Sensor(TM) (EFS) inspection system to ensure the integrity of railway structures and equipment.

The International Exhibition of Railtrack Technology provides a forum for decision-makers and experts worldwide to network and exchange ideas regarding the construction and maintenance of modern railroad systems. Exhibitors and attendees included railway operators, railway authorities, engineering consultancies, universities, and industry vendors. Organized by the Association of German Railway Engineers (VDEI), last year the show hosted an estimated 23,000 attendees from more than 16 countries.

MATECH CEO Robert M. Bernstein commented: "The International Exhibition of Railtrack Technology was a very successful event for our company. We were able to discuss the technical and economic benefits of our metal fatigue detection solutions with potential decision-makers, identify advantageous alliances and open up discussions with key organizations."

Mr. Bernstein continued: "Our innovative metal crack detection and monitoring technology generated a great deal of interest and received an excellent response during our meetings. We look forward to following up on the exciting opportunities we have identified."

Because they must withstand constant cycles of heavy loading and have a critical need for structural integrity, railways are an ideal application of MATECH's technology. EFS is the only non-destructive testing solution capable of finding growing metal cracks as small as 0.01 inches, information that can dramatically improve the ability of railroad engineers to prioritize repairs, reduce costs and ensure safety.

The company is receiving significant interest in its products from the industry where, according to the Association of American Railroads, major U.S. freight railroads will spend more than $8.2 billion this year laying new track, buying new equipment and improving infrastructure to improve safety and efficiency.

MATECH's proprietary EFS inspection system can satisfy new welded rail safety improvements and requirements mandated by the $286 billion U.S. Transportation Bill (SAFETEA-LU) signed into law last fall. The legislation requires each railway track operator using continuous welded rail track to include procedures to improve the identification of cracks and improve the methods of inspection of joint bars in continuous welded rail.

About Material Technologies, Inc. (MTNA, Trade )

MATECH is 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. The company's leading edge metal fatigue detection, measurement and monitoring solutions can accurately test the integrity of metal structures and equipment including bridges, railroads, airplanes, ships, cranes, power plants, mining equipment, piping systems and heavy iron. MATECH owns the only non-destructive testing technology able to find growing cracks as minute as 0.01 inches -- critical information that allows structural engineers to isolate and repair the more than 100,000 steel bridges in the U.S. which have been classified as structurally deficient or functionally obsolete by the Federal Highway Administration. MATECH has exclusive rights to seven patents along with $8.3 million in already completed contracts from the US Government for research, testing and validation of its innovative solutions.

To hear more about MTNA from CEO/President Robert M. Bernstein go to: http://www.publiccoreport.net/featured/MTNA/company.asp or visit the company's website at www.matechcorp.com .

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.


Contact:
Robert M. Bernstein,
CEO
[e-mail]
www.matechcorp.com

[phone]


SOURCE: Material Technologies, Inc.


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