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(MTTG) Material Technologies, Inc.
11661 San Vicente Boulevard
Suite 707
Los Angeles, CA 90049
USA
Website: http://www.matechcorp.com
Phone: (310) 208-5589
http://www.matechcorp.com/video.php?docId=11260596422565997 MTCH CEO ON FOX NEWS
http://www.matechcorp.com/video.php?docId=-7259436493960855271 MTCH COO ON FOX NEWS
http://www.matechcorp.com/video.php?docId=-323893484070709211 MTCH PROJECT Mgr. ON MSNBC
http://www.matechcorp.com/video.php?docId=-6319698361125173509 MTCH COO ON THE MORNING SHOW
| ABOUT BRIDGES |
| To see an Acrobat File of the Joint Presentation of Northrop Grumman and Matech demonstrating Northrup's Sensor Information System of which MATECH's Electrochemical Fatigue Sensor is an important part, click here. http://www.matechcorp.com/doc/nycpresentationv1web.pdf The nation's bridge infrastructure system is aging and needs extensive repair. There are approximately 600,000 bridges in the nation's inventory. 105,981 steel bridges are structurally deficient or functionally obsolete in important areas, according to the Federal Highway Administration (FHWA). These bridges are a rapidly developing natural disaster, collectively comprising almost $400 billion of repair liability, impending accidents, and potential disruption of the nation's ability to conduct commerce. For more details, see Bridge Data. For some unfortunate examples of bridge neglect, see Horror Stories. In 1997 the US Government spent in excess of $5 billion to rehabilitate existing bridges. The need for increased spending accelerates significantly each year as the infrastructure ages and as inflation increases. Analysis by infrastructure economic experts, including the Federal Highway Administration, confirms that approximately $9 billion per year is the minimum required to maintain the status quo with presently used construction methods. The US client base for EFS-based monitoring consists of the US Government, the 50 states and their local government agencies, 42 bridge authorities, 3 military agencies, and 48 railroads. Recognizing the problem of our aging surface transportation system, Congress has enacted legislation for its rehabilitation including the Intermodal Surface Transportation and Efficiency Act (ISTEA) in 1991 and the Transportation Equity Act (TEA-21) in 1998. The unacceptably high cost of retrofitting and replacing bridges impelled an ISTEA mandate that the States demonstrate they have an effective bridge management system in place in order to receive funding. To this date, final regulations to implement this mandate have not been published because no viable, dependable system to manage bridges has evolved. The follow-on TEA-21 Act funded $200 billion for surface transportation, with $29 billion for the year 2000. Of this, $9 billion was budgeted for bridges; however, this funding was for the most part untapped because a proven, effective bridge management system had not been available. EFS-based monitoring will play a key role in this arena. The US Government must now preside over the accelerating deterioration of the 610,389 bridges that make up the nationwide bridge infrastructure. Approximately 100,000 bridges are rated "structurally deficient" using Federal Highway Administration (FHWA) guidelines, and this number is increasing annually despite remedial actions taken. A specific population of what is defined as the average bridge - two and half spans - numbers 25,161 bridges, and require immediate repair. The cost, as estimated by the FHWA, reported in the NBI data, is $104 per square foot, or more than $20 billion. In this context the excellent test results of Matech’s EFS and FF on bridges in several states is highly relevant and advantageous. See the Press Releases of November 17, 2004, September 27, 2004 and June 8, 2004 and Operational Considerations. The FHWA study states: |
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| Business History | |
| The Electrochemical Fatigue Sensor (EFS™) In 1992, Dr. Campbell Laird and Dr. Yuanfeng Li invented the EFS™. The EFS™ relies on a patented electrical test method, which monitors the current flow at the surface of a metal while it is being mechanically flexed. The output current resembles a heart’s EKG pattern and can be interpreted to indicate the degree of fatigue as well as the presence of cracks in their earliest stages of development. It promises to revolutionize critical structural member inspection methods, and its potential for improved diagnostic accuracy, compared with existing inspection systems, fits perfectly with growing concerns over the aging infrastructure. In 1993, MATECH entered into an agreement for an exclusive worldwide license in perpetuity with the University of Pennsylvania to develop and market the EFS™. In 1993, the Company began to brief the US Military and Congress regarding the benefits of the technologies under development by the Company. | |
| The Fatigue Fuse (FF™) |  |
| Funding and Research In 1985, a research and development partnership was formed to provide $750,000 of funding for the initial research and development of the fuse. In 1986, the company became a public corporation through a reverse merger with an existing publicly traded concern. The name of the company was changed to Tensiodyne Corp. During the period 1985 -1989, the company engaged in its initial development work. In 1989, Robert M. Bernstein became the Chief Executive Officer and controlling shareholder of Tensiodyne Corp. In 1989, the Company entered into an agreement with Hughes Aircraft Co. and developed a remote monitoring system. As an outcome of this work successful tests were performed for bridge components at the University of Rhode Island under the aegis of the Rhode Island Department of Transportation, calibration tests at Battelle Laboratories, and on a helicopter frame at Westland Helicopter Co. in England. Supporting further development efforts covering the years 1989 through 1996 in excess of $1.0 million was invested by private sources in the form of equity. It is management’s opinion that the Fatigue Fuse is ready for commercialization in the bridge industry. | |
| In August 1996, MATECH entered into a teaming arrangement with Southwest Research Institute of San Antonio, Texas (a nonprofit research facility with annual gross revenues in excess of $230 million) and the University of Pennsylvania. On February 25, 1997, the Team was awarded a $2.5 million Phase I contract from the US Air Force to "determine the feasibility of the EFS™ to improve the United States Air Force capability to perform durability assessments of military aircraft, including both air frames and engines through the application of the EFS™ to specific military aircraft alloys." | |
| Through December 31st 2000, MATECH has generated approximately $8 million from the US Government for this R & D effort. | |
| For all predictions, forecasts or other statements which are forward looking in time, there are possible risks and uncertainties involved. See the Future Statements page. | |
| THE METAL FATIGUE PROBLEM | |
| Fatigue is a consequence of a metal undergoing repeated cyclic stress. In a commercial context this stress results from a large number of cycles of loading and unloading. Sudden fracture can result. Fatigue damage and the compromise of stability and integrity of the structural member present the constant potential for structural failure. |  |
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| The Fatigue Fuse | |
| A set of notched metal strips, with varying stress concentration factors, bonded to a structure.
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| OPERATIONAL CONSIDERATIONS |
| EFS is very useful in detecting cracks in structures under live loads, as for example, a highway bridge. EFS can detect cracks in the field as small as 0.01 inches in an actual structure (too small to be seen with the unaided eye), and requires no skilled operator. EFS can detect cracks in steel, aluminum, titanium alloys, and other metals. |
ONLINE AND DOWNLOADABLE PRESENTATIONS: http://www.matechcorp.com/downloads.html
Officers:
Robert M. Bernstein, President/CEO
Joel R. Freedman, Secretary
Cusip: 0001036668
Outstanding Shares: 119,4548,741 as of 11-20-2009
Float :31,181,171 as of 11-20-2009
Number of Shareholders: 2,300 as of 2007-04-03
Press Releases
• CEO of Materials Technologies, Inc. to Air in Live MN1 Interview
Marketwire (Fri, Jul 13)
Thu, Jul 12, 2007
• Los Angeles Business Journal Reports on Material Technologies, Inc. and Its Leading EFS Technology
Business Wire (Thu, Jul 12)
Tue, Jul 10, 2007
• Material Technologies, Inc. Completes Bridge Inspection for MassHighway Department
Business Wire (Tue, Jul 10)
Mon, Jul 9, 2007
• Material Technologies, Inc. Acquires License for a Pulsed Eddy Current Instrument
PR Newswire (Mon, Jul 9)
Tue, Jul 3, 2007
• MATERIAL TECHNOLOGIES INC /CA/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisit
EDGAR Online (Tue, Jul 3)
Mon, Jul 2, 2007
• UTEK Corporation Completes Technology Transfer with Material Technologies, Inc.
Business Wire (Mon, Jul 2)
Wed, Jun 27, 2007
• Utah Interested in MATECH's Patented EFS Technology to Find Growing Fatigue Cracks in Highway Bridges
PR Newswire (Wed, Jun 27)
Tue, Jun 19, 2007
• Material Technologies, Inc.'s Chief Engineer to Present at Railway Engineering 2007 Conference in London, UK
Business Wire (Tue, Jun 19)
Thu, Jun 7, 2007
• MATERIAL TECHNOLOGIES INC /CA/ Financials
EDGAR Online Financials (Thu, Jun 7)
Fri, Jun 1, 2007
• Material Technologies Retains The Investor Relations Group of New York
Business Wire (Fri, Jun 1)
Wed, May 30, 2007
• Material Technologies EFS System - The Right Tool for Montana DOT Bridges
PR Newswire (Wed, May 30)
Thu, May 24, 2007
• Shazamstocks.com Announces Profile Launch of Material Technologies, Inc.
PrimeNewswire (Thu, May 24)
Mon, May 21, 2007
• MATERIAL TECHNOLOGIES INC /CA/ Files SEC form 10QSB, Quarterly Report
EDGAR Online (Mon, May 21)
Mon, May 14, 2007
• Material Technologies Receives Significant Interest From Entities in the People's Republic of China
PR Newswire (Mon, May 14)
Tue, May 8, 2007
• MATERIAL TECHNOLOGIES INC /CA/ Files SEC form 8-K, Unregistered Sale of Equity Securities
EDGAR Online (Tue, May 8)
Fri, May 4, 2007
• MATERIAL TECHNOLOGIES INC /CA/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisit
EDGAR Online (Fri, May 4)
Wed, May 2, 2007
• Material Technologies, Inc. Acquires License for a Structural Damage Assessment System
PR Newswire (Wed, May 2)
Mon, Apr 23, 2007
• Material Technologies to Verify Fatigue Crack Repairs for the Alabama DOT
PR Newswire (Mon, Apr 23)
Tue, Apr 17, 2007
• Material Technologies, Inc. Completes EFS Inspection of Bridge in New Jersey
PR Newswire (Tue, Apr 17)
Tue, Apr 3, 2007
• MATERIAL TECHNOLOGIES INC /CA/ Files SEC form 10KSB, Annual Report
EDGAR Online (Tue, Apr 3)
•03.06.2007 -- New York to Engage MATECH'S Patented EFS Technology to Find Growing Fatigue Cracks in Highway Bridges
http://www.investorshub.com/boards/read_msg.asp?message_id=17791651
•02.28.2007 -- Pennsylvania to Engage MATECH'S Patented EFS Technology to Find Growing Fatigue Cracks in Highway Bridges
http://www.investorshub.com/boards/read_msg.asp?message_id=17487232
