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I Have been offered $15.00 for my material technology shares. Is this a scam? What would the 'right' price be for anyone wishing to purchase in an acquisition?
Good news today & the stock is plumetting. haha. I suspect this one will drop to about $4 or $5. I'll be waiting to buy in heavily around there.
yeah and i will only have 85 shares after the split
never mind the issuances of post split shares to employees....dilution is occurring, maybe irrelevant if contracts start emerging
this is going to kill my flexibility. alas, i support MTNA 100% of the way. I further expect there to be forward splits along the way. worry-free & thinking this is for the best. I can't believe they're going to have less than a million shares outstanding though.
1:300 REVERSE SPLIT EFFECTIVE TOMORROW.
13:35 11/08/2006 MTNA Material Technologies, Inc. Class A Common Stock MTTG Material Technologies, Inc. Class A Common Stock 1-300 R/S **
Agreed, Best to you, Eom
That is true GOINGUP11, so you will notice in my last post that I basically said that this is a double-edged sword, once this becomes a requirement...BOOM, off we goooo.
"They don't do something like this unless they are forced to."
Isn't that the case with most all industries, That's the way of our world.
GLTU
TRUE COMPANY WEBSITE:
http://www.matechcorp.com/
There is one thing that I think is coming into play that is keeping the contracts from rolling in, and also a reason that this technology could become a new standard in non-destructive testing.
This is: that this process is so good at what it does, the companies that would be contracted to do the repair work and the regulating agencies that have to do the pay-out for work done might feel that this would find too many non-conformities to make the job financially feasable.
Current technologies include Dye Penetration tests and Electro-Magnetic testing that are not nearly as precise as this.
So what I am saying, the government agency in charge of this work would have to make specifications that REQUIRE the level of precision that only this product can deliver. Then and only then, will this become a mandated spec (maybe a Gov. regulation) in the contracts. Otherwise they would try to slide by with the cheapest avenue to fix the problem.
I am very familiar with conformance to contracts in this industry and everyone is trying to get the job done for the cheapest cost. They don't do something like this unless they are forced to.
"By applying the Fatigue Fuse to aircraft components including wing, tail, fuselage, & especially the intersection between wing & fuselage, aviation engineers can improve maintenance, repair, & overhaul efforts, make better decisions based on accurate load information, prevent catastrophic structural failure, & ensure the safety of passengers & cargo."
We sincerely believe that it has the type of appreciation potential that Intel, Microsoft, Xerox, IBM, & other similar situations had when they were just past their R&D phase & entering their new huge markets.
http://www.wallstreetcorner.com/situations/web-MTNA.doc
I had to laugh but after doing some DD I have to wonder.
I would think more news should be released any day now due to this. JMO
("MATECH") announced that the Departments of Transportation of several more states have expressed interest in its metal fatigue detection technology this month. MATECH is in the process of setting up meetings with the agencies to discuss the advantages of using its breakthrough Electrochemical Fatigue Sensor(TM) (EFS) to assess the structural integrity of their bridges.
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Recently MATECH has completed reviews of three bridges at the request of Pennsylvania's DOT, and Massachusetts has submitted information on seventeen bridges throughout the state where fatigue damage is a primary concern. This month MATECH has been contacted by additional state transportation agencies to inquire about the EFS's unique ability to detect minute, growing cracks in steel bridge infrastructure as well as in other metal structures which are subjected to cyclic loadings.
http://biz.yahoo.com/iw/060620/0137600.html
I'll be accumulating when possible, for the expected news to come.
I also like your NEW STANDARD idea, that would make MTNA shoot to the Moon.
GLTY
Its settling down around the .05 mark. Its finding a comfort level before the next move up.
Thanks for the info.
Maybe this is all we are going to get out of this PR, but I have worked in the shipbuilding and steel industry for some 25+ years and this technology could easily become the new standard in non-destructive testing for so many industries that this could be absolutely humongus in the future. How soon is anybodies guess, but I have been keeping my eye on this for about 4 months now and it's nice that they finally got a first contract. I think that there will be many more that will take this to much higher levels.
JMHO, GLTA
Much better today.
Out at .051 to .054. Very nice but I'll leave all the "huge" gains to the rest of you. GL, fda
Came across MTNA, must say it is doing GREAT. Grabed some a few minuts ago. GLTA.
KQ
I couldn’t agree more!! Look for more contracts to follow on this one..... more DOT's?
first commercial announcement. MATECH's on the way up from here on out.
Sure...at least two of us anyway. Have some .038 shares strictly for speculation. Looking for a bounce from these levels...but who knows. GL fda
Any Material Tech's out there?
Material Technologies Identifies Significant Need in Aircraft Industry for Accurate Fatigue Damage Detection Technology
LOS ANGELES, July 25, 2006 /PRNewswire-FirstCall via COMTEX/ -- Material Technologies, Inc. (MTNA) ("MATECH") has identified significant need and wide potential application for its patented metal fatigue detection technology in the aviation industry. MATECH's innovative Fatigue Fuse(TM) can be used by aircraft manufacturers, commercial airlines, general aviation companies and maintenance, repair and overhaul (MRO) providers to track the accumulation of metal fatigue in aircraft structures over time.
MATECH's patented Fatigue Fuse is an advanced testing device that can be attached to a structural member to count severe load cycles, gauge fatigue damage and estimate the remaining life of the structure. By applying the Fatigue Fuse to aircraft components including wing, tail, fuselage and especially the intersection between wing and fuselage, aviation engineers can improve maintenance, repair and overhaul efforts, make better decisions based on accurate load information, prevent catastrophic structural failure, and ensure the safety of passengers and cargo.
"More than 90% of all structural cracks in aircraft involve fatigue," said MATECH CEO Robert M. Bernstein. "Our groundbreaking Fatigue Fuse technology can count severe load cycles and measure their cumulative effects to predict how long an aircraft's wing or tail will retain its structural integrity."
Mr. Bernstein continued: "The Fatigue Fuse has been tested by a leading British commercial and military aircraft manufacturer with excellent results. We believe our advanced nondestructive metal fatigue detection solutions are a perfect fit for the aviation industry and we are initiating a campaign to capitalize on the tremendous opportunity we have identified."
The Fatigue Fuse is a completely passive device, comprising a series of fingers extending from a base. The ends of the fingers and the base are each adhered to the structural element being monitored, so they are subjected to the same strains as the structural element. The fingers are designed to separate (fail) at a fraction of the design life, for example at 20, 40, and 60%.
MTNA UTEK Corporation and Material Technologies, Inc. Announce Strategic Alliance
Business Wire - July 19, 2006 2:00 AM (EDT)
TAMPA, Fla. & LOS ANGELES, Jul 19, 2006 (BUSINESS WIRE) -- UTEK Corporation (AMEX & LSE-AIM: UTK), a specialty finance company focused on technology transfer, and Material Technologies, Inc. (OTC BB: MTNA), a company that engages in the research and development of metal fatigue detection, measurement, and monitoring technologies, are pleased to announce that they have signed a strategic alliance agreement.
Robert Bernstein, Chief Executive Officer of Material Technologies, Inc. said, "We are very pleased to form this alliance with UTEK. We believe it will provide promising new technology acquisition opportunities for us to consider."
"UTEK looks forward to working with Material Technologies, Inc. to identify potential technology acquisition opportunities that fit its strategic vision," commented Doug Schaedler, Chief Operating Officer of UTEK Corporation.
Through its strategic alliance agreements, UTEK assists companies in enhancing their new product pipeline with the acquisition of proprietary intellectual capital from universities and laboratory research centers. Strategic alliance agreements are generally cancelable by either party with thirty days advance written notice.
About Material Technologies, Inc
Materials Technologies, Inc. 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. For more information about Material Technologies, Inc, please visit its website at www.matechcorp.com.
About UTEK Corporation
UTEK(R) is a specialty finance company focused on technology transfer. UTEK enables companies to acquire innovative technologies from universities and research laboratories worldwide. UTEK facilitates the identification and then finances the acquisition of external technologies for clients in exchange for their equity securities. This unique process is called U2B(R). In addition to its U2B(R) service, UTEK offers companies the tools to search, analyze and manage university intellectual properties. UTEK is a business development company with operations in the United States, United Kingdom and Israel. For more information about UTEK, please visit its website at www.utekcorp.com.
Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words, such as UTEK or Material Technologies, Inc "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UTEK's or Material Technologies, Inc's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of UTEK or Material Technologies, Inc, as appropriate, and the valuation of UTEK's investment portfolio, which could cause actual results to differ materially from those currently anticipated. Although UTEK and Material Technologies, Inc believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and both UTEK and Material Technologies, Inc do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
UTEK's operating results could fluctuate significantly due to a number of factors. These factors include the small number of transactions that are completed each quarter, the value of individual transactions, the timing of the recognition and the magnitude of unrealized gains and losses, UTEK's dependence on the performance of companies in its portfolio, the possibility that advances in technology could render the technologies it has transferred obsolete, the loss of technology licenses by companies in its portfolio, the degree to which it encounters competition in its markets, the volatility of the stock market and the volatility of the valuations of the companies it has invested in as it relates to its realized and unrealized gains and losses, the concentration of investments in a small number of companies, as well as other general economic conditions. As a result of these and other factors, current results may not be indicative of UTEK's future performance. For more information on UTEK and for a more complete discussion of the risks pertaining to an investment in UTEK, please refer to UTEK's filings with the Securities and Exchange Commission.
SOURCE: UTEK Corporation
UTEK Corporation
USA
Tania Bernier, 813-754-4330 x 223
Consulting for Strategic Growth 1
Stan Wunderlich, 800-625-2236
or
UK
Bankside Consultants
Steve Liebmann or Simon Bloomfield
+ 44 (0) 20-7367-8883
Or
Material Technologies, Inc
Robert Bernstein, 310-208-5589
Copyright Business Wire 2006 ********************************************************************** As of Saturday, 07-15-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated a DOWNTREND on 02-28-2006 for UTK @ $12.48. For more information on Comtex SmarTrend® Alert, contact your market data provider or go to CSTADirect.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright © 2004-2006 Comtex News Network, Inc. All rights reserved.
I hope Massachusetts really does show interest in MTNA, especially now that "the Massachusetts Turnpike Authority to order an inspection of the highway system"
"LOS ANGELES, March 22, 2006 / Business Wire-- Material Technologies, Inc. (OTC BB: MTNA - News; "Matech”), announces that Massachusetts has shown serious interest in utilizing Matech's patented Electrochemical Fatigue Sensor (EFS) technology on 17 of their steel bridges."
http://www.matechcorp.com/press_3_22_06.html
More Signs of Loose Bolts Found in Boston Highway System
Associated Press
Thursday, July 13, 2006; Page A04
BOSTON, July 12 -- Inspectors began reviewing the city's highway system Wednesday -- every bridge, tunnel and roadway -- after at least 60 signs of loose bolts and other potential failures were found in the same Big Dig tunnel where a motorist was crushed by falling concrete.
"The widespread trouble spots prompted the Massachusetts Turnpike Authority to order an inspection of the highway system -- even in parts that are decades old and not part of the $14.6 billion Big Dig system, the nation's most expensive highway project."
http://www.washingtonpost.com/wp-dyn/content/article/2006/07/12/AR2006071200863.html
News this morning...........
(OTCBB: MTNA) Gets Short-Term Target Price of $0.85 From Market Advisors Research
Material Technologies, Inc. (OTCBB: MTNA) ("MATECH") is presenting its patented metal fatigue detection solutions at the 23rd Annual International Bridge Conference in Pennsylvania this week. MATECH has been invited to lead a technical presentation on the advantages of using its breakthrough Electrochemical Fatigue Sensor™ (EFS) to locate and measure growing metal cracks for the bridge owners and engineers, government officials and other key decision makers in attendance.
Sponsored by the Engineers' Society of Western Pennsylvania and co-sponsored by the American Association of State Highway and Transportation Officials, the International Bridge Conference annually attracts over 1,200 bridge owners and engineers, senior policy makers, government officials, bridge designers, construction executives and suppliers throughout the U.S. and abroad. Last year participants came from 47 states and 15 countries. The conference is in its 23rd year and is a premier event for the bridge industry.
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
matech@att.net
www.matechcorp.com
(310) 208-5589
SOURCE: Material Technologies, Inc.
mailto:matech@att.net
http://www.matechcorp.com
Shocking news about GGI:
http://www.investorshub.com/boards/read_msg.asp?Message_id=11417194
Frankfurt exchange brings short selling enmasse.
Why did they choose this exchange?
Interesting maybe he can get them contracts.Noticed that insiders own a good % of the shares so thats good.The problem I currently see is the lack of funds, huge accumulated debt and lots of dilution.Now once contracts are in place, I think the Company is really going to need financing and although seems like a unique technology the long long haul for the share price may not be in the cards.I think its a much better short term momo type play.
MTNA - NYC Former Traffic Commissioner Joins MATECH's EFS Team
Monday April 24, 4:05 pm ET
LOS ANGELES, CA--(MARKET WIRE)--Apr 24, 2006 -- Material Technologies, Inc. (OTC BB:MTNA.OB - News) ("MATECH") today announced that it has come to an agreement with engineering consulting firm, Sam Schwartz PLLC (SSC), whose president and CEO is the former New York City Traffic Commissioner Sam Schwartz. SSC will be providing field operations for MATECH in the northeast during the final development stage of the Electrochemical Fatigue Sensor (EFS) as a fatigue crack detection and analysis tool for steel bridges. Mr. Schwartz, a.k.a. Gridlock Sam, coined the term "Gridlock" during the Koch administration when the infrastructure of NYC was crumbling before his eyes. "I wish I had a tool like the EFS when I was dealing with the Manhattan and Williamsburg Bridges. There were literally thousands of cracks we had to contend with and limited funding," Mr. Schwartz recalls. Sam went on to say that having a tool to determine whether a fatigue crack was growing or not would be priceless as a repair fund prioritization tool.
The EFS is a technology which detects metal fatigue and aids in determining the integrity of a structure. In laboratory tests, the Electrochemical Fatigue Sensor (EFS) demonstrated its ability to find smaller cracks in metal bridges than any other nondestructive test method and was utilized in Bridge Beta tests last year in Pennsylvania, Ohio, California, and New York to detect active fatigue cracks in the bridge superstructures.
"To put it simply, it is the most technologically advanced product of its kind," said Robert M. Bernstein, MATECH's President and Chief Executive Officer.
Sam Schwartz PLLC (SSC) employees 60 engineers and transportation experts and is headquartered in New York City with offices in New Jersey and Canada. The tentative agreement would involve engineers from SSC augmenting conventional bridge inspections with the EFS analysis on steel bridges in the Northeast United States from Virginia to Massachusetts.
The EFS is the only nondestructive testing technology that can find growing cracks in metals, and cracks below the surface, as small as 0.010 inches. This critical information will allow engineers to fix the specific problems in most need of repair, and also verify that repairs are effective in halting further fatigue crack growth, by determining that previously found fatigue cracks are no longer growing. By being able to prioritize needed repairs using EFS, significant cost savings can be realized.
Interest in MATECH's EFS system has been spurred by the recent $286 billion Federal Transportation Bill which allocated $5 million to help states evaluate non-destructive methods such as EFS to test growing fatigue cracks in steel bridges. The nation's aging bridge infrastructure system is a major cause for concern, with more than 100,000 of the 200,000 steel bridges in the U.S. classified as structurally deficient or functionally obsolete, according to the Federal Highway Administration (FHWA).
MATECH is engaged in the research and development of metal fatigue detection, measurement, and monitoring technologies. As such, the Company has developed a suite of devices for the non-destructive testing of metal fatigue and monitoring of structural integrity. These technologies can be applied in virtually any industry in which metal is a significant structural component; i.e.: Bridges, Aerospace, Railroad, Oil & Gas, Construction, Shipping, etc.
To hear more about MTNA from CEO/President Robert M. Bernstein go to:
http://www.publiccoreport.net/featured/MTNA/company.asp
johns..wow.. I just found out about this early this week from a newsletter and I almost jumped in for 20k shares.I am keeping away for now as I see tons of selling post press this week.Nice Tech and could be sweet should they land a deal with a major rail road and or materal co.I may take a position should it go to the upper teens.
Stormy...I just realized my watch list on NMEN was at .055 which would give me a 254% profit. My original buy order was much higher and my portfolio is all screwed up.
John,if you don't mind me asking, what is your average price?
News has been coming...just not the type to move the PP.
So tell me what U think is goin on?
I really hope new investors contribute soon. I really love this concept. For one, bridges are corroding from winter road salt at an alarming rate. Catch basins collapse because calcium chloride (salt) destroyes cement and pretty soon a pot hole eats your car alive. TIFWIW-Johnsbus
Picked up some shares awhile back but the stock is taking a trouncing today. Much more and I`m jump`in off the "metal fatigue protected" bridge. GLA
Langley Park Investment Trust message board:
http://investorshub.com/boards/board.asp?board_id=2961
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