Science & Technology
Science and Technology
Science and Technology
Mon, September 14, 2009 MATECH Corp.: MATECH's EFS Work With New Jersey DOT Highlighted in Federal Publication
LOS ANGELES, CA--(Marketwire - September 14, 2009) - MATECH Corp. (
A major Agency of the U.S. Department of Transportation, the FHWA is responsible for ensuring that America's roads and highways continue to be the safest and most technologically advanced. The FHWA provides financial and technical support to them for constructing, improving, and preserving America's highway system. The agency is provided an annual budget of more than $30 billion.
The presentation by the FHWA focused on one of MATECH's EFS inspections for the New Jersey Department of Transportation (NJDOT) ([ http://www.state.nj.us/transportation/ ]). The oldest state transportation agency in the country, the NJDOT is responsible for transportation issues and policy in the State of New Jersey.
MATECH's EFS technology was used to detect active cracking on the Route 72/Manahawkin Bay Bridge in Ocean County, New Jersey. Specifically, the NJDOT was interested in detecting cracks in retrofitted and non-retrofitted areas. Pleased with the result of MATECH's work, the NJDOT has indicated that it would use the technology again.
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.
"We are very pleased that the FHWA, in conjunction with NJDOT, has provided industry professionals with information about the capabilities of our cutting-edge EFS technology," said Robert M. Bernstein, CEO of MATECH. "This represents yet another independent opinion from bridge owners that our EFS technology provides real value in making bridge management decisions. Such a favorable review by a highly regarded organization like the NJDOT in the FHWA's publication will no doubt cause bridge owners around the nation to further investigate our EFS technology."
About MATECH
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. To learn more, go to [ 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.
