MATECH Corp.: MATECH and Northrop Grumman Make Significant Impact at the 2009 International Bridge Conference
LOS ANGELES, CA--(Marketwire - September 30, 2009) - MATECH Corp. (
Northrop Grumman Corporation is a leading global provider of innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide. Net annual sales for FY 2008 totaled approximately $33.9 Billion.
The joint presentation, highly regarded by the attendees, focused on how Northrop Grumman and MATECH are jointly implementing the new Northrop Grumman Sensor Information Systems (SIS) program for bridges. Northrop's SIS integrates inspection systems with various sensor systems, such as security and environmental. SIS will provide integral information for bridge infrastructure owners.
A key component of Northrop's SIS could be MATECH's Electrochemical Fatigue Sensor (EFS) system, and its use in prioritizing fatigue crack repairs and verifying retrofits real-time on steel bridges. To date, MATECH's EFS system is the only technology of its kind to identify cracks in bridges as small as 0.01 inches.
"We believe that the presentation at the 2009 International Bridge Conference was a tremendous success," said Robert M. Bernstein, CEO of MATECH. "We further believe that by the end of the presentation, those attending the conference were as confident and excited as we are that our SIS program with Northrop Grumman could serve to revolutionize infrastructure management, and in turn serve to save our failing bridges as well as thwart the devastating effects their potential collapse."
About MATECH
MATECH Corp., founded in 1983, is an engineering, research and development company based in Los Angeles, CA. The Company specializes in technologies to measure microscopic fractures in metal structures. MATECH is now marketing its patented Electrochemical Fatigue Sensor (EFS) and other advanced crack-detection technologies to bridge asset managers, railroad companies, and governmental agencies across the United States and internationally. To learn more, please visit: [ 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.