Science & Technology
Science and Technology
Science and Technology
Mon, October 5, 2009
Sun, October 4, 2009
Fri, October 2, 2009 MATECH Corp.: MATECH and Northrop Grumman to Present MATECH's Breakthrough Electrochemical Fatigue Sensor to Major Civil Engine
LOS ANGELES, CA--(Marketwire - October 2, 2009) - MATECH Corp. (
MATECH and Northrop Grumman are working together to secure the nation's infrastructure and save bridge owners money from the cost of unnecessary and ineffective repairs. Currently, MATECH and Northrop Grumman are in discussions with several civil engineering firms, which are expected to result in significant project contracts.
MATECH's EFS technology is used to detect cracks in bridges and other structures. The technology has proven its efficacy on over 35 bridges in ten different states for various state DOTs (Departments of Transportation) as well as railroads throughout the United States. The cutting-edge technology is the only nondestructive method able to detect growing cracks in bridges as small as 0.01 inches.
"We are very pleased to report that several large civil engineering firms in the United States have shown significant interest in our EFS technology," said Robert Bernstein, CEO of MATECH. "We will continue to keep shareholders abreast of developments as they occur. We anticipate announcing significant contractual developments in the coming weeks."
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.
