(OTC: MTNA) Sets Sights On $8.2 Billion Railroad Industry
(CybeRelease, May 4, 2006) - Lake Harmony, PA - Material Technologies, Inc. (OTC BB: MTNA) (“MATECH”) announced that it is targeting the growing railroad industry and receiving significant interest in its innovative metal fatigue detection solutions.
According to a report published by the Association of American Railroads (AAR) last month, major freight railroads will spend more than $8.2 billion in 2006 laying new track, buying new equipment and improving infrastructure. MATECH’s patented Electrochemical Fatigue Sensor(TM) (EFS) technology can accurately measure microscopic growing cracks and metal fatigue in railway tracks and equipment, enabling railroad engineers to improve safety, optimize repairs and increase efficiency.
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