Small Cap Stock Watch Announces (OTC: MTNA) Update of Detection Solutions
(CybeRelease, May 24, 2006) - Lake Harmony, PA - Material Technologies, Inc. (OTC BB: MTNA) (“Matech”) announced a corporate update to review the progress the company has made developing and marketing its patented metal fatigue detection solutions.
In response to the $286 billion Federal Transportation Bill, which allocated $5 million to help states evaluate non-destructive methods like MATECH’s Electrochemical Fatigue Sensor(TM) (EFS) to test growing fatigue cracks in steel bridges, the company has received interest from several state departments of transportation. MATECH recently completed reviews of three bridges at the request of Pennsylvania’s DOT and also completed the inspection of a bridge in Culver City, California. In addition, Massachusetts has submitted information on seventeen bridges throughout the state where fatigue damage is a primary concern.
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