(OTC: MTNA) Applauds U.S. Dept. of Transportation’s $4.2 Billion Commitment
(CybeRelease, June 1, 2006) - Lake Harmony, PA - Material Technologies, Inc. (OTC BB: MTNA) (“MATECH”) announced its support of the U.S. Department of Transportation’s fiscal year 2007 budget request which continues funding for bridge safety. President Bush is requesting $65.6 billion in budgetary resources for the U.S. DOT to support major investments in transportation nationwide including $4.2 billion for bridge replacement, rehabilitation and preventive maintenance. MATECH’s revolutionary metal fatigue detection technology can locate growing cracks in metal structures and equipment, critical information that can help state and federal agencies ensure bridge safety.
The Safe, Accountable, Flexible, and Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU, enacted August 10, 2005) provides for increased transportation infrastructure investment, strengthens transportation safety programs and environmental programs, and continues core research activities. SAFETEA-LU, along with Title 23, U.S.C. (“Highways”) and other supporting legislation, provides authority for the various programs of the Federal Highway Administration (FHWA) designed to improve highways throughout the nation.
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