CybeRelease: SmallCapStockWatch.com Announces Material Technologies, Inc. and UTEK Corporation Announce Strategic Alliance
(CybeRelease, July 20, 2006) - Lake Harmony - Material Technologies, Inc. (OTC Bulletin Board: MTNA), a company that engages in the research and development of metal fatigue detection, measurement, and monitoring technologies, and, UTEK Corporation, a specialty finance company focused on technology transfer, are pleased to announce that they have signed a strategic alliance agreement.
Robert Bernstein, Chief Executive Officer of Material Technologies, Inc. said, “We are very pleased to form this alliance with UTEK. We believe it will provide promising new technology acquisition opportunities for us to consider.”
“UTEK looks forward to working with Material Technologies, Inc. to identify potential technology acquisition opportunities that fit its strategic vision,” commented Doug Schaedler, Chief Operating Officer of UTEK Corporation.
Through its strategic alliance agreements, UTEK assists companies in enhancing their new product pipeline with the acquisition of proprietary intellectual capital from universities and laboratory research centers. Strategic alliance agreements are generally cancelable by either party with thirty days advance written notice.
To read the complete release, go to http://www.CybeRelease.com/mtna72006.htm.
For more information, go to http://www.SmallCapStockWatch.com.
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