Material Technologies, Inc. Gains Attention for Innovative Metal Fatigue Detection Tools

Strategic Insights -

Material Technologies, Inc., a pioneering engineering and research development company, is making waves in the industry with its cutting-edge metal fatigue detection tools. The company has been granted exclusive rights to seven patents and has already received $8.3 million in completed contracts from the U.S. Government. With its innovative solutions, MATECH is poised to revolutionize the way metal fatigue is detected and monitored.

The company's patented metal fatigue detection solutions will be showcased at the International Conference on Fatigue and Fracture in the Infrastructure next week, expected to draw transportation agencies, state Departments of Transportation, bridge owners, and engineers. This exposure is significant, considering the company has already received interest from several DOTs, including Pennsylvania and Massachusetts. In fact, MATECH has completed reviews of three bridges at the request of Pennsylvania's DOT, and Massachusetts has submitted information on seventeen bridges where fatigue damage is a primary concern.

According to the Federal Highway Administration, more than half of the steel bridges in the US are structurally deficient or functionally obsolete. The $286 billion Federal Transportation Bill has allocated millions of dollars to help states evaluate non-destructive methods like MATECH's EFS to test growing fatigue cracks in steel bridges.

Key Takeaways:

  • Material Technologies, Inc. has exclusive rights to seven patents for its metal fatigue detection tools.
  • The company has received $8.3 million in completed contracts from the U.S. Government.
  • MATECH's patented solutions will be showcased at the International Conference on Fatigue and Fracture in the Infrastructure next week.
  • The company has received interest from several DOTs, including Pennsylvania and Massachusetts.
  • MATECH has completed reviews of three bridges at the request of Pennsylvania's DOT.
  • Massachusetts has submitted information on seventeen bridges where fatigue damage is a primary concern.
  • According to the Federal Highway Administration, more than half of the steel bridges in the US are structurally deficient or functionally obsolete.
  • The $286 billion Federal Transportation Bill has allocated millions of dollars to help states evaluate non-destructive methods like MATECH's EFS.

Statistics:

  • MATECH's patented metal fatigue detection solutions have completed $8.3 million in contracts with the U.S. Government.
  • The company is expected to showcase its solutions at the International Conference on Fatigue and Fracture in the Infrastructure next week, drawing transportation agencies, state Departments of Transportation, bridge owners, and engineers.
  • According to the Federal Highway Administration, more than 50% of the steel bridges in the US are structurally deficient or functionally obsolete.
  • The $286 billion Federal Transportation Bill has allocated millions of dollars to help states evaluate non-destructive methods like MATECH's EFS.

Sources:

  • Market Wire via COMTEX (Aug 02, 2006)
  • Material Technologies, Inc. (OTCBB: MTNA)
  • Federal Highway Administration (FHWA)
  • Lehigh University's ATLSS Center
  • National Science Foundation (NSF)
  • Transportation Research Board (TRB)