Material Technologies, Inc. (MTNA) Draws Attention in the Market

Strategic Insights -

Material Technologies, Inc. (OTCBB: MTNA) is making waves in the market as the company continues to make progress in developing and marketing its patented metal fatigue detection solutions. The stock has been identified by Wall Street News Alert as one to watch, and the company has received significant interest from state departments of transportation and the railroad industry.

Key Takeaways:

  • Material Technologies, Inc. (OTCBB: MTNA) has been recognized for its patented metal fatigue detection solutions, which have the potential to revolutionize the industry.
  • The company has received interest from several state departments of transportation, including Pennsylvania and Massachusetts, where fatigue damage is a primary concern.
  • MATECH's non-destructive metal fatigue detection technology can accurately test the integrity of metal structures and equipment, including bridges, railroads, airplanes, ships, cranes, power plants, mining equipment, and heavy iron.
  • The company has exclusive rights to seven patents and has already secured $8.3 million in contracts from the US Government for research, testing, and validation of its innovative solutions.
  • MATECH is building momentum in the market, with its stock price increasing and the company receiving invitations to present its metal fatigue detection solutions at major bridge conferences.
  • The company's non-destructive testing technology can satisfy new railroad safety requirements established by the U.S. Transportation Bill, requiring railway track operators to include procedures to improve metal rail inspection and crack detection.
  • Material Technologies, Inc. (OTCBB: MTNA) has obtained a listing on the Frankfurt Stock Exchange, the world's third-largest securities exchange, facilitating global access to its securities and enabling the company to communicate its value and potential to the international investment community.

Statistics:

  • $286 billion: The allocated Federal Transportation Bill to help states evaluate non-destructive methods like MATECH's Electrochemical Fatigue Sensor (EFS) to test growing fatigue cracks in steel bridges.
  • $5 million: The allocated amount to help states evaluate non-destructive methods like MATECH's EFS.
  • $8.2 billion: The amount that major freight railroads will spend on new track, equipment, and infrastructure according to a report published by the Association of American Railroads (AAR).
  • 17 bridges: The number of bridges in Massachusetts where fatigue damage is a primary concern.
  • 3 bridges: The number of bridges in Pennsylvania that were inspected by MATECH at the request of the state's DOT.
  • $8.3 million: The amount of already completed contracts from the US Government for research, testing, and validation of MATECH's innovative solutions.

Sources:

  • Wall Street News Alert
  • Market Wire
  • Comtex SmarTrend(SM)
  • Association of American Railroads (AAR)
  • Federal Highway Administration
  • Material Technologies, Inc. (OTCBB: MTNA)
  • Wall Street Capital Funding LLC (WSCF)