LOS ANGELES, April 5, 2010 (GLOBE NEWSWIRE) -- MATECH Corp. (OTCBB:MTCH) (MATECH) announced that its Chief of Operations was invited to meet with officials from the Department of Transportation in Virginia (VDOT). Ms. Miceli met with officials at headquarters in Richmond, VA and the meeting was broadcast across the state to the various DOT districts.
Various officials across the state of Virginia participated in a presentation on MATECH's patented technology, the Electrochemical Fatigue Sensor (EFS) System and participated in a meeting on March 25, 2010. The intent of the meeting was to determine the structures within the VDOT system that would benefit from the use of EFS.
MATECH has a proven track record of saving bridge owners money through improving bridge management and public safety with its cutting edge technology, the EFS System. Through eliminating subjectivity of inspections for cracking in bridge members (the FHWA has stated that 90% of these cracks are missed with visual inspection), MATECH is helping to eliminate wasted funds by prioritizing repairs and verifying their effectiveness immediately.
Marybeth Miceli, MATECH's Chief of Operations, says, "VDOT is a progressive transportation department that supports great technologies to aid them in making better bridge management decisions. We are looking forward to working with them on their structures again."
About MATECH
MATECH Corp., formerly Material Technologies, Inc., was founded in 1983 and is based in Los Angeles. It is an engineering, research and development company that specializes in technologies to measure microscopic fractures in metal structures and to monitor metal fatigue. The Company has already completed significant work for the federal government -- generating $8.3 million to develop technology to detect metal fatigue in aircraft. It has also received $5 million in private investments. Building on that base, it is now marketing its technologies to companies and government agencies involved in the inspection of metal highway and railroad bridges. To learn more, go to www.matechcorp.com.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant," "indicated," "feel," "revolutionary," "should," "ideal," "extremely" and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's recent Form 10-K and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.