In light of the recent event of the Minneapolis Bridge collapse, the need for preemptive technologies has never been greater. As there are hundreds of thousands of Bridges across the US it’s easy to see how big the problem could be. The companies patented technologies can be used to identify problem areas and areas needing repair.
Current methods of inspection are said to miss 90% of cracks and signs of fatigue. This is far too high of a failure rate when lives are at stake. With Matech’s state of the art technologies it is possible that the Minneapolis bridge tragedy could have been prevented if the stress had been identified. Though no one knows for sure yet what did bring it down it is widely accepted that Metal fatigue was a major contributing factor.
A major market for the company is Pennsylvania where there are 7605 steel bridges … many of which are deficient or plain obsolete. Currently transportation departments in Pennsylvania, Utah, Massachusetts and New Jersey are using their EFS technology. The company has demonstrated use of its product in New York and Alabama with success. In addition they have received Global inquiries about their products by countries such as the UK and Australia. This shows that there is not only intense Domestic demand but a large potential Global Market for its products.
Material Technologies has products that are in use and receiving excellent field feedback furthermore confirming the tremendous value of its technology. Pennsylvania DOT stated that the technology allowed for a more efficient use of funds. The technology is not only preemptive but also a cost efficient vehicle to the customers using it. This is due to its identification of cracks that can be ignored while allowing a reduction in maintenance and repair costs.
In conclusion this company has developed a solution to a potentially deadly problem. As the average age of US bridges is 50 years old, the average life span of these bridges is 50 years. This makes it easy to see the need now for an immediate solution to the identification of Metal fatigue on these bridges. The company also continues to build its portfolio of businesses … giving it a wider range of monitoring and testing products. With the recent public outcry on this issue Material Technologies is sure to see continued growth and demand for its products.
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