Material Technologies, Inc. (MTTG.OB) (“MATECH”) is engaged in the research and development of metal fatigue detection, measurement, and monitoring technologies. Their mission is to apply their comprehensive system of technologies to monitor and measure fatigue cracks and their growth.
The Company owns the patent rights to several technology products including the Electrochemical Fatigue Sensor and the Fatigue Fuse. These patented technologies are capable of measuring and monitoring microscopic cracks in metal structures. Material Technologies’ products are applicable in the evaluation of the US aging bridge infrastructure. Material Technologies also intends to market its technologies to operators of windmills and antenna towers, highway signs and aircraft, equipment throughout the oil industry, and various other metal structures affected by fatigue loadings.
Through its technology portfolio, the Company is able to offer highway agencies and private sector bridge owners a full safety package based on periodic inspection (EFS and continuous monitoring (Fatigue Fuse). As evidenced by the Minneapolis bridge collapse, there is an urgent need for improved inspection methods and regulations to prevent future tragedies. Material Technologies, Inc.’s EFS System is a proven solution and has been chosen for the Federal Highway Administration’s (FHWA) Steel Bridges Testing Program.
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