Material Technologies holds exclusive patent rights to several technology products that can measure microscopic cracks in metal structures. The company’s products have a great need in the America; furthermore, they have plans to market its technologies to windmills, antenna towers, aircraft, equipment used in the oil industry, and other metal structures subject to fatigue loadings.
The need for improved inspection methods was recognized more than ever before. Material Technologies’ Electrochemical Fatigue Sensor technology has the ability to discover small, growing cracks in metal structures, which can eliminate much of the uncertainty in metal bridge inspections and help prevent similar disasters in the future.
The analyst who completed the report stated, “Since our initial report, MTTG has become one of the most publicized engineering companies in the US, enjoying strong media visibility that is promoting its low-cost technology to a broader audience. Transportation departments in Pennsylvania and Massachusetts are already deploying the EFS system. Moreover, the Company has demonstrated its EFS system to New York officials and used this technology to evaluate crack repairs in bridges in Utah and New Jersey. MTTG has also received numerous inquiries regarding its EFS systems from officials in Australia and the UK.”
She concluded the report, “The Company continues to build its product portfolio; a third product is in-development and MTTG has acquired a license for a Pulsed Eddy Current Instrument. MTTG’s product offerings cover a wide range of testing, inspection and monitoring needs, evaluated accumulated metal fatigue in real time. In view of the above mentioned factors and management’s aggressive growth plan, we are reiterating our Speculative Buy rating and $3.00 price target for MTTG shares.”
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