Today MTTG continued yesterday’s 15.5% gain by increasing an additional 20.19% today. Since we initiated coverage on the 14th of this month, the stock has went from $0.41 to a high of $1.01. Volume has also increased significantly as the 10-day average is now 1.18 million shares compared to the previous 44,000.
In recent news the company announced that its Chief Engineer will be meeting with several companies to discuss potential business opportunities in China. The CEO, Robert M. Bernstein, stated, “China is expected to be a huge target market for the EFS system in the coming years. The number of bridges and railroads in the country that would benefit from our technology is absolutely staggering. In advance of the Beijing Olympics and in support of the astronomical growth, the Chinese government has been dedicating significant resources to the development of that nation’s infrastructure.”
Material Technologies owns the only nondestructive testing technology that is able to find growing cracks as small as 0.01 inches. The information its Electrochemical Fatigue Sensor (EFS) System can provide is critical as more than 100,000 steel bridges in the nation have been categorized as structurally deficient or functionally obsolete by the Federal Highway Administration.
Those who are interested in learning more about Material Technologies can listen to an interview conducted with the CEO at the following link: http://www.publiccoreport.net/featured/MTNA/company.asp
Let us hear your thoughts: Material Technologies, Inc. Message Board
