Shares of Material Technologies, Inc. (OTCBB: MTTG) opened at 26 cents Wednesday morning, moving up 37% to 35 cents on volume of 2.2 million near noon CST. The kick may be attributed to recent attention to the company when its COO, Marybeth Miceli was named one of Engineering Crossing’s “Engineering Stars.”
Miceli was featured in a published interview highlighting her career achievements within the engineering field, her inspiration to young engineers, and her current position with MATECH.
MATECH is an engineering research and development company focused on technologies to detect fractures and flaws in metal structures that may not be apparent to visual inspection. The company’s proprietary technology is applicable to bridges, railroads, airplanes, ships, cranes, power plants, mining equipment, piping systems and heavy iron.
MATECH holds exclusive rights to seven patents, as well as $3.8 million worth of secured and completed contracts from the U.S. Government for research, testing and validation of innovative solutions.
The company was launched into the national spotlight in August of 2007 when a bridge in Minneapolis, Minn., collapsed, killing 13 people and injuring hundreds more. Immediately, the company’s positive reputation, experience and technology were sought for solutions to the increasingly evident issue of metal fatigue in American’s bridges.
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