Monday, October 5, 2009

MATECH Corp. (MTCH.OB) is “One to Watch”

Trading on the OTC Bulletin Board, MATECH Corp. is an engineering, research, and development company. They specialize in technologies to measure microscopic fractures in metal structures. MATECH is currently marketing their patented Electrochemical Fatigue Sensor (EFS) and other advanced crack-detection technologies to bridge asset managers, railroad companies, and governmental agencies across the United States and worldwide. Founded in 1983, MATECH Corp. has their corporate headquarters in Los Angeles, California.

MATECH’s EFS technology is used for detecting cracks in bridges and other structures. The technology has proven its efficacy on over 35 bridges in ten different states. The EFS technology is the only nondestructive method able to detect growing cracks in bridges as small as 0.01 inches.

The Company’s technologies, when applied, better monitors metal fatigue to improve public and private safety. It also helps realize maintenance economies in all types of structures and equipment. MATECH’s technologies offer increased safety and economy for airplanes, bridges, ships, trains, trucks, nuclear reactors and steel buildings in the U. S. and abroad.

An EFS sensor is first applied to the fatigue sensitive location on the bridge or metal structure. Next, it is injected with an electrolyte, and then a small voltage is applied. The system then monitors changes in the current response that results from the exposure of fresh steel during crack propagation.

Last Friday, MATECH reported that the Company is working with leading global corporation Northrop Grumman to present MATECH’s Electrochemical Fatigue Sensor (EFS) technology to major civil engineering firms as part of Northrop Grumman’s overall Sensor Information System (SIS) program. This program focuses on infrastructure information services. MATECH and Northrop Grumman are in discussions with several civil engineering firms.

Today, MATECH Corp. announced that they signed a contract with a major interstate transportation agency to perform advanced crack detection services using their Electrochemical Fatigue Sensor (EFS) System on a landmark bridge. MATECH will perform this EFS testing project in conjunction with an EFS service provider.

“We are pleased to announce to MATECH shareholders that we have signed a contract to perform EFS Testing on this landmark bridge, and consider such a high-profile project to be a significant milestone for the Company,” said Robert Bernstein, CEO of MATECH.

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