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MTCH Looks like were going to have a nice news play here on this one. This is a good time to take a position with a low entry price. Def a under valued stock i see other stocks in the same sector trading at 1.00. Im sure its just a matter of time before this one is doing the same. Good luck to you all
LOS ANGELES, April 5, 2010 (GLOBE NEWSWIRE) -- MATECH Corp. (OTCBB:MTCH - News) (MATECH) announced that its Chief of Operations was invited to meet with officials from the Department of Transportation in Virginia (VDOT). Ms. Miceli met with officials at headquarters in Richmond, VA and the meeting was broadcast across the state to the various DOT districts.
Various officials across the state of Virginia participated in a presentation on MATECH's patented technology, the Electrochemical Fatigue Sensor (EFS) System and participated in a meeting on March 25, 2010. The intent of the meeting was to determine the structures within the VDOT system that would benefit from the use of EFS.
MATECH has a proven track record of saving bridge owners money through improving bridge management and public safety with its cutting edge technology, the EFS System. Through eliminating subjectivity of inspections for cracking in bridge members (the FHWA has stated that 90% of these cracks are missed with visual inspection), MATECH is helping to eliminate wasted funds by prioritizing repairs and verifying their effectiveness immediately.
Marybeth Miceli, MATECH's Chief of Operations, says, "VDOT is a progressive transportation department that supports great technologies to aid them in making better bridge management decisions. We are looking forward to working with them on their structures again."
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MATECH Corporation engages in the research and development of metal fatigue detection, measurement, and monitoring technologies in the United States and internationally. The company develops devices and systems that indicate the true status of fatigue damage in a metal component. It produces Fatigue Fuse, a device that integrates the effect of fatigue loading in a structural member. The Fatigue Fuse is designed to be affixed to a structure to give warnings at pre-selected percentages of the fatigue life that has been used up. It also develops Electrochemical Fatigue Sensor, an instrument that detects very small growing fatigue cracks in metals. MATECH Corporation’s technology is applicable to various market sectors, such as bridges and aerospace, as well as ships, cranes, railways, power plants, nuclear facilities, chemical plants, mining equipment, piping systems, and heavy iron. The company was formerly known as Material Technologies, Inc and changed its name to MATECH Corporation in October 2008. MATECH Corporation was founded in 1983 and is based in Los Angeles, California. MATECH
Posts: 38 | From: nyc | Registered: Dec 2009
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{"s" : "mtch.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: MATECH Corp. On Wednesday April 7, 2010, 8:30 am
LOS ANGELES, April 7, 2010 (GLOBE NEWSWIRE) -- A major Milwaukee bridge was shut down last week after failing a safety inspection during which large dangerous cracks were found. Wisconsin state officials shut it down promptly. The cracks, first discovered last autumn, have since increased in size and multiplied. More than 42,000 vehicles cross the bridge each day.
"This is yet another reminder that our nation's infrastructure is deteriorating and in serious need of repair," said Tony Cataldo, Chairman & CEO of MATECH Corp. (OTCBB:MTCH - News) (MATECH). "In addition, while these dangerous cracks were luckily found, approximately 90% of fatigue cracks are missed during traditional inspection and over 80% of "cracks" identified are later proved to be false positives. It is for this reason that reliable crack- detecting technologies like our Electrochemical Fatigue Sensor (EFS) must play a critical role in revitalizing America's infrastructure and protecting its citizens."
On America's aging highway system, 200,000 steel highway bridges must be inspected at least every other year. Considering the expensive and potentially disastrous failures of visual inspection, the need for an advanced, reliable, and inexpensive method of bridge inspection such as our EFS technology is increasingly apparent. With the only nondestructive method able to determine cracks as small as 0.01 inches, MATECH is positioned to become a leader in this vast, rapidly expanding, and increasingly important industry.
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MATECH Corp.: Massachusetts Devotes $3 Billion to Repair State Bridges Other States Pledge Similarly Significant Investment in Infrastructure
.Companies:Matech Corp..Press Release Source: MATECH Corp. On Thursday April 8, 2010, 8:30 am
LOS ANGELES, April 8, 2010 (GLOBE NEWSWIRE) -- The Massachusetts Department of Transportation will devote $3 billion to repairing the state's deteriorating bridges over the next seven years. The program, known as the "Accelerated Bridge Program," is designed to rapidly revitalize the state's economy by improving transportation efficiency and commerce, while also creating jobs in the community.
The program will be funded by the Commonwealth's share of the $787 billion federal stimulus program signed by President Obama last year.
"When combined with our unprecedented Accelerated Bridge Program and federal stimulus projects, we are putting thousands of people to work and jumpstarting our economy as we rebuild our transportation infrastructure," said Massachusetts Governor Deval Patrick.
"The Massachusetts Department of Transportation like others around the country understands that money spent revitalizing our infrastructure is both a short-term and a long-term investment in America's economic future," stated Tony Cataldo, Chairman & CEO of MATECH Corp. (OTCBB:MTCH - News) (MATECH). "We at MATECH look forward to continuing to work with the various state DOT's on their increased efforts to improve the safety and efficiency of our nation's bridges."
As the leader in bridge crack detection technology, MATECH is confident that such increases in bridge repair spending will translate into increased contracts using its revolutionary Electrochemical Fatigue Sensor (EFS) technology, the only non-destructive method able to detect growing cracks in bridges as small as 0.01 inches.
About MATECH
MATECH Corp., formerly Material Technologies, Inc., was founded in 1983 and is based in Los Angeles. It is an engineering, research and development company that specializes in technologies to measure microscopic fractures in metal structures and to monitor metal fatigue. The Company has already completed significant work for the federal government -- generating $8.3 million to develop technology to detect metal fatigue in aircraft. It has also received $5 million in private investments. Building on that base, it is now marketing its technologies to companies and government agencies involved in the inspection of metal highway and railroad bridges. To learn more, go to http://www.globenewswire.com/newsroom/ctr?d=188075&l=6&a=www.matechcorp.com&u=ht tp%3A%2F%2Fwww.matechcorp.com.Posts: 149 | Registered: Oct 2009
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The CEO of this company is the biggest shyster out there. Just google his name, easy enough. Anthony J. Cataldo
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