Matech says that every 10 days a bridge fails
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Friday November 20, 2009
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LOS ANGELES, CA–(CRWE NEWSWIRE) - MATECH Corp. (OTC.BB:MTCH - News) (www.matechcorp.com) announces that infrastructure problems in the U.S. continue to worsen: every 10 days a bridge fails somewhere in the United States, according to the Texas Transportation Institute.
These devastating collapses and closures can partially be attributed to unreliable bridge inspection methods. According to government reports, 90% of fatigue cracks are missed during visual inspection, the most common inspection method. These oversights increase the probability of a potential structural failure. Furthermore, over 80% of “cracks” identified later prove to be false positives, which results in wasteful spending on unneeded repairs. In light of these inefficiencies, it is clear that a cost effective solution that saves both money and lives is needed to secure the nation’s infrastructure.
MATECH’s proprietary Electrochemical Fatigue Sensor (EFS) System is an important answer to this problem. This revolutionary technology, based on proven electrochemical principles, has shown its efficacy on over 25 bridges in 10 different states for various state departments of transportation as well as railroads across the nation. MATECH’s EFS technology is currently the only nondestructive inspection method on the market able to detect growing cracks as well as subsurface cracks as small as 0.01 inches in steel bridges
MATECH has a proven record of saving bridge owners money through improving bridge management and public safety with its cutting edge EFS System. By eliminating subjectivity of inspections for cracking in bridge members MATECH is helping to reduce wasted funds by prioritizing repairs and providing immediate verification of the repairs’ effectiveness.
About MATECH
MATECH Corp., founded in 1983, is an engineering, research and development company based in Los Angeles, CA. The Company specializes in technologies to measure microscopic fractures in metal structures. MATECH is now marketing its 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 internationally. To learn more, please visit: www.matechcorp.com.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as “believe,” “will,” “breakthrough,” “significant,” “indicated,” “feel,” “revolutionary,” “should,” “ideal,” “extremely” and “excited.” These statements are made under “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See the Company’s filings with the Securities and Exchange Commission including, without limitation, the Company’s recent Form 10-K and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Contact:
Contact:
Stephen Taylor
Taylor Capital, Inc.
Phone (973) 351-3868
Email Contact
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