Material Technologies, Inc. (MTTG.OB) Bridge Market
Materials Technologies, Inc. (MATECH) will market its EPS product, a nondestructive crack inspection technology, to the federal government, state-level department of transportation agencies, 42 bridge authorities, military agencies, railroad companies and other privately owned transportation and construction based firms. The U.S. Congress has publicly acknowledged the problem of the nation’s aging surface transportation system, and has passed legislation for rehabilitation including the Intermodal Surface Transportation and Efficiency Act (ISTEA) and the Transportation Equity Act (TEA-21). Replacing and retrofitting bridges is extremely costly; thus, states are required to have an effective bridge management system in place in order to receive funding…