Material Technologies, Inc. (MTTG.OB) – Saving the Nation’s Bridges One Crack at a Time
According to the Federal Highway Administration, 2,160 of Pennsylvania’s 7,605 steel bridges are “structurally deficient,” and another 1,651 bridges aren’t even usable. Those numbers are staggering, yet the FHWA reports that 90% of fatigue cracks are overlooked by inspectors using visual methods, and 56% of ratings are inaccurate. For this reason, the FHWA chose Material Technologies, Inc. (OTCBB: MTTG) to participate in the administration’s Steel Bridges Testing Program to study inspection methods capable of identifying existing and growing cracks in bridges. Per the agreement, the FHWA will purchase Material Technologies’ Electrochemical Fatigue Sensor (EFS) technology, and will receive training and…