BUSINESS DEVELOPMENT UPDATE
Since the release of our previous update on January 21, 2009 the
following business items have developed:
§ MATECH signed and completed three inspections with the New
South Wales Road and Traffic Authority (RTA) to inspect three highway
bridges in Australia. The final report is awaiting comment and will
be submitted within the month.
§ MATECH’s personnel trained RTA staff on how to perform
their own EFS inspections. It is anticipated that the RTA will be
purchasing their own equipment for inspecting their steel bridges
across New South Wales.
§ MATECH has now trained personnel from an east coast inspection
firm to perform inspections on the Eastern Seaboard. This firm
will be purchasing equipment in the near future.
§ MATECH has administratively signed a large contract with HNTB
to inspect structures for PennDOT for this coming inspection season.
§ MATECH officials have had additional meetings with high-ranking
officials at a large aerospace company to discuss use of our technologies
on airframes and shipping vessels, as well as aligning the two
companies within the bridge industry. These meetings led to joint
presentations for NYC officials from 4 different agencies given
on April 7, 2009. Follow-up will be performed with NYCDOT and the
Buildings Department.
§ MATECH officials will be meeting with high-ranking politicians
throughout the month of April, discussing the cost benefit of EFS
use on infrastructure across the country.
§ MATECH has completed two additional equipment orders for the
Federal Highway Administration for their work on the Steel Bridge
Testing Program and has provided assistance in analyzing the data
from their laboratory testing.
§ MATECH completed their initial contract Union Pacific Railroad.
§ MATECH continues to be in contact with officials at TXDOT,
Caltrans, ALDOT, LADOT, NJDOT, NYSDOT, as well as others about future
inspection work.
§ Officials from other Australian agencies witnessed the inspections
performed in New South Wales. MATECH officials are in talks with
these Australian officials to provide inspections services for their
agencies.
§ MATECH officials met with their lobbyists and have devised
a plan for 2009 with the new administration and the new Congress.
§ MATECH continues to be in talks with other sensor manufacturers
to discuss sensor fusion opportunities in the infrastructure and
other markets.
§ MATECH officials, in conjunction with IRG of New York City,
distributed a news-wise media piece and articles following the release
of the ASCE report card in January.
§ MATECH officials presented at and attended the following conferences
in the months of January, February, and March:
o Transportation Research Board, Washington
DC
o ASNT Spring Research Symposium, St. Louis, MO
o ASNT Section Meeting, Santa Fe Springs, CA
Best regards,
Robert M. Bernstein
CEO
This letter includes “forward-looking statements” from
the company that may or may not materialize. Although management
believes the assumptions on which the forward-looking statements
are based are reasonable, forward-looking statements are inherently
subject to risks and uncertainties and no representation is made
or should be inferred with respect to the accuracy or completeness
of them or the likelihood that they can or will be achieved. In evaluating
the forward-looking statements, recipients should consider various
factors, including our ability to change the direction of the company;
our ability to keep pace with new technology and changing market
needs; and the competitive environment of our business. These and
other factors may cause our actual results to differ materially from
any forward-looking statement. Recipients are cautioned not to place
undue reliance upon the accuracy or adequacy of the forward looking
statements.
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