Wednesday, August 2nd Stock Trading Alert Material Technologies, Inc. (OTCBB: MTNA), The Immune Response Corporation (OTCBB: IMNR), GS CleanTech Corporation (OTCBB: GSCT).
Investors, continue to follow Material Technologies, Inc. (OTCBB: MTNA), a company engaged in the research and development of metal fatigue detection, measurement and monitoring technologies. After the bell Tuesday the company announced that it will be featuring its patented metal fatigue detection solutions next week at the International Conference on Fatigue and Fracture in the Infrastructure.
Material Technologies said it will present technical discussions on the benefits of using its patented Electrochemical Fatigue Sensor(TM) to detect and monitor microscopic growing cracks in bridge infrastructure at the conference, which is designed to bring together world experts in the mechanics, detection, and remediation of metal fatigue damage to bridges and other transportation structures.
The conference, expected to draw transportation agencies including state Departments of Transportation, bridge owners and engineers, inspection engineers, researchers and technology suppliers, will provide a forum to discuss the fatigue and fracture issues facing the transportation industry and evaluate the latest advancements, applications, research and solutions.
The International Conference on Fatigue and Fracture in the Infrastructure - Bridges and Structures of the 21st Century is sponsored by Lehigh University's Advanced Technology for Large Structural Systems Center, and co-sponsored by organizations including the Federal Highway Administration, Pennsylvania Infrastructure Technology Alliance, National Science Foundation, New Jersey Department of Transportation, Port Authority of New York and New Jersey, and Transportation Research Board.
According to the Federal Highway Administration more than half of the steel bridges in the U.S. are structurally deficient or functionally obsolete. The $286 billion Federal Transportation Bill has allocated millions of dollars to help states evaluate non-destructive methods like Material Technologies' Metal Fatigue Detection Technology (EFS) to test growing fatigue cracks in steel bridges. The U.S. Department of Transportation's Fiscal Year 2007 Budget Request continues the funding for bridge safety. $65.6 billion in budgetary resources has been requested to support major investments in transportation nationwide including $4.2 billion for bridge replacement, rehabilitation and preventive maintenance.
Material Technologies, Inc. (OTCBB: MTNA) is currently trading at around 8 cents a share.
Other stocks to watch:
The Immune Response Corporation (OTCBB: IMNR) announced Tuesday that the company had received approvals to expand its Phase II IR103 study in drug-naive HIV patients to include clinical sites in France.
IMNR closed even Tuesday at $0.0215.
GS CleanTech Corporation (OTCBB: GSCT) announced on Monday that the company had executed a definitive agreement with an ethanol producer to extract approximately 1.2 million gallons of crude corn oil per year from the producer's distillers dried grains, to convert into a biodiesel feedstock using GS CleanTech's proprietary corn oil extraction technology.
GSCT closed even Tuesday at $0.081.
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Source: Market Wire (August 2, 2006 - 7:10 AM EDT)
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