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MATECH Acquires License for Structural Damage Assessment System
Material Technologies (“MATECH”), a company that engages in the research and development of technologies to monitor and measure metal fatigue, has acquired Damage Assessment Technologies, Inc., a wholly owned subsidiary of UTEK, a specialty finance company focused on technology transfer, in a stock transaction.
Damage Assessment Technologies, Inc. holds an exclusive worldwide license for a structural damage assessment system that was developed at the University of South Carolina. The system uses embedded ultrasonic sensors connected to lightweight analyzers to perform active structural monitoring. The sensors provide data to analyzers, which is then compared to a database of past structural characteristic data to determine potential flaws in the structure.