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			<p><b><a name="OLE_LINK1">UNITED STATES<br>
					</a>SECURITIES AND EXCHANGE COMMISSION<br>
					Washington, D.C.&nbsp; 20549<br>
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					<font size="+1">FORM 8-K<br>
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					<br>
					<font size="+1">CURRENT REPORT<br>
						<br>
					</font></b>Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934<br>
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							Date of Report (Date of earliest event reported):</div>
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							<b>April 30, 2007</b></div>
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				<p align="center"><b><u>MATERIAL TECHNOLOGIES, INC.<br>
						</u></b>(Exact name of registrant as specified in its charter)<br>
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							<p align="center"><b><u>Delaware<br>
									</u></b>(State or other<br>
								jurisdiction of incorporation)</p>
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							<p align="center"><b><u>33-23617<br>
									</u></b>(Commission<br>
								File Number)</p>
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							<p align="center"><b><u>95-4622822<br>
									</u></b>(I.R.S. Employer<br>
								Identification No.)</p>
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							<p align="center">&nbsp;&nbsp;</p>
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							<p align="center">&nbsp;&nbsp;</p>
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								<p><b>11661 San Vicente Boulevard, Suite 707<br>
										<u>Los Angeles, California&nbsp; 90049<br>
										</u></b>(Address of principal executive offices)&nbsp; (zip code)</p>
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							<p align="center">&nbsp;&nbsp;</p>
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							<p align="center"><b><u>(310) 208-5589<br>
									</u></b>(Registrant&rsquo;s telephone number, including area code)</p>
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								<p align="center">Not applicable</p>
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							<p align="center">(Former name or former address, if changed since last report.)</p>
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			<b>Item 1.01&nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement<br>
				<br>
			</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April 30, 2007, we entered into an Agreement and Plan of Acquisition (the &ldquo;Agreement&rdquo;) with UTEK CORPORATION,&nbsp; a Delaware corporation (&ldquo;UTEK&rdquo;), pursuant to which all of the issued and outstanding shares of Damage Assessment Technologies, Inc. a Florida corporation (&ldquo;DATI&rdquo;), which is wholly owned by UTEK , are acquired by the Company which, by law, includes the acquisition of the License Agreement between DATI and South Carolina Research Foundation.<br>
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			<b>Item 2.01&nbsp; Completion of Acquisition or Disposition of Assets<br>
				<br>
				&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b>Effective April 30, 2007, we completed the above described transaction acquiring 100% of the issued and outstanding stock of DATI.&nbsp; At the time of the acquisition DATI assets included $250,000 in cash and licensing rights contained within the above referenced License Agreement.&nbsp; There was and is no material relationship between the Company and DATI or our officers, directors or shareholders prior to or pending with respect to this Agreement.<br>
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			<b>EXHIBITS<br>
				<br>
			</b>10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agreement and Plan of Acquisition Agreement among UTEK and DATI<br>
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			<p><b>SIGNATURES<br>
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			<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.<br>
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				Date:&nbsp;&nbsp;&nbsp; April 30, 2007<br>
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				&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Material Technologies, Inc.,<br>
				&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a Delaware corporation<br>
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				&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:_<u>/s/ Robert M. Bernstein</u>____________<br>
				&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Robert M. Bernstein,<br>
				&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer<br>
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{"company-data": {"conformed-name": "MATERIAL TECHNOLOGIES INC /CA/", "cik": "0001036668", "assigned-sic": "3823", "irs-number": "954622822", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-23617", "film-number": "07817332"}, "business-address": {"street1": "11661 SAN VICENTE BOULEVARD", "street2": "SUITE 707", "city": "LOS ANGELES", "state": "CA", "zip": "90049", "phone": "3102085589"}, "mail-address": {"street1": "11661 SAN VICENTE BOULEVARD", "street2": "SUITE 707", "city": "LOS ANGELES", "state": "CA", "zip": "90049"}}
Untitled Page
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 30, 2007
MATERIAL TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other
jurisdiction of incorporation)
33-23617
(Commission
File Number)
95-4622822
(I.R.S. Employer
Identification No.)
11661 San Vicente Boulevard, Suite 707
Los Angeles, California  90049
(Address of principal executive offices)  (zip code)
(310) 208-5589
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report.)
Item 1.01   Entry into a Material Definitive Agreement
On April 30, 2007, we entered into an Agreement and Plan of Acquisition (the "Agreement") with UTEK CORPORATION,  a Delaware corporation ("UTEK"), pursuant to which all of the issued and outstanding shares of Damage Assessment Technologies, Inc. a Florida corporation ("DATI"), which is wholly owned by UTEK , are acquired by the Company which, by law, includes the acquisition of the License Agreement between DATI and South Carolina Research Foundation.
Item 2.01  Completion of Acquisition or Disposition of Assets
Effective April 30, 2007, we completed the above described transaction acquiring 100% of the issued and outstanding stock of DATI.  At the time of the acquisition DATI assets included $250,000 in cash and licensing rights contained within the above referenced License Agreement.  There was and is no material relationship between the Company and DATI or our officers, directors or shareholders prior to or pending with respect to this Agreement.
EXHIBITS
10.1     Agreement and Plan of Acquisition Agreement among UTEK and DATI
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:    April 30, 2007
Material Technologies, Inc.,
a Delaware corporation
By:_
/s/ Robert M. Bernstein
____________
Robert M. Bernstein,
Chief Executive Officer