MMAT stock is attracting attention as of January 16, 2022. The Increase in buzz surrounding the stock appears to be from the announcement of new 5G reflection materials and a special dividend series A preferred stock.
META Demonstrates Award-Winning Transparent 5G Reflector Technology at CES 2022
On January 5, 2022, Meta Materials Inc. (NASDAQ: MMAT, FSE: MMAT) a developer of high-performance functional materials and nanocomposites, announced that it will be demonstrating NANOWEB® 5G reflector technology live at CES 2022, LVCC North Hall Booth 9253. Winner of the Lux Research Innovator of the Year Award in 2021, META’s 5G reflector should provide a more sustainable and cost-effective solution compared to installing additional powered base station and repeater infrastructure. It is the only low-loss transparent film which can be aesthetically applied to windows and other surfaces to enhance 5G network coverage both outdoors and within buildings without requiring power or a network connection.
The promise of 5G networks is to deliver broadband speeds wirelessly, while allowing a much larger number of simultaneous connections, to enable powerful new applications for smart cities and enhanced mobility. A major challenge is that these higher-speed signals have shorter range than prior generations and are easily absorbed or blocked by objects in the environment. This causes dead spots in dense urban environments and within buildings. Solving the problem with additional base stations and repeaters is costly and requires access to suitable sites, power, and fiber optic backhaul connections.
The live video demonstration shows how a solid aluminum metal plate is an almost perfect reflector for a 5G signal, with the reflected signal measuring -37dB (98%). However, lack of transparency limits the locations where signals can be redirected with metal reflectors. NANOWEB® features a precisely defined, nanostructured transparent metal mesh. The video shows how the transparent film seamlessly matches the signal strength of a solid metal plate, with a return signal measuring -37dB.
A second demonstration shows what happens in situations where the angle of the incoming signal does not align well with the desired receiving location. The signal reflected from the metal plate in an off angle is almost completely lost, measuring -51dB (.01%). A specialized NANOWEB® reflector provides a design-specific reflection angle to optimize signal propagation, measuring a -37% dB signal, despite the anomalous angle.
META’s 5G reflector technology has been independently tested in collaboration with Sekisui Chemical in Japan, demonstrating the ability to effectively manage 5G signals within buildings. Sekisui plans to start sample sales in 2022 and aims for sale of 6 billion Yen (~$51MM) in 2026.
“Our first 300mm web width, roll-to-roll NANOWEB® pilot production line, featuring META’s proprietary RML® (rolling mask lithography) technology, should be operational in January 2022 at our recently upgraded facility in Pleasanton, California and we are already organizing demonstrations and customer visits for Q1 2022,” said George Palikaras, President and CEO. “We look forward to supplying higher volumes and web-widths to support market development for 5G communications and a wide range of other applications in automotive, aerospace, and consumer electronics.”
META® delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Learn more at https://www.metamaterial.com.
META Provides Update on the Special Series A Preferred Stock Dividend
On January 14, 2022, Meta Materials Inc. (NASDAQ:MMAT)(FSE:MMAT) provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets and the planned spinout of these assets to the Company’s Series A preferred stockholders.
On December 3, 2021, META provided an update on the Company’s oil and gas assets and operations. We indicated that four wells must be drilled in the Orogrande project in 2021 to enable the Company to hold the lease for sale or spinout. As of December 13, 2021, all required drilling operations on the four well sites were successfully completed. The Company believes that with the completion of the work on these four wells, META is again in compliance with all aspects of its lease obligations, and the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project has been satisfied.
With the completion of this work, the Company is now moving forward to the next steps in the spinout process for these assets. This work includes, but is not limited to, formal transfer of the assets to OilCo Holdings, Inc. (the “OilCo”), a newly formed wholly-owned subsidiary of META, ensuring that the OilCo capital structure supports a spinout and, making any necessary filings with the SEC. META has finalized permanent arrangements with a completely new management team for OilCo who bring significant experience in oil and gas exploration as well as specific experience in the Orogrande region. This team is continuing to consult for OilCo regarding operations and structure of OilCo moving forward.
“The new management team of OilCo has been instrumental in ensuring that a very aggressive drilling schedule during the 4th quarter of 2021 was met. I am personally very pleased with the advice, counsel and operating guidance this team has given META, and I hope to continue working with this new team once the spinout is finalized,” said Greg McCabe, former Chairman of the Board of Torchlight Energy Resources, Inc., the guarantor of certain loans from META to OilCo to fund the drilling operations, and a holder of a plurality of the shares of the Series A Preferred Stock.
META currently plans to complete the spinout of OilCo as quickly as it can, with a target of March 2022, subject to compliance with all legal requirements and process approvals by all involved parties. The Company’s objective has been and remains to ensure that the intrinsic value of these assets is maintained for the benefit of the Series A preferred stockholders of META and that the assets are transferred as rapidly as possible to the Series A preferred stockholders.
Kerrisdale announces short in Meta Materials, says stock worth 25c
On December 14, 2021, Kerrisdale Capital announced a short position in Meta Materials saying the company’s business “is comprised of a whole lot of nothing: no real revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th..., no promising technologies, undeveloped products, no track record of achievement.” The firm known for its short positions added, “The company is a collection of disjointed and failed laboratory experiments designed, in our opinion, to fuel a stock promotion scheme.” Kerrisdale does not believe Meta is worth any more than the cash on its books, or 25c per share. Meta Materials in morning trading is down 4%, or 13c, to $2.96. Source: https://www.kerrisdalecap.com/wp-content/uploads/2021/12/Meta-Materials-Inc.-MMAT.pdf
📺 Metamaterials Explained Simply and Visually
[embedyt] https://www.youtube.com/watch?v=JH3YbgzUL-U[/embedyt]📉 MMAT Stock Technical Analysis
Both the long and short-term trends are negative. It is usually better to avoid buying stocks with negative trends. MMAT is part of the Semiconductors & Semiconductor Equipment industry. There are 107 other stocks in this industry, all of which are performing better than MMAT. MMAT is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52-week range, so MMAT is lagging the market. Prices have been falling strongly lately, it is better to avoid new long positions here.
There is resistance at 2.25 from a trend line in the daily time frame. There is a resistance zone ranging from 2.52 to 2.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
The technical rating of MMAT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when MMAT stock consolidates and is a good long entry.
