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Meta Materials Inc - MMAT STOCK NEWS

Welcome to our dedicated news page for Meta Materials (Ticker: MMAT), a resource for investors and traders seeking the latest updates and insights on Meta Materials.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Meta Materials's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Meta Materials's position in the market.

Rhea-AI Summary
Meta Materials Inc. (MMAT) announced that its QUANTUM stripe authentication product won two awards (Best Origination and Best in Show) at the 2023 International Hologram Manufacturers Association - IHMA Awards. The QUANTUM stripe is a revolutionary banknote security product based on META's award-winning KolourOptik technology, ensuring next-generation security and authentication in banknote production. According to a Banknote Industry News survey, the volume of banknotes in circulation grew by 4.5% in 2022 on a global basis compared with 2021, and is expected to reach nearly $22.9 billion by 2027. META's CEO Uzi Sasson emphasized the industrial applications of their authentication products within banknote, ID, and brand markets, highlighting their strategic focus on sales, marketing, and R&D among their core business lines.
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Meta Materials Inc. (MMAT) Reports Q3 2023 Revenue Growth and Cost Cutting Efforts
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Meta Materials Inc. (MMAT) will showcase its VLEPSIS® airborne EO wide-area motion imagery (WAMI) system at the Dubai Air Show, November 13-17, 2023. The VLEPSIS platform provides large area video coverage with AI-based multi-object tracking and DVR-like analytical capability. It promises to fill an important gap in overhead observation and addresses multi-billion-dollar defense and commercial markets.
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Meta Materials Inc. (NASDAQ:MMAT) announced preliminary positive cost-cutting results from its restructuring, focusing on core business lines generating revenue and those expected to do so soon. The board approved a revised operating plan to preserve runway into 2024 and beyond. The company continues to work on its most productive business lines, including Photonic Material, Electro-Optics, and Battery Materials. META also announced leadership transitions and plans to spin off non-core business lines to capture and preserve capital for R&D and core products, with expected annualized cost savings of $20 to 30 million.
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Meta Materials Inc. appoints Jennifer Cheraso as Chief Human Resources Officer.
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Meta Materials Inc. appoints Jim Fusaro as CEO, replacing George Palikaras
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-9.09%
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Meta Materials Inc. appoints Philippe Morali to its Board of Directors
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4.76%
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Meta Materials Inc. and Panasonic Industry are collaborating to strengthen the supply of NANOWEB® films and accelerate the growth of the transparent conductive film industry. This collaboration offers new applications for the automotive and consumer electronics sectors. The global market for transparent conductive films is projected to grow at a 9.2% CAGR, from $4.9 billion in 2020 to $7.6 billion by 2025. The collaboration combines NANOWEB® metal mesh designs with Panasonic Industry's proprietary process technology, providing cutting-edge alternatives that surpass industry standards and set new benchmarks.
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Meta Materials Inc. has been awarded $6.2 million in new purchase orders for its authentication, nano-optic security business, bringing the total orders received to approximately $22.7MM. The company's QUANTUM™ stripe technology is quickly broadening its commercial presence and aims to help central banks and governments protect against counterfeiting. Cash continues to play a significant role in global economies, accounting for over $7.6 trillion in consumer spending in 2022 and providing financial inclusion for unbanked individuals. Recognizing cash's role is crucial for financial inclusion.
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Meta Materials Inc. appoints Mark Spencer as SVP of Product and Design for its Authentication division
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Meta Materials Inc

Nasdaq:MMAT

MMAT Rankings

MMAT Stock Data

15.33M
4.67M
14.53%
6.8%
9.23%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Dartmouth

About MMAT

metamaterial technologies inc. (mti) is a smart materials and photonics company that is changing the way we use, interact, and benefit from light. it designed a new class of multi-functional materials—also known as metamaterials—with engineered properties that go beyond what is found in nature. mti has created a new patented platform technology, which has been developed using a variety of smart materials that are capable of dramatically changing the way light can be manipulated. these thin-films can either absorb, block or enhance light the company specializes in metamaterials, nanofabrication, theoretical and computational electromagnetics; bridging the gap between the theoretical and the possible. with in-house design, access to world-class nanocomposite researchers, and nanofabrication expertise, mti is able to develop a wide array of metamaterial applications that encompass several industries including aerospace and defense.