On pre-market trading, Meta Materials Inc. (NASD: MMAT) shares were up 8.04% at $0.81, extending yesterday’s rally on no recent news. The share price closed at $0.75 trading at 7.17 million shares.
MMAT: What’s new?
Using its nano-optic security technology, Meta Materials (MMAT) provides anti-counterfeiting features for currencies and government documents, as well as brand authentication.
- A confidential G10 central bank customer has been the subject of an agreement worth up to $41.5 million over a five-year period.
- A new purchase order represents the base award for the ongoing work under the multi-year agreement.
- Additional purchase orders can be added to extend the scope of the award.
- In the field of banknote security technology, Meta Materials is committed to leadership.
- By delivering next-generation solutions for protecting banknotes, and government documents, and providing brand authentication, nano-optic technology addresses an emerging, multibillion-dollar problem.
- MMAT’s key customer continues to validate its progress with additional funding as the company continues to advance the program.
- Globally, fake goods accounted for 3.3% of global trade in 2019, up from 2.5% in 2013, according to the 2019 OECD report Trends in Counterfeit and Pirated Goods.
- Security Printing Market despite the worldwide pandemic is valued at $29.8 billion and is projected to grow at a CAGR of over 4.5% between 2021 and 2026.
How MMAT is refining its technology?
As part of Meta Materials (MMAT) KolourOptik technology, optical nanomaterials (also referred to as plasmonic metamaterials) combine multi-directional motion, 3D stereo-depth, high-resolution, and multiple colors to create an award-winning visual experience. As well as enhancing the theme of the overall banknote, MMAT’s KolourOptik delivers unique visual effects that enhance security and visual engagement.