Will Meta Materials shares maintain bullish momentum? ⚡

Shares of high-performance materials and nanocomposites company Meta Materials (MMAT.US) are trading 3% higher today before the open, following yesterday's session in which they gained 17%. At CES in 2023, the company will denounce a range of new technologies related to 5G, 6G and augmented reality (AR), among others. The company also intends to revolutionize the still controversial battery technology in electric cars:

• The company's products focus on 5G technology, augmented reality glasses and next-generation Li-ion battery components. The company is working together with Japan's Sekisui Chemical to improve the performance and coverage of 5G and future 6G networks. It won the Lux Innovator of the Year Award for its NANOWEB 5G Reflector product, which is capable of reflecting and redirecting high-speed signals at any angle to improve signal performance and eliminate dead spots, without requiring power or network connectivity. The product can be used on exterior and interior building surfaces to direct signals, improving network coverage without affecting the appearance of the urban environment;
• Meta Materials said it has partnered with German company Covestro (COV1.DE), which supplies key raw materials used in light-sensitive holographic applications and augmented reality (AR) glasses. To this end, the company has acquired the assets and intellectual property of Swiss lens manufacturer Interglass to develop ARfusion technology for augmented reality smart glasses. With precision tools used to produce cast lenses with functional metamaterials and holograms, the technology is expected to provide AR product developers with a platform to seamlessly integrate smart technologies into thin, lightweight glasses;
• The company is working on the development of dynamic dimming functions for META NANOWEB transparent conductive film in combination with PPG electrochromic gels and the ARfusion platform. At CES, the company will demonstrate electrochromic lenses in NANOWEB kits. According to the company, dynamic darkening improves the performance and battery life of AR glasses, enabling a clear view of the AR display in bright ambient light. It has also recently partnered with DuPont Teijin Films and Mitsubishi Electric Europe to develop its own roll-to-roll manufacturing system for metal-polymer film-based current collectors. According to the company, the film-based products will reduce the weight and cost of electric vehicle batteries, improve energy efficiency, increase vehicle range and safety against the risk of battery fire (thermal runaway) compared to standard lithium-ion batteries for electric vehicles and other applications. META will also demonstrate NPORE nanocomposite ceramic separators that enhance the safety of still controversial batteries through thermal runaway effects at temperatures up to 200° C.
• "Meta Materials is developing breakthrough next-generation applications, across multiple industries (...) We have built a broad set of platform technologies, supported by a rapidly growing IP portfolio that is approaching 500 active patent documents." - commented on the company's latest moves, George Palikaras, President and CEO

The company also announced that it has joined the UN Global Compact, a platform for the development, implementation and disclosure of responsible business practices:
"At Meta Materials, sustainability is at the core of our business, and we are proud to contribute to a more sustainable world by working to extend this commitment to every aspect of our operations, from attracting and retaining a skilled global workforce, to ensuring the highest standards of ethical conduct, reducing the energy we use, and sustainable use of materials for our breakthrough applications (...) It is an honor to be part of a global movement of sustainable companies and stakeholders taking shared responsibility for achieving a better world" - commented George Palikaras, president and CEO, on the decision.

Meta Materials (MMAT.US) shares, H4 interval. Bulls are steering the share price toward $1.26 per share where the 200-session average (SMA200, red), the 71.6 Fibonacci retracement and previous local peaks from October 2022 are located. This level could potentially prove to be the strongest short-term resistance. The price-to-book ratio for Meta Materials shares is around 1.1, suggesting that the company is well valued; the company had a debt-to-asset ratio of 0.01 as of September 30, suggesting that the value of debt represents only 1% of the value of its assets. Source: xStation5