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Saturday, December 3, 2022

Meta Materials Inc (NASDAQ: MMAT) Potential Gamma Squeeze as META Enters MOU with DuPont Teijin Films & Mitsubishi Electric Europe

Meta Materials Inc (NASDAQ: MMAT) has been rocketing northbound in recent weeks. It’s an exciting story and one of the most exciting things happening in small caps right now. MMAT which spiked to over $20 per share in 2021 reversed off $0.63 lows in the first week of October and has been running northbound on record volume since then. A frequent mention on the sub reddit r/Shortsqueeze as an upcoming gamma squeeze, MMAT is already a central focus for MMTLP shareholders who have vowed to move all their profits into the stock once the Next Bridge Hydrocarbons Spin-Off plays out. MMAT will report its Q3 2022 financial results on Wednesday, November 9th, after the market close, followed by a webcast on Thursday, November 10, 2022, at 8:00 AM EDT. 

With Nasdaq delisting worries behind it as MMAT will regain full compliance with the $1 bid requirements by Wednesday of this week MMAT has every reason to continue higher. The Company is making a big move into the EV battery space announcing on Friday it has entered into a Memorandum of Understanding in partnership with DuPont Teijin Films and Mitsubishi Electric Europe. Using META’s PLASMAfusion®, the parties plan to scale a proprietary, high volume, roll-to-roll manufacturing system for film-based, coated copper current collectors. The film-based products will reduce battery weight and cost, improve energy efficiency, extend vehicle range, and enhance safety against the risk of battery fires (known as thermal runaway) compared to standard Li-Ion batteries for electric vehicles and other use cases.  


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Meta Materials Inc (NASDAQ: MMAT) operating out of their executive offices in Halifax, Nova Scotia, MMAT delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, high-performance, functional materials. The Company’s 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. Meta Materials nano-optic metamaterial technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. The Company’s achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. 

META has a valuable intellectual property portfolio and is now moving toward commercializing products at a performance and price point combination that has the potential to be disruptive in multiple market verticals. META’s platform technology includes holography, lithography, and medical wireless sensing. The underlying approach that powers the Company’s platform technologies comprises advanced materials, metamaterials and functional surfaces. These materials include structures that are patterned in ways that manipulate light, heat, and electromagnetic waves in unusual ways. The Company’s advanced structural design technologies and scalable manufacturing methods provide a path to broad commercial opportunities in aerospace and defense, automotive, energy, healthcare, consumer electronics, and data transmission. 

META, develops and owns different types of Intellectual Property. The Company currently has a total of 450 active utility and design patent documents, including 12 design patent documents, of which, 288 patents have issued. In the U.S., META has 40 issued patents and 51 pending applications, and in 28 other countries around the world, the Company has 248 issued patents and 111 pending applications. META’s portfolio comprises 103 patent families, of which 62 include at least one granted patent. META’s patent families cover a wide range of technologies and applications, including large-area holographic filtering, scanning holography, battery separators, infrared optical coatings, light capture for solar panels, large-area nanopatterning, near-field lithography, plasmonic lithography, transparent metal meshes, lens casting technologies, radio wave imaging, non-invasive glucose sensing, magnetic resonance imaging, document authentication, nanofabrication (including e-beam and nanoimprint lithography processes), scaled roll-to-roll manufacturing systems, as well as plasmonic, diffractive and photonic crystal nanostructures. 

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MMAT

u/sparkit420 on the subreddit: r/Shortsqueeze states: “Take a look at the (very recent) institutional ownership activity. Total institutional ownership is 14.2 % or about 42,811,580 shares https://finviz.com/quote.ashx?t=MMAT&p=d and over 57% of that (24,859,006 shares) has transacted since 8/01/22 including investments from at least 25 different institutions! Some interesting household names too. https://www.marketbeat.com/stocks/NASDAQ/MMAT/institutional-ownership/ Consider the volume as of late while you take a look at the options chain going out for the next two months. The open interest is getting down right serious. Not to mention the fact that there are only 25,000 shares available to short. https://iborrowdesk.com/report/MMAT. MM’s have already added 2.50 strike to the 11/11 expiration and if Friday’s AH run holds, they should add more on Monday.”

On November 1 META announced it has entered into a Memorandum of Understanding in partnership with DuPont Teijin Films and Mitsubishi Electric Europe. Using META’s PLASMAfusion®, the parties plan to scale a proprietary, high volume, roll-to-roll manufacturing system for film-based, coated copper current collectors. The film-based products will reduce battery weight and cost, improve energy efficiency, extend vehicle range, and enhance safety against the risk of battery fires (known as thermal runaway) compared to standard Li-Ion batteries for electric vehicles and other use cases. 

The MOU is focused on developing battery materials, such as coated copper current collectors and solid-state battery electrodes, as a multi-year project in several stages: a pilot-scale roll-to-roll system, to be followed by an industrial scale mass production line, and further development of the application to the production of solid-state batteries. META will contribute the PLASMAfusion® technology platform, system development and independent testing of finished cells; DuPont Teijin Films will develop and supply the polyester substrates, and Mitsubishi Electric Europe will contribute automation technology, expertise, and interface to machine builders. 

According to an S&P Global Future of Copper report, the world may face a shortfall of between 1.6 and 9.9 million tons of copper by 2035. Even under an optimistic scenario, supply would not meet the copper demand required for net-zero emissions by 2050. An EV requires 2.5 times more copper than an ICE vehicle and the forecasted supply shortage needs a better solution than more mining. Current collectors used on the cathode and anode are made from aluminum and copper foils, respectively, and together contribute about 15% of the weight of the battery cell; the heavier copper material accounts more than 10%. 

META’s PLASMAfusion® technology has already been demonstrated in a project funded by the UK Research and Innovation Faraday Battery Challenge. Thin layers of copper are deposited on both sides of a polyester substrate, reducing the weight of the current collector by up to 80%. Lighter weight increases energy density, extending vehicle range. The polyester inner layer acts like a fuse, helping to inhibit thermal runaway. This new battery technology can reduce the dependence on copper that is needed for the other parts of electric vehicles. With copper consumption in electric vehicles predicted to increase to 4 million tons annually by 2040, this innovation could save millions of tons of copper. Assuming a 65kWh battery pack, as larger and longer-range vehicles enter the market, META estimates a typical EV would require about 650 square meters of anode current collector material. Each GWh of battery capacity would require about 10 million square meters of material, enough to produce about 15,000 vehicles. To supply one million EVs would require 650 million square meters of anode current collector material. The improved energy density of these batteries is expected to not only increase the range of electric vehicles but also make electric aviation more feasible, as well as improve portable electronics and power tools. 

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Currently trading at a $585 million market valuation MMAT OS is 360,837,343. The Company has $508 million in assets with $53.5 million in cash vs. $93 million in liabilities. META lost $24 million during the last quarter. However, META’s revenues are growing very rapidly; in Q2, 2022 META did $3,323,727 in revenues compared to $2,974,695 in revenues in Q1, 2022 and up from $624,320 in Q2, 2021. Revenues are expected to continue to grow at a rapid rate as the Company moves toward commercializing products at a performance and price point combination that has the potential to be highly disruptive in multiple market verticals. Recently META was awarded US$4.3 million in purchase orders for its nano-optic security business, which provides anti-counterfeiting features for currencies and government documents and authentication for brands. META has been executing an agreement with a maximum value of US$41.5 million over a period of up to five years with a confidential G10 central bank customer. We will be updating on MMAT when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in MMAT either long or short and we have not been compensated for this article.

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