In 2023 Meta Materials Inc. (MMAT:NASDAQ; MMAX:CSE; MMAT:FSE) is slated to showcase some of its technologies at the Consumer Electronics Show (CES) Jan. 5 to 8, 2023, in Las Vegas, Nev., and is expected to announce its first commercial production contract sometime during the year, reported Graham Mattison, a senior research analyst at Water Tower Research, in a Dec. 19 research note.
Mattison wrote that on the first day of the expo, Meta Materials will participate in ShowStoppers at CES 2023, a presentation of new technologies to the media, industry leaders, and advocates.
During all four days of CES, the Nova Scotia, Canada-based company will host Booth 9417 in the North Hall, where some of its technologies, all of which improve existing products in an important way, will be on exhibit.
Another catalyst to watch for in 2023 is the announcement of Meta Materials' first technology being commercially incorporated into a product. This would constitute "a major milestone in the company's growth of commercial revenues," Mattison wrote.
Meta Materials will showcase its NANOWEB transparent electromagnetic interference shield installed in the door of a microwave oven.
The company also will demonstrate its NANOWEB heaters for deicing/defogging of advanced driver-assistance systems sensors; its NANOWEB antennas and electrochromic lenses for augmented reality eyewear; its NANOWEB 5G reflector films for managing signal propagation indoors and outdoors; and its NPORE nanocomposite ceramic battery separator.
These collectors, which reduce copper usage and improve safety, will be displayed in the company's booth and incorporated into the exhibited Project Arrow concept electric vehicle.
Another catalyst to watch for in 2023 is the announcement of Meta Materials' first technology being commercially incorporated into a product. This would constitute "a major milestone in the company's growth of commercial revenues," Mattison wrote.
Water Tower Research purported this technology likely will be NANOWEB for application in microwave oven doors, given several factors. One, this could be brought to the consumer product market quickly. High-end microwaves are an ideal initial target market, given their consumers will be less price-conscious and their manufacturers seek new technology to gain market share. Also, microwave ovens are ideal for the product size Meta Materials can currently produce.
To get an idea of the size of the market for these appliances, Mattison noted, "it is estimated that about 70 million microwaves are sold each year, with the typical replacement being about seven to 10 years."
Meta Materials is currently trading at about $1.41 per share.
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Disclosures For Water Tower Research, Meta Materials Inc., December 19, 2022
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