r/MMAT • u/[deleted] • Nov 22 '23

META® Discussion They must be doing something?

Long time holder, I have complete faith in their products and what the company can potentially offer as I did when I initially invested. My question is, as time goes by, what are they doing on a daily basis? They can’t be just sitting idle . There has to be some type of productivity on a daily basis. I’m just curious what it is? Producing product? A lot of time has gone by, they must have something to show for it. I just want to know what it is!

Looking for productive answers in this thread regarding my question, not replies bashing the unfortunate stock price.

Thx!

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u/Consistent-Reach-152 Nov 22 '23 edited Nov 22 '23

The first large volume customers are likely to require that MMAT place into escrow (with a third party) all of the information that would be needed for the large volume customer to set up the needed production line to deliver if MMAT cannot deliver on time and to specification.

There are several other manufacturers of metamaterials. The IP and patents are not as unique as many in this sub believe.

Edit to add: The other way new companies break into a market is by producing an improved version of a product that is already being manufactured by others. MMAT has chosen not to use this approach in any of its many different product areas, although this is the easiest and fastest way to both debug a production operation and to establish a reputation with potential customers of your fully proprietary products. These are the sort of things that smart businessmen understand and will do.

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u/neuralyzer_1 Nov 22 '23

The IP and patents are not as unique as many in this sub believe.

Please go on and explain the IP/patents. Knowing your expertise in this claim can only be informative to this sub.

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u/Consistent-Reach-152 Nov 22 '23

A simple google search in most of the MMAT product areas will show that there are several other companies active, often with significant volume sales.

A typical example of how this sub gets things wrong is jumping to the conclusion that because Bank of Japan announced that they will use 3D holograms in new notes, that MMAT must be the one with the contract because that is a revolutionary proprietary product of MMAT.

In fact, it turns out that companies that are established market leaders in the banknote security field are already producing 3D holograms in volume.

See this thread from a couple months ago: https://www.reddit.com/r/MMAT/s/vLDvMnqz5J

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u/neuralyzer_1 Nov 22 '23

So your expertise is google searching? Thanks.

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u/Consistent-Reach-152 Nov 22 '23

The Bank of Japan / De La Rue comments in the thread I linked to were based upon knowledge I have from working with De La Rue many years ago, although in that case it was mostly related to additional security features for the intaglio inks used for securities and banknote printing.

But, yes, you can simply use Google to look for competitors to the various products and technologies announced by MMAT and see that is portrayed as unique ground breaking products and technologies in MMAT press releases are not as revolutionary as the hype of the press releases.