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Meta Materials Inc. (MMAT) stock gained during pre-market. Here’s to know why?

Meta Materials Inc. (NASDAQ: MMAT) stock decline by 0.6% at the last close whereas the MMAT stock price surged by 7.49% in the pre-market trading session. META invents, designs, develops and manufactures sustainable, highly functional materials to achieve previously unattainable performance in a variety of applications.

MMAT stock’ Update

Ms. Elsa Keta has been named Executive Vice President, Corporate Strategy, Partnerships, and Innovation at Meta Materials Inc. She will be working for the Company’s business strategy as a part of the META executive leadership team, as well as supporting and leading major strategic projects and collaborations.

Ms. Keta enters META after twelve years at Airbus, where she held positions such as Vice President of Strategic Partnerships and Innovation, Deputy Chief Innovation Officer, and Senior Director Business Development. In the sphere of aviation services, she has handled a variety of strategic collaborations, notably M&A and joint ventures. She formed 15 strategic collaborations with key technology start-ups in smart materials and nanocomposites, 3D printing, cybersecurity, knowledge extraction, design optimization, and quality nonconformity. Ms. Keta was awarded the “Rising Star Award” by Global Corporate Venturing in 2016 and has raised nearly over $1 billion in capital in the transportation industry via debt, asset finance, and equity.

George Palikaras, President and CEO stated that,

They are certain that Elsa will contribute unique insights that will magnify the work they do and help them to establish further strong OEM and Tier 1 partnerships, as she has vast experience running deep-tech start-up open innovation projects with international influence and effect. She joins META at a pivotal moment in the company’s growth and strategic strategy. Her significant expertise managing complicated operations and developing strategic roadmaps at large OEM and Tier 1 firms, as well as her genuine passion for assisting entrepreneurs in turning their ideas into profitable enterprises, will be immensely beneficial.

Ken Rice, CFO, and EVP stated that,

Elsa is a seasoned finance and corporate strategy executive with a wide range of expertise in and outside of the aerospace industry. Elsa’s extensive corporate strategy and financial knowledge, as well as strong managerial acumen, make her an excellent addition to their team as they prepare to commercialize their breakthrough late-stage assets.

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