Matrix Composites & Engineering (MCE) Stock Overview

Matrix Composites & Engineering Ltd designs, engineers, manufactures, and sells composite and material technology solutions to the oil and gas, civil and infrastructure, resources, defense, and transportation industries in Australia and internationally. It offers autonomous underwater vehicles/unmanned underwater vehicles buoyancy, distributed buoyancy module systems, drill riser buoyancy systems, matrix longitudinal groove system (LGS) riser buoyancy system, and Matrix LGS surf systems, as well as Matrix MarineShield, a wraparound corrosion protection system for the preservation of pipelines, risers, piles, and other critical field infrastructure. The company provides well construction and completion products, such as matrix conductor centralizers for fixed platform wells; matrix riser sealing mandrel to enhance the safety of completion and workover operations on board floating drilling units and workover vessels; and Max-R low friction centralizers for well and drilling completions. In addition, it offers VIV suppression equipment for rigid pipelines and coatings application training. Further, the company distributes coatings, including Humiclean, an environmentally friendly, biodegradable, non-toxic, and non-VOC cleaning agent; Humidur Char, a passive fire protection product; Humidur FP, a solvent free epoxy coating; Humidur WF22 anti corrosion coating; and Humidur TC, a solvent-free epoxy siloxane hybrid top coating. Additionally, it provides Matrix Fibrenetic, a rapid installation and lightweight carbon fiber repair system to remediate corroded structures; Matrix Rotolining, an internal lining system; Kinetica dropped object protection cells for protecting critical equipment and work site areas from dropped objects; Kinetic syntactic foam; and provision of inspection, maintenance, and repair services. Matrix Composites & Engineering Ltd was incorporated in 1990 and is headquartered in Henderson, Australia.