Mistras Group Inc. - MG STOCK NEWS

MISTRAS Group, Inc. (NYSE: MG) has received a U.S. patent for its innovative Sensoria™ system, which enables continuous monitoring of wind turbine rotor blades. This patented technology detects various types of damage in real-time, including cracks and lightning strikes, enhancing operational uptime and efficiency for wind energy operators. CEO Dennis Bertolotti emphasized the importance of this technology in modernizing maintenance practices in the growing wind energy sector. MISTRAS aims to provide comprehensive digital solutions for blade integrity management, maximizing productivity and minimizing costs.

MISTRAS Group, Inc. (MG: NYSE) will present at the Sidoti Virtual Small Cap Conference on January 19-20, 2022. CEO Dennis Bertolotti, CFO Edward Prajzner, and COO Jon Wolk will discuss the company's latest solutions, including OneSuite™ and Sensoria™, designed for asset protection and wind energy monitoring. The presentation starts at 1:00 PM ET, followed by a Q&A session accessible online. MISTRAS, a leader in technology-enabled asset protection solutions, aims to enhance safety and operational uptime across various critical industries.

MISTRAS Group, Inc. (NYSE: MG) has partnered with INEOS Group to enhance its risk-based inspection (RBI) program utilizing MISTRAS’ Plant Condition Management Software (PCMS^®). This software will support INEOS in improving operational safety and mechanical integrity across its global facilities. With a strong track record, PCMS^® is already installed in over 500 facilities worldwide, ensuring compliance with API practices. This collaboration underscores MISTRAS' commitment to operational excellence and risk reduction in the industrial sector.

MISTRAS Group, Inc. (MG: NYSE) will present at the Sidoti Virtual Microcap Conference on December 8, 2021, at 09:15 AM ET. The presentation, led by CEO Dennis Bertolotti and CFO Edward Prajzner, will highlight the company's integrated technology-enabled asset protection solutions. MISTRAS focuses on ensuring the safety and operational uptime of critical infrastructure in various sectors, including oil, gas, aerospace, and power. Attendees can access the conference via a provided link.

MISTRAS Group, Inc. (NYSE: MG) has launched two proprietary technologies: OneSuite™ asset protection software ecosystem and Sensoria™ wind blade monitor. OneSuite™ enhances asset integrity data through over 50 interconnected applications, making it user-friendly and accessible. Sensoria™ utilizes acoustic emission technology to monitor wind turbine blade health, optimizing performance and safety. This move signifies MISTRAS' commitment to a data-driven future in asset protection, supporting various industries from oil and gas to civil infrastructure.

MISTRAS Group, Inc. (MG: NYSE) reported a strong third quarter for 2021, with revenue increasing 18% to $174.6 million and net income rising 122% to $3.4 million. Gross profit also grew by 10.2% to $52.2 million, though the gross profit margin declined to 29.9% due to rising reimbursable travel costs. The company anticipates flat revenues in Q4 2021 due to ongoing impacts from COVID-19, particularly in aerospace and defense. However, growth in core markets like energy is expected to continue, aided by the launch of new technological solutions.

MISTRAS Group, Inc. (NYSE:MG) has announced a conference call for November 3, 2021, at 9:00 AM ET to discuss its Q3 2021 results. The press release with the results will be available after market close on November 2, 2021. Participants can join the call via phone or stream it live on MISTRAS' website. The company, a leader in integrated asset protection solutions, aims to enhance safety and operational uptime across critical industries. This call will provide insights into its financial performance and business outlook.

MISTRAS Group, Inc. (MG: NYSE) will participate in the Sidoti Virtual Investor Conference. CEO Dennis Bertolotti and CFO Edward Prajzner will present on September 23, 2021, at 9:15 AM ET, followed by a Q&A session.

One-on-one investor meetings are scheduled for September 22 and 23. MISTRAS is a global provider of asset protection solutions in critical infrastructure sectors, enhancing safety and operational uptime through integrated technology and services.

MISTRAS Group, Inc. (MG: NYSE) announced that its CEO, Dennis Bertolotti, and CFO, Edward Prajzner, will present at the virtual H.C. Wainwright Global Investment Conference from September 13-15, 2021. The presentation will commence on September 13 at 7:00 A.M. (ET) and can be accessed online. MISTRAS offers technology-enabled asset protection solutions for critical industries, emphasizing safety and operational uptime. Their services include non-destructive testing and real-time monitoring to support various sectors like oil and gas, aerospace, and civil infrastructure.