01:08 PM EST, 01/24/2025 (MT Newswires) -- Metavista3D (DDD.V) shares were last seen down 48% as the company on Friday signed a memorandum of understanding (MOU) with Incari GmbH, a leading German automotive supplier, through its unit, psHolix AG.

Metavista3D will focus on developing an advanced retrofit display solution tailored for a prestigious German sports car manufacturer under this partnership.

"This partnership opens the door for Metavista3D to enter the automotive market and tap into the growing demand for 3D solutions in this dynamic industry. The automotive sector remains a largely untapped opportunity for us, and we are excited to be a part of its rapid evolution," said Metavista3D Chief Executive Jeff Carlson. "With this collaboration, we are poised to help reshape the future of automotive displays, and we look forward to the exciting developments ahead."

Shares of the company, however, were last seen down $2.17, or 47%, at $2.38 on the TSX Venture Exchange.

Price: 2.38, Change: -2.17, Percent Change: -47.69