MTSX great technology but great stock?

Here is a really neat company on the forefront of some technologies that are going to be needed.

Yahoo Finance,"Metal Storm Limited, a development stage defense technology company, engages in the research and development of electronic ballistics systems in Australia and the United States. It develops projectile launching systems utilizing electronically fired and stacked projectile technology. The company also develops weapon system for unmanned ground vehicle, weapon system for unmanned aerial vehicle, fire fighting systems, and hand guns, as well as area denial weapon system and individual combat weapons. In addition, Metal Storm manufactures and sells precision engineered parts to the defense, electronics, aircraft, and space propulsion industries. The company has an agreement with Electro Optic Systems Holdings, Ltd. to co-develop and market a new weapon system, which combines the features of Metal Storm's weapons with Electro Optic Systems fire control and sensor systems. Metal Storm was incorporated in 1994 and is headquartered in Brisbane, Australia."

Its too early to speculate on how well this company will perform but its definitely a speculative play to keep on the radar.

stock closed at 2.54 may 17 2006