Mistras Group Inc.
MGMistras Group Inc. is a provider of integrated technology-enabled asset protection solutions. The company offers nondestructive testing, inspection, and monitoring services to industries such as energy, aerospace, transportation, and manufacturing to ensure the integrity and safety of critical infrastructure and assets. Founded in 1959, Mistras operates globally, utilizing advanced technology to help clients manage risk, reduce downtime, and comply with regulatory standards.
Company News
MISTRAS Group is collaborating with Villari to provide advanced wireless crack-detection sensors for monitoring steel structures across various industries, enabling continuous asset health monitoring and proactive maintenance.
MISTRAS Group, Inc. has appointed Cody Elliott as Vice President of Pipeline Data Solutions to drive the growth and advancement of its inline inspection and integrity engineering services for pipeline integrity data solutions.
MISTRAS Group reported a decline in revenue and net loss for Q1 2025 due to market uncertainty, but the company is focused on cost management and growth in other industries to improve profitability.
The corrosion monitoring market is experiencing robust growth due to the increasing integration of AI-based detection systems and digital twin technologies, which enable real-time monitoring and predictive maintenance, thereby enhancing asset longevity and operational efficiency across various industries.
MISTRAS Group, Inc. (NYSE: MG) announced the passing of its Founder, Chairman Emeritus, and Board Director, Dr. Sotirios J. Vahaviolos, a visionary leader in non-destructive testing and acoustic emission. The company will continue to operate as planned, with no changes to its management or strategic direction.
