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The Boston Globe

Business

Timeline: Disruption in the Continuum

Tracking the history of Molten Metal Technology and Continuum Energy Technologies.

1989

  • John Preston (right) helps Bill Haney and Chris Nagel launch Molten Metal Technology in an old Cambridge factory building.


1993

  • Molten Metal goes public, trading on NASDAQ.

Globe File photo

1995

  • Vice President Al Gore (right) is given a tour of the Molten Metal plant in Fall River by CEO Bill Haney.

1996

  • Allegations surface that Gore helped Molten Metal receive $33 million in Department of Energy grants after executives gave campaign donations.

1997

  • Molten Metal files for Chapter 11 bankruptcy protection.

Globe file photo

1999

  • Preston and Nagel start a new company, Atomic Ordered Materials, and old Molten Metal plant becomes headquarters (right).

2001

  • Molten Metal executives settle shareholder lawsuit alleging fraud for $11.8 million.

Rose Lincoln for the Globe/File

2004

  • Swiss heiress Corinna von Schonau-Riedweg begins investing millions in Preston and Nagel’s new company, which is later renamed Continuum Energy Technologies. At right, workers at Continuum.

2012

  • Von Schonau-Riedweg files lawsuit against Preston and Nagel, alleging fraud and mismanagement of investments. At right, engineer Mike Pendergast in Continuum’s Hot Metal Lab.

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