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.
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.
1999
Preston and Nagel start a new company, Atomic Ordered Materials, and old Molten Metal plant becomes headquarters (right).
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2001
Molten Metal executives settle shareholder lawsuit alleging fraud for $11.8 million.
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.