The company is based in Brisbane, Australia with a subsidiary in Washington DC, U.S.A. Metal Storm owns the proprietary rights to the electronic ballistics technology invented and developed by J. Mike O’Dwyer.

The company was founded in 1994, listed on the Australian Stock Exchange in 1999 and on the Nasdaq in 2001. The company has over 30 worldwide patents covering aspects of ballistics technology.

The share price has fluctuated between a high of AU$2.65 in 2000 and AU$0.11 in 2005, and the company has never paid a dividend. A range of financing arrangements made during 2006 have ensured that operating funds will be available through to at least 2007.

There are currently no commercially available or mass-produced weapons based on the Metal Storm technology.

In May 2004 Metal Storm conducted a live-firing demonstration to key defence personnel in the US, including the US Army Research Development Engineering Command (ARDEC), Telecordia - an associate company of Science Applications International Corporation (SAIC), and General Dynamics Corporation