Meta Materials to Showcase Global Technology Collaborations at CES 2023

Rhea-AI Summary

Meta Materials Inc. (NASDAQ: MMAT) announced its participation at CES 2023, showcasing partnerships in 5G communications, augmented reality, and Li-ion battery components. Collaborations with companies like Sekisui Chemical aim to enhance network coverage using the award-winning NANOWEB® 5G Reflector. The company is also developing AR technologies through its ARfusion® platform and working with DuPont Teijin Films on innovative battery solutions. META's IP portfolio is close to 500 patents, reflecting its growth and prominence in high-performance materials.

Positive

• Showcasing innovative technologies at CES 2023 can enhance brand visibility.
• Awarded the Lux Innovator of the Year Award for the NANOWEB® 5G Reflector, indicating strong product performance.
• Partnerships with major companies like Sekisui, Covestro, and PPG may lead to expanded market opportunities.
• Expanding IP portfolio nearing 500 patents suggests growth potential in technology development.

Negative

• None.

HALIFAX, NS / ACCESSWIRE / December 28, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced that the Company will be demonstrating a range of technologies at CES 2023 which highlight global collaborations in the areas of 5G Communications, Augmented Reality Eyewear, and Li-ion Battery Components.

META and Sekisui Chemical are working together to improve the performance and coverage of 5G and future 6G networks. META won a Lux Innovator of the Year Award for its NANOWEB® 5G Reflector solution, which is able to passively reflect and redirect high-speed signals at design-specific angles to improve signal propagation and help eliminate dead spots, without requiring any power or a network connection. Made of flexible, transparent conductive film, it can be applied to exterior and interior surfaces of buildings to guide signals, improving outdoor and indoor coverage, without spoiling the appearance of the urban environment.

META works closely with Covestro which supplies key photosensitive raw materials used in holographic applications and augmented reality (AR) eyewear. META acquired the assets and IP of Swiss lens manufacturer, Interglass, to develop the ARfusion® platform technology for smart augmented reality eyewear. Combining precision cast lens fabrication tools with functional metamaterials and volume holograms, it provides AR wearable developers with a platform for seamlessly integrating smart technologies into thin lightweight prescription glasses.

META and PPG are collaborating to develop dynamic dimming functionality of META's NANOWEB® transparent conductive film combined with PPG electrochromic gels and META's ARfusion® platform. The Company will demonstrate electrochromic lenses in NANOWEB® OEM evaluation kits at CES. Dynamic dimming improves performance and battery life for AR eyewear, enabling a clear view of the AR display in bright ambient lighting.

META has partnered with DuPont Teijin Films and Mitsubishi Electric Europe to scale up a proprietary, high volume, roll-to-roll manufacturing system for film-based, metal/polymer copper current collectors. The film-based products will reduce battery weight and cost, improve energy efficiency, extend vehicle range, and enhance safety against the risk of battery fires (known as thermal runaway) compared to standard Li-Ion batteries for electric vehicles and other use cases. META will also be demonstrating NPORE® nanocomposite ceramic separators, which improve battery safety with <1% heat shrinkage up to 200° C.

"META is developing breakthrough, next-generation applications, across a range of industries," said George Palikaras, President and CEO. "We have built a broad set of platform technologies, backed by a rapidly expanding IP portfolio, which is approaching 500 active patent documents. Nevertheless, we could not succeed without our global partners, who contribute technology, key materials, supply chain and channel relationships. I want to acknowledge and thank them for their continued support."

To view META's complete range of product and technology demonstrations, please visit Las Vegas Convention Center, North Hall, booth 9417.

About Meta Materials Inc.

META® delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, high-performance, functional materials, components and systems. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Our nano-optic metamaterial technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Learn more at www.metamaterial.com.

Media Inquiries

Rob Stone
Vice President, Corporate Development and Communications
Meta Materials Inc.
media@metamaterial.com

Investor Contact

Mark Komonoski
Senior Vice President
Integrous Communications
Phone: 1-877-255-8483
Email: ir@metamaterial.com

Forward Looking Information

This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, statements with respect to the ability of the Company to continue to meet the Nasdaq requirements to maintain a Nasdaq listing, the business strategies, product development, expansion plans and operational activities of the Company. Often but not always, forward-looking information can be identified by the use of words such as "pursuing", "potential", "predicts", "projects", "seeks", "plans", "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "should", "would" or "will" be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the total available market and market potential of the products of the Company, the market position of the Company, the need to raise more capital and the ability to do so, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and to operate the business. More details about these and other risks that may impact the Company's businesses are described under the heading "Forward-Looking Information" and under the heading "Risk Factors" in the Company's Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2, in the Company's Form 10-Q filed with the SEC on November 9, 2022, and in subsequent filings made by Meta Materials with the SEC, which are available on SEC's website at www.sec.gov. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law.

SOURCE: Meta Materials Inc.

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FAQ

What technologies will Meta Materials showcase at CES 2023?

Meta Materials will showcase technologies including advancements in 5G communications, augmented reality eyewear, and Li-ion battery components.

What award did Meta Materials win recently?

Meta Materials recently won the Lux Innovator of the Year Award for its NANOWEB® 5G Reflector solution.

What is the significance of the NANOWEB® 5G Reflector?

The NANOWEB® 5G Reflector improves signal propagation and coverage without requiring power, thereby eliminating dead spots.

Who are Meta Materials' partners in their technological developments?

Meta Materials collaborates with Sekisui Chemical, Covestro, PPG, DuPont Teijin Films, and Mitsubishi Electric Europe.

How many patents does Meta Materials have?

Meta Materials has nearly 500 active patent documents, showcasing its innovative capacity.