Meta Materials Inc. - MMAT STOCK NEWS

Meta Materials Inc. (NASDAQ: MMAT) announced its participation at SPIE Photonics West 2022, happening from January 25-27 at the Moscone Center, San Francisco. The company will showcase innovative solutions, including the ARfusion™ platform and holoOPTIX™ SLANT filters. Attendees can visit Booth 2161 and also participate in a Job Fair on January 25-26. The exhibition highlights META's advancements in photonics and nanomaterials, emphasizing its commitment to sustainable technology and production capabilities.

Meta Materials Inc. (NASDAQ:MMAT) announced an update on the Series A Preferred Stock dividend linked to its oil and gas assets and the planned spinout of these assets to Series A stockholders. All required drilling operations for four wells in the Orogrande project were completed as of December 13, 2021, satisfying lease obligations. The company aims to finalize the spinout to OilCo Holdings, Inc. by March 2022, with a new management team already in place. This spinout is expected to enhance value for preferred stockholders.

Meta Materials Inc. (NASDAQ: MMAT) showcased its award-winning NANOWEB® 5G reflector technology at CES 2022, emphasizing sustainable solutions for enhancing 5G network coverage. This transparent film matches the signal strength of metal plates without needing power, effectively addressing challenges in urban environments and within buildings. Independently tested with Sekisui Chemical, it promises significant market potential, particularly with Sekisui targeting 6 billion Yen (~$51MM) in sales by 2026. The pilot production line in California is set to become operational in January 2022.

Meta Materials Inc. (NASDAQ:MMAT) announced the results of its annual meeting held on December 3, 2021. All seven director nominees were elected with significant support, including Ram Ramkumar (99.6%) and George Palikaras (99.7%). KPMG LLP was appointed as the auditor with 99.7% approval. The 2021 Equity Incentive Plan was also approved, allowing for up to 34,945,745 shares to be issued. These developments indicate strong shareholder support for management decisions and future growth possibilities.

Meta Materials Inc. (NASDAQ:MMAT) provides an update regarding its Series A Preferred Stock dividend related to its oil and gas assets. The company confirms that drilling operations in the Orogrande project are on track for completion this month, ensuring compliance with lease obligations. The anticipated spinout of these assets is targeted for early Q1 2022. This process aims to maintain the intrinsic value of the assets for Series A stockholders. Further updates are expected post-drilling operations.

Meta Materials Inc. (NASDAQ: MMAT) announced the appointment of Elsa Keïta as Executive Vice President of Corporate Strategy, Partnerships & Innovation. Keïta brings over 12 years of experience from Airbus, where she led strategic partnerships and raised over $1 billion in funding. Her expertise in managing complex operations and partnership development is expected to enhance META's growth strategy. The company aims to accelerate its commercialization efforts in smart materials, addressing industry needs globally.

Meta Materials Inc. (NASDAQ:MMAT) announced its participation in two major tradeshows: FILMTECH Japan from December 8-10, 2021, and CES 2022 from January 5-8, 2022. At FILMTECH, META will showcase advanced holography and lithography technologies, including laser glare protection and NANOWEB for deicing applications. At CES 2022, the focus will be on Smart Cities solutions and 5G technologies, with exhibits including ARfusion™ for prescription lenses and EMI Shielding. META aims to leverage these platforms to foster business partnerships and demonstrate its innovative materials technology.

Meta Materials Inc. (NASDAQ:MMAT) reported significant financial growth for Q3 2021, with total revenue soaring 189% to $572,612 compared to Q3 2020. Year-to-date revenue increased 111% to $1,793,235. However, the company faced a net loss of $11,425,248 in Q3, and $61,467,070 for the nine months, largely due to a $40,540,091 one-time non-cash loss. Operating cash usage rose to $15,584,000. Cash reserves stood at $140,796,052 as of September 30, 2021. A substantial $72.1MM was spent on acquiring Nanotech Security Corp.

Meta Materials Inc. (NASDAQ:MMAT) has announced its significant achievement of exceeding its 2021 patent goal by securing a total of 247 patents, a 166% increase from 93 patents at the end of 2020. This portfolio consists of 154 issued patents and 93 pending applications across 65 patent families, enhancing the company's innovation and market position in high-performance functional materials. The recent Nanotech acquisition contributed 19 patent families, further strengthening META's diverse technological landscape. Future plans include filing at least 30 more patent applications in 2022.