Meta Materials Inc. - MMAT STOCK NEWS

Meta Materials Inc. (NASDAQ:MMAT) announced that CEO George Palikaras will present at the LD Micro Main Event XV Conference from October 25-27, 2022, in Bel Air, California. His presentation is scheduled for October 25 at 5:00 pm EDT, followed by one-on-one meetings with investors. Interested attendees can register for the webcast and schedule meetings via email. Meta Materials is recognized for its advanced nanocomposites and sustainable materials across diverse sectors including 5G communications and clean energy.

Meta Materials Inc. (NASDAQ:MMAT) has secured US$4.3 million in purchase orders for its nano-optic security technology, designed for anti-counterfeiting in currencies and government documents. This is part of a broader agreement valued at US$41.5 million with a major G10 central bank. The company's KolourOptik® technology enhances security and visual engagement through advanced optical nanomaterials, addressing a growing global counterfeit market valued at US$509 billion. The security printing market is also expected to grow at a CAGR of 4.5% from 2021 to 2026.

Meta Materials Inc. (NASDAQ:MMAT) announced the appointment of Jack Harding as Chair of the Board of Directors, effective August 16, 2022, succeeding Ram Ramkumar, who will become a Strategic Advisor. Harding brings extensive experience from his roles in the semiconductor industry, including leadership positions at Qorvo and AMD. CEO George Palikaras expressed enthusiasm over Harding's leadership during a pivotal growth phase for the company, which specializes in advanced materials for various industries. This strategic change aims to leverage Harding's expertise to drive innovation and market disruption.

Meta Materials has appointed Mr. Manos Spanos as its first Chief Business Officer. With over 22 years of experience, including roles at PepsiCo and Johnson & Johnson, Spanos aims to enhance business development and revenue growth for the company. His previous achievements include driving a 30% growth at L-Nutra and leading successful marketing strategies at Danone. CEO George Palikaras expressed confidence in Spanos' ability to accelerate META's growth and establish a global leadership position in the metamaterials industry.

Meta Materials Inc. (NASDAQ:MMAT) announced the upcoming release of its Q2 2022 financial results, scheduled for August 9, 2022, after the market close. A webcast will follow on August 10, 2022, at 8:00 AM EDT. The company specializes in high-performance functional materials and nanocomposites, serving industries such as consumer electronics, aerospace, and clean energy. Recognized as a Lux Research Innovator of the Year in 2021, META continues to focus on technology advancements and product commercialization.

Meta Materials Inc. (NASDAQ: MMAT) recently announced the granting of two new U.S. patents for its nanoporous ceramic battery separators, growing its active patent portfolio to 410 documents. This includes 251 issued patents and 159 pending applications. The newly developed NPORE® separators aim to enhance safety and reduce manufacturing costs in lithium-ion batteries, addressing critical challenges in the electric vehicle sector. The global market for battery separators is expected to grow from $5.1 billion in 2021 to $9.0 billion by 2025.

Meta Materials Inc. (NASDAQ:MMAT) announced that its subsidiary, Next Bridge Hydrocarbons, Inc., has filed a Form S-1 registration statement with the SEC to register its common stock. This move aligns with plans to distribute shares of Next Bridge Hydrocarbons to holders of the Company's Series A Non-Voting Preferred Stock. The registration statement has not yet become effective, meaning that securities cannot be sold or offered prior to its approval. Next Bridge Hydrocarbons is focused on oil and gas assets in the U.S., particularly the Orogrande Basin in West Texas.

Meta Materials Inc. (NASDAQ:MMAT) has partnered with Coulometrics to enhance lithium-ion battery technologies. This collaboration aims to validate and improve NPORE® ceramic and PLASMAfusion™ technologies, ensuring safer and more efficient batteries. Key initiatives include manufacturing with advanced metal-coated polymer current collectors and conducting rigorous safety tests. This venture leverages Coulometrics' 28 years of expertise in battery development and aligns with META's goals of innovating battery performance, thereby positioning the company for significant advancements in energy storage solutions.

Meta Materials Inc. (NASDAQ:MMAT) closed a registered direct offering of 37,037,039 shares at $1.35 each, including warrants, raising approximately $50 million in gross proceeds. The warrants are exercisable at $1.75 per share. Funds will support development activities, particularly for the Orogrande Project in Texas, with $5 million allocated specifically for oil and gas initiatives. The offering was facilitated by Roth Capital Partners and A.G.P./Alliance Global Partners, adhering to SEC regulations.