META® reaches major milestone to qualify a global mass supplier for NANOWEB® and is ready for customer application development and volume scale-up agreements
HALIFAX, NS / ACCESSWIRE / July 19, 2023 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT), a global leader in advanced materials and nanotechnology, and a leading innovator in the field of transparent conductive materials, announced today that it has reached a major milestone in the commercial deployment of its NANOWEB product line through a strategic collaboration with a leading global manufacturer in Japan. The Company is ready for customer application development and volume scale-up agreements.
The strategic collaboration combines the design power of META's metal mesh technology with the supplier's exceptional production capabilities in transparent conductive films. Together, this collaboration will offer cutting-edge alternatives that surpass industry standards and set new benchmarks for the mass production of META's NANOWEB, a transparent conductive metal mesh film.
"This is a major milestone in our work to commercially deploy NANOWEB, and we're proud to qualify a global contract mass manufacturer of choice. We have been working closely since February of 2023 with the manufacturer, and we are extremely pleased with the results of our quality tests," said George Palikaras, President and CEO of META. "We're excited to move forward, and we're ready to develop customer-specific applications and enter into volume scale-up agreements."
The collaboration with a global supplier recognized for its manufacturing expertise and automotive quality, is expected to deliver ground-breaking solutions designed to revolutionize the transparent conductive materials sector with new applications for the consumer electronics and automotive industries. To date, the agreement has facilitated the scaling, mass production, and testing of NANOWEB designs in samples up to 600mm wide.
A Master Service Agreement between the two companies to collaborate and innovate for advanced solutions designed to push the boundaries of transparent conductive materials has been in place since February 8, 2023. More details around the strategic collaboration are expected to be announced in the fall.
About Meta Materials Inc.
Meta Materials Inc. (META®) is an advanced materials and nanotechnology company. We develop new products and technologies using innovative sustainable science. Advanced materials can improve everyday products that surround us, making them smarter and more sustainable. META's technology platforms enable global brands to develop new products to improve performance for customers in aerospace and defense, consumer electronics, 5G communications, batteries, authentication, automotive and clean energy. Learn more at www.metamaterial.com.
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Meta Materials Inc.
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Forward Looking Information
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SOURCE: Meta Materials Inc.
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