RCS - Meta Materials Inc - Meta Materials and Panasonic Industry Announcement

Panasonic HoldingsAnnouncement

29/09/2023 08:15

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RNS Number : 0478O  Meta Materials Inc  29 September 2023

Meta Materials and Panasonic Industry Collaborate on Next Generation
Transparent Conductive Materials

Leveraging META's patented NANOWEB® designs and Panasonic Industry's
proprietary process technology to deliver on new automotive and consumer
electronics applications

NOVA SCOTIA, CANADA and OSAKA, JAPAN / ACCESSWIRE / September 29, 2023 / Meta
Materials Inc. (the Company or META) (NASDAQ:MMAT), an advanced materials and
nanotechnology company and a leading solution provider in the field of
multi-functional transparent conductive materials, and Panasonic Industry Co.,
Ltd. (Panasonic Industry), an operating company in charge of device business
within the Panasonic Group with a proprietary and scalable process technology
which delivers fine line low resistance and high transparency conductive
films, have been jointly developing a strategic collaboration from design to
mass production. This joint effort is expected to strengthen the supply of
NANOWEB® films and accelerate the growth of the transparent conductive film
industry, offering new applications for the automotive and consumer
electronics sectors, such as transparent film antennas, transparent film
heaters, and transparent film electromagnetic shielding.

Today there is an emerging need for ultra-low sheet resistance and high
optical performance, especially required for large area applications such as
flexible solar cells, smart windows for next generation communications and
transparent heaters for automotive applications. According to BCC Research,
the global market for transparent conductive films is projected to grow at a
9.2% CAGR, from $4.9 billion in 2020, to $7.6 billion by 2025.

"Our strategic collaboration with Panasonic Industry represents a pivotal
moment for META. We have selected Panasonic Industry to mass produce our
patented designs due to their outstanding process technology, coupled with
their automotive-grade quality, which supports our common goal to expand the
transparent conductive materials sector," stated George Palikaras, President
and CEO of META. "This collaboration allows us to pool our collective
know-how, setting new benchmarks for the industry."

Panasonic Industry's low resistance and high transmittance transparent
conductive film has been mass-produced since 2018 in response to the demand
for high performance and upsizing touch sensors. META has been successfully
working with Panasonic Industry under a Master Services Agreement for several
months, resulting in the successful qualification and production of several
NANOWEB® proprietary designs for various applications.

Panasonic Industry's Director of Touch Solutions Business Unit Yuichi
Yoshikawa, expressed equal enthusiasm about the collaboration, stating, "We
are excited to join forces with META to push the boundaries of transparent
conductive materials. This collaboration will be able to provide unprecedented
value to the world with the most advanced solutions. Together, we will create
new possibilities for various applications, and the industry."

The collaboration between META and Panasonic Industry combines the design
power of NANOWEB® metal mesh designs with Panasonic Industry's leading
proprietary and scalable process technology in transparent conductive films.
Together, they will offer cutting-edge alternatives that surpass industry
standards and set new benchmarks.

Panasonic Industry and Meta Materials will be showcasing at the Panasonic
Industry booth at CEATEC 2023, Japan's leading comprehensive technology
exhibition, from October 17 to 20, 2023. The partners will demonstrate a
microwave oven with a transparent EMI shielding window, transparent antennas,
and transparent heaters for deicing and defogging of automotive ADAS sensors.
These demonstrations will highlight the superior performance and versatility
of the metal mesh solutions developed through this collaboration.

About Us:

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® technology platforms enable
global brands to develop new products to improve performance for customers in
aerospace and defense, consumer electronics, 5G communications, batteries,
authentication, and automotive and clean energy. Learn more at
www.metamaterial.com (https://pr.report/IF5BAsKQ) .

Panasonic Industry Co., Ltd. was established on April 1, 2022, as an operating
company in charge of the device business within the Panasonic Group in line
with its shift to an operating company system. The mission of the company
states that "We will open the way to a better future and continue to
contribute to an affluent society through a variety of device technologies."
On a global basis, the company has about 42,000 employees and achieved net
sales of 1,149.9 billion yen for the fiscal year ended March 31, 2023. Against
the backdrop of a labor shortage in manufacturing, the explosion of data with
the rise of the information-based society, and greater demands for the
environment and safety for the mobility society, the company will focus on
areas where ongoing evolution is required and continue to provide customer
value with distinctive features of unique material and process technologies
such as capacitors, compact servomotors, EV relays, and electronic materials.
Learn more about Panasonic Industry at
https://www.panasonic.com/global/industry. (https://pr.report/4gwOS6Wt)

Media Inquiries:

Rob Stone

Vice President, Corporate Development and Communications

Meta Materials Inc.
media@metamaterial.com (mailto:media@metamaterial.com)

Investor Contact

Mark Komonoski

Senior Vice President

Integrous Communications

Phone: 1-877-255-8483

Email: ir@metamaterial.com (mailto:ir@metamaterial.com)

Panasonic Industry Press Contact

Corporate Communication Team

Management Planning Department

Panasonic Industry Co., Ltd.

Email: press-industry@ml.jp.panasonic.com
(mailto:press-industry@ml.jp.panasonic.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 META, which may include, but are not limited to,
statements or implications with respect to the business strategies, product
development, expansion plans and operational activities of META.

This press release also includes forward-looking information or statements
about Panasonic Industry. To the extent that information or statements in this
press release do not relate to historical or current facts, they constitute
forward-looking information or statements for Panasonic Industry.

Often but not always, forward-looking information or statements may 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 META
and Panasonic Industry and are based on assumptions and subject to risks and
uncertainties. Although the management of META and Panasonic Industry believe
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 META and Panasonic Industry, the
capabilities of our facilities and the expansion thereof, research and
development projects of META and Panasonic Industry, the total available
market and market potential of the products of META and Panasonic Industry,
the market position of META and Panasonic Industry, the need to raise more
capital and the ability to do so, the scalability of META's and Panasonic
Industry'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 META's businesses are
described under the heading "Forward-Looking Information" and under the
heading "Risk Factors" in META's 10-K filed with the SEC on March 23, 2023, in
META's Form 10-K/A filed with the SEC on March 23, 2023, with an SEC filing
date of March 24, in META's Form 10-Q filed with the SEC on August 9, 2023,and
in subsequent filings made by Meta Materials Inc. with the SEC, which are
available on the SEC's website at www.sec.gov (https://pr.report/BQSC2duo) .

Although the META and Panasonic Industry have attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking information or 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 information or statements. No
forward-looking information or statements can be guaranteed. Except as
required by applicable securities laws, forward-looking information or
statements speak only as of the date on which they are made and META and
Panasonic Industry do not undertake any obligation to publicly update or
revise any forward-looking information or statements, 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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