Transaction to Accelerate Growth, Scale and Commercialization of Metamaterials
HALIFAX, NS / ACCESSWIRE / October 5, 2021 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today announced that it has completed the acquisition of Nanotech Security Corp. ("Nanotech") (TSXV:NTS)(OTCQX:NTSFF), a leader in the development of secure and visually memorable nano-optic security features that provide anti-counterfeiting solutions used in the government and banknote and brand protection markets, in an all-cash transaction at C$1.25 per Nanotech common share (each, a "Nanotech Share"), for a total value of approximately C$90.9 million on a fully-diluted basis ("Transaction").
"META is focused on growth and extending its leadership position in commercializing metamaterials," said Ram Ramkumar, META's Chairman of the Board. "Nanotech's highly skilled team and well-established, cost competitive production capability will complement our technology platform enabling a faster scale up into existing applications and position the Company for expansion into new verticals as well."
Nanotech's team brings decades of experience in nanophotonics R&D, high-volume, roll-to-roll nanoimprint lithography (NIL), and nano-coating production. Nanotech has in-house, state of the art electron beam lithography (EBL) capability, which is expected to significantly increase META's capacity for new customer engagements and shorten material selection programs. Capacity at Nanotech's Thurso, Quebec production facility, situated on 11 acres of land, with a 105,000 square foot building, currently exceeds 7 million square meters per year, and META plans to approximately double capacity to 15 million square meters over the next 1-2 years. For more details, please visit https://investors.metamaterial.com/ir-calendar to view the webcast announcing the Nanotech transaction.
"We are excited to have closed the acquisition in order to begin collaborating to offer the best in quality, depth of expertise, mass customization experience and new business opportunities for our partners," said George Palikaras, President and Chief Executive Officer of META. "META and Nanotech will together develop and manufacture intelligent surfaces and solutions for our customers that are expected to add a new dimension to industries such as automotive, security, healthcare, aerospace, energy and consumer electronics. We look forward to working with industry leaders to bring them the power and benefits of nanotechnology, which will enable their products to achieve industry leading performance."
"Today marks a milestone for Nanotech. I am very proud of what our team has accomplished in developing some of the most innovative security features available globally for anti-counterfeiting and brand protection. META's expertise, technology leadership, and resources provide us with the ability to do even more to innovate and scale the most advanced technology platform in nano-optic materials. In the coming months, META plans to roll out many exciting new features and solutions to benefit the currency and brand security industries," said Troy Bullock, former CEO of Nanotech and Strategic Advisor to META.
META's Nanotech business is well positioned for continued growth. Nanotech recently renewed its frame agreement (the "Frame Agreement") to continue development of a unique security feature for its confidential government customer (the "Confidential Customer"). The Frame Agreement has a maximum value of C$52.7 million over a period of not more than five years. Under the Agreement, Nanotech expects to submit annual fixed contract proposals for which the Confidential Customer can elect to award purchase orders. For the 12-months ending September 30, 2022, the Confidential Customer has awarded purchase orders totaling over C$8.9 million.
Pursuant to the Transaction, META acquired approximately 69,854,986 Nanotech Shares and is now the holder of 100% of the issued and outstanding Nanotech Shares. Prior to the completion of the Transaction, META did not own any Nanotech Shares. As of the closing of the Transaction, all of the directors of Nanotech resigned from the board. The Nanotech Shares will be delisted from trading on the TSX Venture Exchange as of the date hereof. It is the intention of META that Nanotech will apply to cease to be a reporting issuer in all jurisdictions of Canada in which it is currently a reporting issuer.
Nanotech's head office is located at 505 - 3292 Production Way, Burnaby, British Columbia, V5A 4R4.
About Meta Materials Inc.
META® delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. 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 achievements have been widely recognized, including being named a Global Cleantech 100 company. Learn more at www.metamaterial.com.
META's head office is located at 1 Research Drive, Dartmouth, Nova Scotia, B2Y 4M9.
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, Nanotech, their businesses and the transaction, which may include, but are not limited to, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company and Nanotech, production capacity expansion, the benefits to the Company of the acquisition of Nanotech and the benefits of nanotechnology to the Company's partners and within the industries in which they operate. Often but not always, forward-looking information can be identified by the use of words such as "potential," "predicts," "projects," "seeks," "plans," "expect", "intends", "anticipated", "believes", "developing", "focused", "extending", "position" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "should," "can", "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, including risks related to the potential benefits of the transaction with Nanotech, the capabilities of Nanotech's facility and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company and Nanotech, the market position of the Company, the completion of the transaction, 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 Nanotech's team, 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 Statement" in the Company's Form 8-K filed with the SEC on August 10, 2021, and under the heading "Risk Factors" in the Company's Form 10-Q filed with the SEC on August 13, 2021, in the Company's Form 10-K filed with the SEC on March 18, 2021, 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.
Contact
Mark Komonoski
Senior Vice President
Integrous Communications
Phone: 1-877-255-8483
Email: ir@metamaterial.com
Media inquiries:
media@metamaterial.com
SOURCE: Meta Materials Inc.
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促进超材料增长、规模化和商业化的交易
哈利法克斯,NS/ACCESSWIRE/2021年10月5日/高性能功能材料和纳米复合材料开发商Meta Materials Inc.(以下简称公司)(纳斯达克股票代码:MMAT)(多伦多证券交易所股票代码:MMAT)今天宣布,该公司已完成对Nanotech Security Corp.(以下简称Nanotech)(多伦多证券交易所股票代码:NTS)的收购。Nanotech Security Corp.(以下简称为Nanotech)(多伦多证券交易所股票代码:NTS)是一家开发安全和视觉上令人难忘的纳米光学安全特征的领先企业,这些特征提供用于政府和纸币的防伪解决方案。总价值约为9090万加元(按完全摊薄基础计算)(“交易”)。
Meta董事会主席拉姆·拉姆库马尔说:“Meta专注于增长和扩大其在超材料商业化方面的领导地位。Nanotech的高技能团队和成熟的、具有成本竞争力的生产能力将补充我们的技术平台,使其能够更快地扩展到现有应用中,并为公司扩展到新的垂直领域做好准备。“
Nantech的团队在纳米光子学研发、大容量、卷对卷纳米压印光刻(NIL)和纳米涂层生产方面拥有数十年的经验。纳米技术公司拥有内部最先进的电子束光刻(EBL)能力,预计这将大大提高Meta公司与新客户接触的能力,并缩短材料选择计划。Nanotech位于魁北克省瑟索的生产设施占地11英亩,建筑面积10.5万平方英尺,目前产能每年超过700万平方米,Meta计划在未来1-2年内将产能增加约一倍,达到1500万平方米。欲了解更多详情,请访问https://investors.metamaterial.com/ir-calendar,观看宣布纳米技术交易的网络直播。
META公司总裁兼首席执行官乔治·帕利卡拉斯说:“我们很高兴完成这项收购,以便开始合作,为我们的合作伙伴提供最好的质量、深度的专业知识、大规模定制经验和新的商业机会。”Meta和Nanotech将共同为我们的客户开发和制造智能表面和解决方案,预计将为汽车、安全、医疗保健、航空航天、能源和消费电子等行业增添新的维度。我们期待着与行业领先者合作,为他们带来纳米技术的力量和好处,这将使他们的产品实现行业领先的性能。“
前Nanotech首席执行官兼战略顾问特洛伊·布洛克(Troy Bullock)表示:“今天是Nanotech的里程碑。我为我们的团队在开发一些全球可用的最具创新性的防伪和品牌保护安全功能方面所取得的成就感到非常自豪。Meta的专业知识、技术领先地位和资源使我们有能力在创新和扩大纳米光学材料领域最先进的技术平台方面做得更多。在接下来的几个月里,Meta计划推出许多令人兴奋的新功能和解决方案,使货币和品牌安全行业受益。”
Meta的纳米技术业务为持续增长做好了准备。Nantech最近续签了框架协议(“框架协议”),继续为其机密政府客户(“机密客户”)开发独特的安全功能。框架协议的最高价值为5270万加元,期限不超过五年。根据该协议,Nanotech预计将提交年度固定合同提案,保密客户可以选择授予采购订单。在截至2022年9月30日的12个月里,保密客户已经授予了总计超过890万加元的采购订单。
根据这项交易,Meta收购了大约69,854,986股Nanotech股票,现在是100%已发行和已发行的Nanotech股票的持有者。在交易完成之前,Meta并不拥有任何Nanotech股票。截至交易完成,Nanotech的所有董事均从董事会辞职。自即日起,Nanotech股票将在多伦多证券交易所创业板(TSX)退市。META的意图是,纳米技术公司将在其目前是报告发行商的加拿大所有司法管辖区申请停止成为报告发行商。
纳米技术公司的总部位于不列颠哥伦比亚省本纳比生产路505-3292号,邮编:V5A4R4。
关于Meta材料公司
Meta®通过发明、设计、开发和制造可持续的高功能材料,在一系列应用中提供了以前无与伦比的性能。我们广泛的技术平台使领先的全球品牌能够向其客户提供消费电子、5G通信、医疗保健、航空航天、汽车和清洁能源领域的突破性产品。我们的成就得到了广泛认可,包括被评为全球清洁技术100强公司。欲了解更多信息,请访问www.metamaterial.com。
Meta的总部位于新斯科舍省达特茅斯研究大道1号,邮编:B2Y 4M9。
前瞻性信息
本新闻稿包括符合加拿大证券法、1933年证券法第27A条(修订后)、1934年证券交易法第21E条(修订后)和1995年私人证券诉讼改革法(1995年)有关公司、Nanotech公司、它们的业务和交易的前瞻性信息或陈述,这些前瞻性信息或陈述可能包括但不限于有关公司和Nanotech公司的业务战略、产品开发、扩张计划和经营活动以及Nanotech、产能扩张的陈述。收购Nanotech给公司带来的好处,以及纳米技术给公司的合作伙伴和他们经营的行业带来的好处。前瞻性信息常常但不总是可以通过使用诸如“潜在”、“预测”、“项目”、“寻求”、“计划”、“预期”、“打算”、“预期”、“相信”、“发展中”、“聚焦”、“延伸”、“位置”或这些词语和短语的变体(包括负面变体),或者某些行动、事件或结果“可能”、“可能”、“应该”、“可以”、“可以”的陈述来识别。“将”或“将”被采取、发生或实现。此类陈述基于公司管理层对未来事件的当前预期和看法,是基于假设的,受风险和不确定因素的影响。尽管公司管理层认为这些陈述背后的假设是合理的,但它们可能被证明是不正确的。本新闻稿中讨论的前瞻性事件和情况可能不会发生,可能会因影响公司的已知和未知风险因素和不确定性而大不相同,包括与与Nanotech交易的潜在利益、Nanotech设施的能力及其扩展相关的风险。, 本公司的研发项目,本公司和Nanotech产品的市场潜力,本公司的市场地位,交易的完成,本公司生产能力的可扩展性,与新客户接触的能力,选材计划的时间框架,降低生产成本,提高超材料制造能力,将市场延伸到新的应用和行业的能力,加快商业化计划的能力,新客户合同的可能性,Nanotech团队的持续参与,技术行业,市场战略和运营活动,以及管理层管理和运营企业的能力。有关这些和其他可能影响公司业务的风险的更多详细信息,在公司于2021年8月10日提交给证券交易委员会的Form 8-K表格中的“前瞻性陈述”标题下、在公司于2021年8月13日提交给SEC的Form 10-Q表格中的“风险因素”标题下、在公司于2021年3月18日提交给SEC的Form 10-K表格中以及Meta Materials随后提交给SEC的文件(可在SEC网站www.sec.gov上查阅)中有详细描述。 尽管公司试图找出可能导致实际行动、事件或结果与前瞻性陈述中描述的大不相同的重要因素,但可能还有其他因素导致行动、事件或结果与预期、估计或预期的不同。因此,读者不应过分依赖任何前瞻性陈述或信息。任何前瞻性陈述都不能保证。除适用的证券法要求外,前瞻性陈述仅在作出之日发表,公司不承担任何公开更新或修改任何前瞻性陈述的义务,无论是由于新信息、未来事件或其他原因,除非法律要求。
联系人
马克·科蒙诺斯基
高级副总裁
综合通信
电话:1-877-255-8483
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