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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促進超材料增長、規模化和商業化的交易
哈利法克斯,NS/ACCESSWIRE/2021年10月5日/高性能功能材料和納米複合材料開發商Meta Materials Inc.(以下簡稱公司)(納斯達克股票代碼:MMAT)(多倫多證券交易所股票代碼:MMAT)今天宣佈,該公司已完成對Nanotech Security Corp.(以下簡稱Nanotech)(多倫多證券交易所股票代碼:NTS)的收購。Nanotech Security Corp.(以下簡稱為Nanotech)(多倫多證券交易所股票代碼:NTS)是一家開發安全和視覺上令人難忘的納米光學安全特徵的領先企業,這些特徵提供用於政府和紙幣的防偽解決方案。總價值約為9090萬加元(按完全攤薄基礎計算)(“交易”)。
Meta董事會主席拉姆·拉姆庫馬爾説:“Meta專注於增長和擴大其在超材料商業化方面的領導地位。Nanotech的高技能團隊和成熟的、具有成本競爭力的生產能力將補充我們的技術平臺,使其能夠更快地擴展到現有應用中,併為公司擴展到新的垂直領域做好準備。“
Nantech的團隊在納米光子學研發、大容量、卷對卷納米壓印光刻(NIL)和納米塗層生產方面擁有數十年的經驗。納米技術公司擁有內部最先進的電子束光刻(EBL)能力,預計這將大大提高Meta公司與新客户接觸的能力,並縮短材料選擇計劃。Nanotech位於魁北克省瑟索的生產設施佔地11英畝,建築面積10.5萬平方英尺,目前產能每年超過700萬平方米,Meta計劃在未來1-2年內將產能增加約一倍,達到1500萬平方米。欲瞭解更多詳情,請訪問https://investors.metamaterial.com/ir-calendar,觀看宣佈納米技術交易的網絡直播。
META公司總裁兼首席執行官喬治·帕利卡拉斯説:“我們很高興完成這項收購,以便開始合作,為我們的合作伙伴提供最好的質量、深度的專業知識、大規模定製經驗和新的商業機會。”Meta和Nanotech將共同為我們的客户開發和製造智能表面和解決方案,預計將為汽車、安全、醫療保健、航空航天、能源和消費電子等行業增添新的維度。我們期待着與行業領先者合作,為他們帶來納米技術的力量和好處,這將使他們的產品實現行業領先的性能。“
前Nanotech首席執行官兼戰略顧問特洛伊·布洛克(Troy Bullock)表示:“今天是Nanotech的里程碑。我為我們的團隊在開發一些全球可用的最具創新性的防偽和品牌保護安全功能方面所取得的成就感到非常自豪。Meta的專業知識、技術領先地位和資源使我們有能力在創新和擴大納米光學材料領域最先進的技術平臺方面做得更多。在接下來的幾個月裏,Meta計劃推出許多令人興奮的新功能和解決方案,使貨幣和品牌安全行業受益。”
Meta的納米技術業務為持續增長做好了準備。Nantech最近續簽了框架協議(“框架協議”),繼續為其機密政府客户(“機密客户”)開發獨特的安全功能。框架協議的最高價值為5270萬加元,期限不超過五年。根據該協議,Nanotech預計將提交年度固定合同提案,保密客户可以選擇授予採購訂單。在截至2022年9月30日的12個月裏,保密客户已經授予了總計超過890萬加元的採購訂單。
根據這項交易,Meta收購了大約69,854,986股Nanotech股票,現在是100%已發行和已發行的Nanotech股票的持有者。在交易完成之前,Meta並不擁有任何Nanotech股票。截至交易完成,Nanotech的所有董事均從董事會辭職。自即日起,Nanotech股票將在多倫多證券交易所創業板(TSX)退市。META的意圖是,納米技術公司將在其目前是報告發行商的加拿大所有司法管轄區申請停止成為報告發行商。
納米技術公司的總部位於不列顛哥倫比亞省本納比生產路505-3292號,郵編:V5A4R4。
關於Meta材料公司
Meta®通過發明、設計、開發和製造可持續的高功能材料,在一系列應用中提供了以前無與倫比的性能。我們廣泛的技術平臺使領先的全球品牌能夠向其客户提供消費電子、5G通信、醫療保健、航空航天、汽車和清潔能源領域的突破性產品。我們的成就得到了廣泛認可,包括被評為全球清潔技術100強公司。欲瞭解更多信息,請訪問www.metamaterial.com。
Meta的總部位於新斯科舍省達特茅斯研究大道1號,郵編:B2Y 4M9。
前瞻性信息
本新聞稿包括符合加拿大證券法、1933年證券法第27A條(修訂後)、1934年證券交易法第21E條(修訂後)和1995年私人證券訴訟改革法(1995年)有關公司、Nanotech公司、它們的業務和交易的前瞻性信息或陳述,這些前瞻性信息或陳述可能包括但不限於有關公司和Nanotech公司的業務戰略、產品開發、擴張計劃和經營活動以及Nanotech、產能擴張的陳述。收購Nanotech給公司帶來的好處,以及納米技術給公司的合作伙伴和他們經營的行業帶來的好處。前瞻性信息常常但不總是可以通過使用諸如“潛在”、“預測”、“項目”、“尋求”、“計劃”、“預期”、“打算”、“預期”、“相信”、“發展中”、“聚焦”、“延伸”、“位置”或這些詞語和短語的變體(包括負面變體),或者某些行動、事件或結果“可能”、“可能”、“應該”、“可以”、“可以”的陳述來識別。“將”或“將”被採取、發生或實現。此類陳述基於公司管理層對未來事件的當前預期和看法,是基於假設的,受風險和不確定因素的影響。儘管公司管理層認為這些陳述背後的假設是合理的,但它們可能被證明是不正確的。本新聞稿中討論的前瞻性事件和情況可能不會發生,可能會因影響公司的已知和未知風險因素和不確定性而大不相同,包括與與Nanotech交易的潛在利益、Nanotech設施的能力及其擴展相關的風險。, 本公司的研發項目,本公司和Nanotech產品的市場潛力,本公司的市場地位,交易的完成,本公司生產能力的可擴展性,與新客户接觸的能力,選材計劃的時間框架,降低生產成本,提高超材料製造能力,將市場延伸到新的應用和行業的能力,加快商業化計劃的能力,新客户合同的可能性,Nanotech團隊的持續參與,技術行業,市場戰略和運營活動,以及管理層管理和運營企業的能力。有關這些和其他可能影響公司業務的風險的更多詳細信息,在公司於2021年8月10日提交給證券交易委員會的Form 8-K表格中的“前瞻性陳述”標題下、在公司於2021年8月13日提交給SEC的Form 10-Q表格中的“風險因素”標題下、在公司於2021年3月18日提交給SEC的Form 10-K表格中以及Meta Materials隨後提交給SEC的文件(可在SEC網站www.sec.gov上查閲)中有詳細描述。 儘管公司試圖找出可能導致實際行動、事件或結果與前瞻性陳述中描述的大不相同的重要因素,但可能還有其他因素導致行動、事件或結果與預期、估計或預期的不同。因此,讀者不應過分依賴任何前瞻性陳述或信息。任何前瞻性陳述都不能保證。除適用的證券法要求外,前瞻性陳述僅在作出之日發表,公司不承擔任何公開更新或修改任何前瞻性陳述的義務,無論是由於新信息、未來事件或其他原因,除非法律要求。
聯繫人
馬克·科蒙諾斯基
高級副總裁
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資料來源:Meta Materials Inc.
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