NANOWEB® Enables Efficient Deicing/Defogging, Electrochromic Glass, and Transparent Antennas

HALIFAX, NS / ACCESSWIRE / January 5, 2023 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ: MMAT)(FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced that NANOWEB® automotive product applications will be featured in the Project Arrow exhibition in Las Vegas from January 5-8, at CES 2023. The Automotive Parts Manufacturers' Association (APMA) of Canada launched the first, original, full-build zero-emission concept vehicle named Project Arrow, the largest commercial vehicle collaboration in Canadian automotive history.

Many emerging technologies have historically been adopted by the automotive industry to improve performance, safety, and comfort. META has developed several technologies that uniquely benefit the automotive industry and its customers, with a clear focus on high performance, sustainable solutions. Automotive EV units are projected to grow at a 22% CAGR globally, from 2021 to 2030, with revenues surpassing $1 trillion in 2030, according to IDTechEx.

"We're proud to be part of the Project Arrow team, working together with Canada's automotive supply sector and post-secondary institutions to deliver this game-changing vehicle designed from the bottom up specifically for the Canadian environment and its harsh winter conditions," said George Palikaras, President and CEO. "We're poised to turn powerful concepts into practical applications, utilizing invisible nanocomposite technologies. META's automotive solutions do more with less by addressing the need for more efficient and sustainable material use, with an added benefit of improved functionality. Our NANOWEB® product is uniquely able to offer multiple applications such deicing and defogging, EMI shielding, electrochromic glass to reduce heat buildup in summertime, and act as a vehicle antenna, while remaining completely transparent."

NANOWEB® can be tailored to generate heat on-demand to provide efficient deicing and defogging for automobiles. It can be embedded into glass with no visible lines. Many vehicles today either use bulky systems to blow air or have heat element lines that are visible on a glass surface for defrosting a window, especially on the rear window. NANOWEB® can also be tailored to function as an antenna on vehicle sunroofs, windshields, and windows, to protect LIDAR sensors from electromagnetic interference, and it may be used to control an electrochromic layer, adjusting the tint of a sunroof from light to dark at the touch of a button. META is developing NANOWEB® dynamic dimming functionality in collaboration with PPG.

To see META's NANOWEB® automotive solutions as part of the Project Arrow concept vehicle, visit Project Arrow at LVCC, West Hall, Booth #6653.

Visit META® at LVCC, North Hall, Booth #9417 to see demonstrations and exhibits including our award-winning NANOWEB® EMI shielding for microwave oven doors, automotive applications including NANOWEB® for deicing/defogging, transparent antennas, and NPORE® nanocomposite ceramic battery separators, as well as 5G technologies for smart cities solutions, and ARfusion® electrochromic lenses. Book a meeting with a member of our team at https://metamaterial.com/events/ces-2023/.

About Meta Materials Inc.

META® delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, high-performance, functional materials, components and systems. 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 nano-optic metamaterial technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Learn more at www.metamaterial.com.

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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, which may include, but are not limited to, statements with respect to the ability of the Company to continue to meet the Nasdaq requirements to maintain a Nasdaq listing, the business strategies, product development, expansion plans and operational activities of the Company. Often but not always, forward-looking information can 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 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, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the total available market and market potential of the products of the Company, the market position of the Company, the need to raise more capital and the ability to do so, 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 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 the Company's businesses are described under the heading "Forward-Looking Information" and under the heading "Risk Factors" in the Company's Form 10-K filed with the SEC on March 1, 2022, with an SEC filing date of March 2, in the Company's Form 10-Q filed with the SEC on November 9, 2022, 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.

SOURCE: Meta Materials Inc.