HALIFAX, NS / ACCESSWIRE / March 15, 2023 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT, FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced another issued U.S. patent directed to lithium batteries that utilize novel separators including, but not limited to, nanoporous ceramic NPORE® separators. META is developing innovative materials to help inhibit battery fires, make batteries safer and more efficient, extend vehicle range, and make battery supply chains more sustainable. META now has a total of 501 active patent documents, of which 315 patents have issued.

META Active Patent Applications by Level 1 Technology

This new patent, US Pat. No. 11,605,862, was issued on March 14, 2023, and is entitled "Batteries Utilizing Anode Coatings Directly on Nanoporous Separators." It is directed at lithium batteries where the anode or negative electrode comprises a dispersion or "wet" layer of the anode materials. A second-related Meta Materials patent, US Serial No. 17/733,235, has received a Notice of Allowance and will issue shortly.

Dr. Steve Carlson, Executive Vice President, Advanced Materials and Battery Products at META, is the inventor. Dr. Carlson was selected as the 2022 Inventor of the Year by the New York Intellectual Property Law Association (NYIPLA) for his inventions in the field of safer lithium batteries. This new granted patent is his 54th US patent. META has a portfolio of more than 115 active patent documents worldwide related to lithium-ion battery technologies and products for batteries and battery separators.

"Battery fires continue to be a common problem across all applications, from mobile devices to e-bikes and EVs. Both of our new products have features that help prevent thermal runaways," said George Palikaras, President and CEO. "As a result of the energy transition to renewable grid sources and electric vehicles, demand for copper is expected to increase dramatically. With solid copper foils accounting for about 10% of the weight of typical battery cell, our NCORE™ product can significantly improve efficiency and sustainability for batteries and EVs."

Next week, at the International Battery Seminar & Exhibit, Orlando, FL, March 20-23, 2023, META will be presenting and exhibiting in booth #917. META's combined solution to improve battery safety and inhibit thermal runaway at the cell level features NPORE® nanoporous ceramic separators and NCORE™ metal-polymer current collectors. NPORE® separators are uniquely heat stable to inhibit thermal runaway, with less than 1% shrinkage up to 220° C. NCORE™ eliminates up to 96% of copper or aluminum content, reduces battery weight approximately 5%, frees up space for more active material, and includes a fuse-like feature for increased safety.

"To protect our broad range of technology platforms, products, and manufacturing technologies, META continues to grow its IP portfolio," said Dr. Shann Kerner, META's Chief Intellectual Property Officer. "We now have 501 active patent documents, across 126 patent families, of which 68 include at least one issued patent. This is an 86% increase compared to 269 active patent documents in 74 families one year ago."

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.