Meta Materials Signs Alan Newman, a World-Renowned Expert in Banknote Innovation from De La Rue

Newman's Three-Decade Legacy of Leading the World's Premier Banknote Design and Product Team is Set to Bolster Meta Materials' Cutting-Edge Nano-Optic Technologies

HALIFAX, NS / ACCESSWIRE / July 5, 2023 / Meta Materials Inc. ("META®") (NASDAQ:MMAT)(FSE:MMAT), a global leader in advanced materials and nanotechnology, announces the appointment of Mr. Alan Newman as Chief Product Officer for Authentication and Managing Director of the Banknote and Authentication new Business Unit, reporting to META's President and CEO, effective September 5, 2023.

Mr. Newman is celebrated as a luminary in the banknote industry, boasting an illustrious career that spans over 35 years. He is widely regarded as one of the top global experts in his field. His acumen in driving innovation and his relentless pursuit of excellence have been instrumental in maintaining De La Rue's undisputed status as the paragon of banknote design.

At De La Rue, Mr. Newman architected the meteoric ascent of their design team, which is globally acclaimed as the most prestigious in the industry. Under his visionary leadership, the team achieved unparalleled success, including the creation of over 600 groundbreaking banknote designs that have been circulated worldwide. His stewardship also yielded 14 coveted international design awards since 2008 and a remarkable feat of launching 30% of the world's new banknote designs.

META's President and CEO, George Palikaras, expressed tremendous enthusiasm about this key milestone. "We are truly privileged to welcome an industry titan like Alan Newman to our executive team," he said. "His trailblazing contributions to innovative product development for the world's paramount banks speak volumes. With his wealth of experience, relationships, and keen insights, we believe Alan is perfectly poised to exponentially propel META's strategy and unlock unparalleled opportunities."

Alan Newman conveyed his fervor for joining META and remarked, "META is at the vanguard of innovation, particularly with its nano-optic technology. The potential for applying these advanced materials to usher in a new era for banknote and brand authentication is both exciting and boundless. I am invigorated by the prospect of synergizing my expertise in design, manufacturing, and commercialization to not only redefine industry standards but also to contribute to the growth of META's other burgeoning domains. Together, we expect to pave new avenues for groundbreaking innovation."