Meta Materials Clarifies Potential Impacts of Reverse Stock Split Proposal - Seite 2

A few of the initiatives that the Company is currently working on are as follows:

• In authentication, META has designed a new anticounterfeiting security feature for a confidential G10 central bank under a multi-year frame agreement with a maximum value of $41.5 million over a period of up to five years. New purchase orders totaling $8.3 million in August and September 2023 bring total orders under this agreement to $22.7 million to date. In November 2023, META received two awards from the International Hologram Manufacturers Association for QUANTUM stripe, its recently launched authentication product for banknotes, combining movement, 3D stereoscopic depth, and multi-color effects in an ultrathin form factor. Additional launches are planned for brand protection and ID.
• In battery materials, broadscale commercialization efforts continue under a $1.5 million agreement with a top-10 global battery manufacturer for NPORE battery separator materials. NPORE is a free standing, flexible separator which is made with a ceramic nanomaterial that provides best-in-class dimensional stability with less than 1% heat shrinkage up to 220° C, to help inhibit thermal runaway. NCORE polymer-metal composite current collectors eliminate more than 90% of the copper compared to solid metal foils, reducing weight, enhancing efficiency and safety. META is in advanced sales and licensing discussions with a number of other global battery OEMs and electric vehicle manufacturers.
• In wide area motion imagery, META showcased its VLEPSIS technology, expected to be the world's first commercially available multi-gigapixel WAMI system, at the Dubai Air Show in November 2023. Offering 10x the resolution of competing platforms, the VLEPSIS system provides large area video coverage of tens to a hundred square kilometers, with sufficient resolution to discern vehicles and people-sized objects. Weighing less than 20 kilograms, the sensor system payload is small, light, and sufficiently low-powered to be deployed on helicopters, fixed wing aircraft, and Group 3 UAS platforms. With a strong response from the Dubai show, META will be taking pre-orders for the VLEPSIS WAMI sensor system, starting in 2024.

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