Metavista Provides Disclosure Clarifications

VANCOUVER, BC / ACCESS Newswire / June 13, 2025 / Metavista3D Inc. (TSXV:DDD)(FSE:E3T) ("Metavista3D" or the "Company") announces that, as a result of a continuous disclosure review by the British Columbia Securities Commission (the "BCSC"), the Company is issuing the following news release to provide clarity regarding its press releases of December 6, 2024, January 14, 2025, January 16, 2025, January 20, 2025, January 24, 2025, January 29, 2025, and February 18, 2025.

Automotive Industry and E-mirror System
On December 6, 2024, and January 29, 2025, the Company announced that it is engaging with automotive manufactures to provide innovative solutions for replacing traditional physical mirrors, on the basis that its patented technology solves the problem of "blind spots" when merging or changing lanes while driving, a leading cause of motor vehicle accidents.

The Company wishes to clarify that the National Highway Traffic Safety Administration (NHTSA) currently does not permit e-mirror systems under existing regulations, and the Company has not applied for, nor received, any approval, certification, or exemption from NHTSA for the use of its 3D e-mirror system in vehicles. The claim that the Company's patented technology eliminates physical mirror blind spots is based on research published in an academic paper authored by its Chief Technology Officer, and at this time has not been independently validated by third-party entities.

While the Company is optimistic about the potential application of its technology in the automotive sector, the e-mirror system is still under development. The Company has conducted internal tests to validate this application and has developed a demonstration unit, which was showcased at recent trade shows. The next key milestone in the technology's development is to secure a commercialization partner with industry-specific expertise to help bring the product to market and facilitate engagement with the TÜV (Technical Inspection Association) in Germany. The TÜV assessment process will involve rigorous testing so timing and outcome are uncertain. These results will help demonstrate the system's ability to meet established automotive safety standards, and form the basis for the application to the NHTSA, should such an application be warranted.