Changing the pattern allows signals to be guided at unusual, design-specific angles. It is perfectly transparent, yet the invisible metal mesh structures reflect radio waves as efficiently as a solid metal plate. These newly filed applications are directed to designs (3), devices and components (11), fabrication and origination (1), and scaled manufacturing (4).Ī perfect example of the promise of metamaterials - to help our customers produce products that do more with less, using sustainable materials and consuming less energy - is our NANOWEB ® 5G Reflector, for which META was named a Lux Research Innovator of the Yearin 2021. Since the Q3 report, seven patents have issued, and 19 new applications were filed in the US, Canada, Europe, China, and Hong Kong. META's portfolio comprises 74 patent families, of which 47 include at least one granted patent. In the U.S., we have 37 issued patents and 26 pending applications, and in 24 other countries around the world, we have 126 issued patents and 80 pending applications. INTELLECTUAL PROPERTY: META currently has 269 active utility and design patent documents, of which 163 patents have issued. for a new R&D facility planning for renovations is underway. In Athens, Greece, we have leased ~15,500 sq. ft., and we recently installed our first RML ® (rolling mask lithography) NANOWEB ® pilot scale, 300mm, roll-to-roll line. In Pleasanton, California, we have expanded operations by nearlyĤx, to 19,500 sq. In Thurso, Quebec, we are preparing to double production capacity, expanding from the current 35,000 sq. headquarters, which is expected to be operational in H1:2022. In Dartmouth, Nova Scotia, we are completing the required renovations to our new 68,000 sq. Please visit the Investors section of our websitefor our complete financial statements and MD&A.įACILITIES EXPANSION: META is scaling metamaterials application development and production capabilities across all our locations, building out roll-to-roll capabilities like the way newspapers are printed. We continue to actively explore and evaluate strategic, organic, and inorganic growth opportunities to broaden our platform, focusing on complementary technologies, expanding the customer base, adding manufacturing capacity, building supplier relationships, and opening new markets. We have no debt, except for $3.2MM in various interest free loans from ACOA (Atlantic Canada Opportunities Agency). At the end of 2021, cash and cash equivalents totaled $50.3MM, including $0.8MM restricted cash and $2.8MM in short-term investments. META is currently pursuing multi-year,multi-million- dollar contracts with several OEMs. We expect development programs, including the contract with a confidential G10 central bank, to account for most of our revenue over the next 12 months. accelerated our manufacturing scale up with facilities, equipment, and a highly experienced workforce, opened new verticals in nano-optic security, and strengthened our IP.įINANCIAL RESULTS: META is an early growth stage, platform company, moving toward volume production for applications in multiple end markets. The acquisition of Nanotech Security Corp.Via the RTO of Torchlight Energy Resources, we gained access to the NASDAQ, enhancing our ability to raise capital and attract world-class talent.We acquired the assets and IP of Swiss lens manufacturer, Interglass, forming the foundation of our ARfusion ™ platform technology for smart augmented reality eyewear with prescription lenses.In 2021 our company was transformed, via three acquisitions and significant capital raising, we have expanded our capabilities, intellectual property, facilities, and the size of our multinational team of subject matter experts. We are poised to bring nanostructured "intelligence" to surfaces, enabling applications that "go beyond" what was previously possible, delivering sustainable performance across a wide range of applications and end markets. Now, we are pioneering the production of metamaterials at commercial scale. When I founded META In 2011, I had a vision for how a new class of materials, called metamaterials, might be used to improve human life. I am delighted to share with you our first annual report since we became the first NASDAQ-listed
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