RCS - Meta Materials Inc - Meta Materials Signs Alan Newman

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05/07/2023 13:45

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RNS Number : 0366F  Meta Materials Inc  05 July 2023

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."

This appointment heralds a new chapter for META as it reinforces its
commitment to cutting-edge innovation and solidifies its commercialization
effort to be at the forefront of the advanced materials and nanotechnology
landscape.

About Meta Materials Inc.

Meta Materials Inc. (META®) is an advanced materials and nanotechnology
company. We develop new products and technologies using innovative sustainable
science. Advanced materials can improve everyday products that surround us,
making them smarter and more sustainable. META's technology platforms enable
global brands to develop new products to improve performance for customers in
aerospace and defense, consumer electronics, 5G communications, batteries,
authentication, automotive and clean energy. Learn more at
www.metamaterial.com.

Media Inquiries

Rob Stone

Vice President, Corporate Development and Communications

Meta Materials Inc.
media@metamaterial.com (mailto:media@metamaterial.com)

Investor Contact

Mark Komonoski

Senior Vice President Integrous Communications

Phone: 1-877-255-8483

Email: ir@metamaterial.com (mailto:ir@metamaterial.com)

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 prospects of the Company's authentication
business resulting from the appointment of Mr. Newman to successfully pursue
and obtain a beneficial resolution of any purported naked short selling of its
common stock. 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 23, 2023, in
the Company's Form 10-K/A filed with the SEC on March 24, 2023, in the
Company's Form 10-Q filed with the SEC on May 12, 2023, and in subsequent
filings made by Meta Materials with the SEC, which are available on SEC's
website at www.sec.gov (https://pr.report/GploCq3n) . 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.

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