Meta Materials Inks Joint Development Agreement With An Undisclosed OEM Customer

Meta Materials Inc. (NASDAQ:MMAT) has signed a joint development agreement for NPORE battery separator materials with a confidential global Top 10 battery OEM.
NPORE is a free standing, flexible separator 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.
"We see strong interest in our solution for safer, more efficient and sustainable batteries, and we look forward to this global partnership," commented George Palikaras, President and CEO.
Additionally, MMAT is developing NCORE current collectors, for increased safety, efficiency, and sustainability. It is commercializing NCORE in partnership with DuPont Teijin Films and Mitsubishi Electric Europe.
Price Action: MMAT shares are trading higher by 6.5% at $0.53 in premarket on the last check Monday.