Meta Materials Inks Joint Development Agreement With An Undisclosed OEM Customer

  • Meta Materials Inc. 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.
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