Showcasing ARfusion™ Lens Casting and Advanced Highly Functional Materials Solutions for AR
HALIFAX, NS / ACCESSWIRE / November 3, 2021 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today announced that it will be exhibiting and presenting at AWE USA 2021, November 9-11, in Santa Clara, CA. META will demonstrate a range of applications which may be embedded into functional ophthalmic lenses using the ARfusion™ automated lens casting system (ALCS). META will also deliver two presentations on November 10th: R2R Electro-Magnetic and Holographic Films for AR Applications, with Dr. Andrew Mark and Dr. Ragip Paia, and Integrating Application Specific Functional Films into AR Prescription Lenses, with Dr. Jonathan Waldern.
"We are excited to showcase a range of practical applications that may be embedded into prescription lenses for AR eyewear," said George Palikaras, President and CEO. "In collaboration with Covestro, we are able to offer, in a one-stop-shop, highly functional advanced materials and proprietary equipment for high-volume production."
META is at the forefront of applying metamaterial technology to head mounted displays (HMD). We have developed Volume Holographic Grating (VHG) combiners and pupil replicating Waveguides. ARfusion™ is able to incorporate either into a highly functional AR lens. Photo-sensitive holographic film materials, the building block of META's holographic products, are secured via a multi-year supply deal with Covestro. HMDs have tremendous proven business impact from cost savings and productivity, to improved customer service and streamlined workflows. Users are able to collaborate with remote experts to perform inspections, share live visuals, talk and view feedback onscreen, while freeing-up their hands for work.
"The strength of our strategic collaboration builds on the versatility in combining Bayfol® HX photopolymer with META's ARfusion™ lens casting technology. Jointly we have the ability to enable different designs, ranging from thin carriers for waveguides with glass-like performance to prescription lenses with integrated volume holograms," stated Moritz Winterstein, Head of Growth Ventures Specialty Films at Covestro.
META's one-stop-shop approach to advanced optical components, in concert with Bayfol® HX from Covestro, offers a number of benefits to OEMs. A large range of material thicknesses and formats enables a large variety of optical designs. Roll-to-roll deposition and patterning techniques, in combination with state-of-the-art plastic processing, allow for high-volume, cost-effective production. The complete value chain is covered, from optical designs and materials selection to mass production and integration.
Wednesday, November 10th, 11AM - 5:30PM
Thursday November 11th, 10AM - 3:00PM
R2R Electro-Magnetic and Holographic Films for AR Applications
Andrew Mark, Director Photonics and Ragip Paia, Director Metamaterials Research and Innovation
Wednesday, November 10th, 10:00AM - 10:25AM, Grand Ballroom H - XR Enablement
Integrating Application Specific Functional Films into AR Prescription Lenses
Jonathan Waldern, Chief Technology Officer
Wednesday, November 10th, 2:15PM - 2:40PM, Mission City Ballroom - Main Stage
ARfusion™ lens fabrication involves a low strain thermoforming of functionalized films, such as a Covestro VHG optical combiner film, where the combiner film can have precise alignment by virtue of its direct and seamless casting into prescription lenses at the time of fabrication. The lens does not require high temperature processing, in contrast to traditional plastic lens injection molding, but rather it is controlled by UV polymerization at low temperature (< 100° C). For sensitive films like these with precise holographic patterns, monomer optimization and adjustments result in superior reliability of the final device. Unlike conventional injection molded acrylic optics, this process also results in no birefringence in the bulk of lens material, which can be critical for a high quality AR waveguide display, especially laser illuminated displays, such as HoloLens2. High adhesion of film materials within the refractive cast lens, including diffractive functional cast metasurfaces, combine to balance dispersion, which again is a key challenge for AR eyeglass designers needing good color uniformity.
About Meta Materials Inc.
META® delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Our extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Our nano-optic technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Our achievements have been widely recognized, including being named a Lux Research Innovator of the Year in 2021. Learn more at www.metamaterial.com.
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 business strategies, product development, expansion plans and operational activities of the Company, and the benefits of nanotechnology to the Company's partners and within the industries in which they operate. Often but not always, forward-looking information can be identified by the use of words such as "potential," "predicts," "projects," "seeks," "plans," "expect", "intends", "anticipated", "believes", "developing", "focused", "extending", "position" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "should," "can", "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, including risks related to the potential benefits of the transaction with Nanotech, the capabilities of Nanotech's facility and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company and Nanotech, the market position of the Company, 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 Nanotech's team, 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 Statement" in the Company's Form 8-K filed with the SEC on August 10, 2021, and under the heading "Risk Factors" in the Company's Form 10-Q filed with the SEC on August 13, 2021, in the Company's Form 10-K filed with the SEC on March 18, 2021, and in subsequent filings made by Meta Materials with the SEC, which are available on SEC's website at www.sec.gov. 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.
Senior Vice President
Vice President, Corporate Development and Communications
Meta Materials Inc.
SOURCE: Meta Materials Inc.
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