Meta Materials Reaches 500 Patent Milestone and Expands Portfolio of Granted US Lithium Battery Patents
HALIFAX, NS / ACCESSWIRE / March 15, 2023 / Meta Materials Inc. (the “Company” or “META®”) (NASDAQ:MMAT, FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced an additional granted US patent directed to lithium batteries, using novel separators including but not limited to nanoporous ceramic NPORE® separators. META develops innovative materials to prevent battery fires, make batteries safer and more efficient, extend vehicle ranges and make battery supply chains more sustainable. META now has a total of 501 active patent documents, of which 315 patents have been issued.
This new patent, US Pat. No. 11,605,862, issued March 14, 2023, entitled Batteries Utilizing Anode Coatings Directly on Nanoporous Separators. It is aimed at lithium batteries where the anode or negative electrode comprises a dispersion or “wet” layer of anode materials. A second related patent from Meta Materials, US Serial No. 17/733,235, has received a Notice of Permission and will be issued shortly.
dr Steve Carlson, Executive Vice President, Advanced Materials and Battery Products at META, is the inventor. dr Carlson was named Inventor of the Year 2022 by the New York Intellectual Property Law Association (NYIPLA) for his inventions in the field of safer lithium batteries. This newly issued patent is his 54th US patent. META has a portfolio of more than 115 active patent documents worldwide related to lithium-ion battery technologies and battery and battery separator products.
“Battery fires are still a common problem in all applications, from mobile devices to e-bikes and electric vehicles. Both of our new products have features that help prevent thermal runaway,” said George Palikaras, President and CEO. “Due to the energy transition towards renewable grid sources and electric vehicles, the demand for copper is expected to increase dramatically. With solid copper foils accounting for approximately 10% of the weight of a typical battery cell, our NCORE™ product can significantly improve the efficiency and sustainability of batteries and electric vehicles.”
Next week, META will be presenting and exhibiting at the International Battery Seminar & Exhibit in Orlando, FL, March 20-23, 2023 at booth #917. META’s combined solution to improve battery safety and prevent thermal runaway at the cell level includes nanoporous NPORE® ceramic separators and NCORE™ metal-polymer current collectors. NPORE® separators are uniquely heat stable to prevent thermal runaway, with less than 1% shrinkage up to 220°C. NCORE™ eliminates up to 96% of copper or aluminum content, reduces battery weight by approximately 5%, frees up space for more activity material, and includes a fuse-like feature for increased safety.
“To protect our wide range of technology platforms, products and manufacturing technologies, META continues to expand its IP portfolio,” said Dr. Shann Kerner, META’s Chief Intellectual Property Officer. “We now have 501 active patent documents from 126 patent families, 68 of which contain at least one granted patent. This is an 86% increase compared to 269 active patent documents in 74 families a year ago.”
About Meta Materials Inc.
META® delivers unprecedented performance in a range of applications through the invention, design, development and manufacture of sustainable, high-performance, functional materials, components and systems. Our comprehensive 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-optical metamaterial technology provides anti-counterfeit security features for government documents and currency, and authentication for brands. Our achievements have been widely recognized, including being named Lux Research Innovator of the Year in 2021. Learn more at www.metamaterial.com.
Vice President, Corporate Development and Communications
Senior Vice President
E-mail: [email protected]
This press release contains forward-looking information or statements within the meaning of Canadian securities legislation 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, among other things, statements regarding the Company’s ability to continue to meet Nasdaq requirements to maintain a Nasdaq listing, the Company’s business strategies, product development, expansion plans and operations. Often, but not always, forward-looking information can be identified by the use of words such as “aim,” “potential,” “anticipate,” “project,” “aim,” “plan,” “expect,” “intend.” , “expects,” “believes,” or variations (including negative variations) of such words, phrases, or statements that certain actions, events, or results “may,” “could,” “should,” “would,” or “will.” taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the Company’s management and are based on assumptions and are subject to risks and uncertainties. Although the Company’s management believes the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this press release may not occur and may differ materially due to known and unknown risk factors and uncertainties affecting the Company, the capabilities of our facilities and their expansion, and the Company’s research and development projects, the overall available market and the market potential of the Company’s products, the Company’s market position, the need and ability to raise more capital, the scalability of the Company’s production capacity, the capacity for new customer engagements, material timeframes of selection programs, the ability to reduce production costs, enhance metamaterial manufacturing capabilities and expand market reach into new applications and verticals, ability to accelerate commercialization plans, opportunity for new customer contracts, conti engagement of our people, the technology industry, market strategy and operations, and management’s ability to lead and operate the business. Further details of these and other risks that may affect the Company’s business are described under the heading “Forward-Looking Information” and under the heading “Risk Factors” on the Company’s Form 10-K filed on March 1, 2022 at the The Company’s Form 10-Q filed with the SEC on November 9, 2022, and subsequent filings by Meta Materials with the SEC, which are available on the SEC’s website at www.sec.gov are available. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results to differ materially expected, estimated or deviate provided for. Accordingly, readers should not place undue reliance on any forward-looking statement 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 undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except in to the extent required by law.