Meta Materials Inc.

HALIFAX, NS / ACCESSWIRE / July 30, 2021 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT) a developer of high-performance functional materials and nanocomposites, today announced that Dr. Hai Sun has joined the Company as Director of Lithography Manufacturing and Operations. Dr. Sun brings more than 20 years of nanofabrication engineering and leadership experience. He will lead the lithography manufacturing team responsible for developing and sustaining the line processes for lithography across multiple products and technology platforms. Dr. Sun joins META from HRL Laboratories, where he was process integration section leader.

"We are fortunate to have someone of Dr. Sun's caliber join the META team," said Jonathan Waldern, Chief Technology Officer of META. "He brings extensive leadership experience as a process engineering director and manager in both manufacturing and R&D, and his many patents and publications highlight his creativity and insight."

"Lithography has been central to my career, and it is one of META's core technologies," said Dr. Sun. "I am excited to be part of the effort as we scale our processes and capacity to address a wide range of high-growth applications."

Previously, Dr. Sun spent 19 years at Western Digital, first as a lithography R&D engineer, lithography R&D manager, and then Engineering Director leading both lithography R&D and HVM manufacturing. He made significant contributions to lithography process technology and led the lithography technology development and deployment for many generations of Western Digital products over the years.

Dr. Sun holds a Ph.D. in chemistry from Boston University, and conducted photochemistry research as a Postdoctoral Fellow at Lawrence Berkeley National Lab. He is the inventor of 39 granted patents to date mostly in nanofabrication technologies and he has authored 24 scientific publications.

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 achievements have been widely recognized, including being named a Global Cleantech 100 company. Learn more at www.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 and its business, which may include, but are not limited to, statements with respect to the business strategies, product development and operational activities of the Company. 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" 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, including risks related to the management and potential divestiture of the assets in the Company's oil and gas business, the potential benefits of the Company being publicly listed on the Nasdaq Capital Market, the potential benefits of the transaction with Torchlight Energy Resources Inc. to the Company's stockholders, the research and development projects of the Company, the market potential of the Company's products, the investment priorities and manufacturing plans of the Company, the scalability of the Company's production ability, 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 "Risk Factors" in the Company's Form 8-K filed with the SEC on July 2, 2021, in the Company's Form 10-Q filed with the SEC on May 14, 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.

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Contact

Mark Komonoski
Senior Vice President
Integrous Communications
Phone: 1-877-255-8483
Email: ir@metamaterial.com

Media inquiries:

media@metamaterial.com

SOURCE: Meta Materials Inc.

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