QUANTUM™ stripe is a revolutionary new product based on META's award-winning KolourOptik® technology
HALIFAX, NS / ACCESSWIRE / September 12, 2023 / Meta Materials Inc. (the "Company" or "META") (NASDAQ:MMAT), a global leader in advanced materials and nanotechnology, today announced the production qualification and launch of QUANTUM™ stripe, a revolutionary banknote security product based on its award-winning KolourOptik® technology. QUANTUM™ stripe is the first product to deliver an unparalleled combination of movement, 3D stereoscopic depth, and multicolour effects in an ultrathin form factor, providing next generation security and an engaging authentication experience.
"QUANTUM™ stripe represents a significant milestone in banknote security, offering a unique combination of visual cues that are easy to authenticate but extremely challenging to replicate," said Alan Newman, Chief Product Officer for Authentication at META. "This groundbreaking technology has the potential to raise the bar in the fight against counterfeiting, enabling governments and central banks to enhance currency security while delivering an engaging and intuitive validation experience."
QUANTUM™ stripe leverages META's expertise in nanotechnology and metamaterials. Its customizable effects are intended to help central banks and governments protect the public from currency counterfeiters and counterfeit-related economic losses. Limitless in design, the QUANTUM™ stripe is readily integrated into banknotes with industry-standard processes and equipment, providing a captivating and intuitive experience that is both easy to authenticate and difficult to replicate.
"META® nano-optic technology is at the forefront of innovation for the banknote industry," said Clint Landrock, Vice President, Technology and Innovation at META. "QUANTUM™ stripe is the world's first fully nano-optic banknote security product and it will usher in a new era of security for the banknote industry. This is the first release from a portfolio of products, with which we intend to bring nano-optic technology to the banknote, ID and brand markets."
META completed the production qualification of QUANTUM™ stripe, demonstrating its industrial application and exceptional durability. The company has conducted industry standard tests including chemical resistance, crumpling, and abrasion performance tests, independently validated by third party labs, Ugra and UnderCurrency. META is now ready to accept orders from industry partners and customers interested in implementing this revolutionary banknote security solution.
"Landqart has a long history of working with META, and we were very pleased to work with them on this project to demonstrate the industrial application of QUANTUM™ stripe. The results of the application work, and the corresponding durability tests, were very positive, and we look forward to seeing the product in the market circulating on notes very soon," said Richard Perera, Director of Marketing Services at Landqart AG.
In 2021, META acquired Nanotech Security Corp., a leader in the development of secure and visually memorable nano-optic security features, with delivery of over 7 billion security features to customers around the world. QUANTUM™ stripe is manufactured using clean, renewable hydroelectric energy within META's high-security production facility, ensuring sustainability and environmental responsibility.
According to a Banknote Industry News survey of central banks, conducted earlier this year, the volume of banknotes in circulation in 2022 grew by 4.5% on a global basis compared with 2021, and 10 countries reported growth above 8%. Asked which topics the banknote industry should be working on, Central Banks mentioned sustainability and recycling of banknote wastage as the number one priority, while features and durability were tied for number two. META's KolourOptik® technology for nano-optic security features offers a solution addressing each of these priorities.
To request sample materials or schedule a custom design workshop, please contact email@example.com
For more information about QUANTUM™ stripe and META's banknote security solutions, please visit: https://metamaterial.com/banknote/products/quantum-stripe-banknote-security/
About Meta Materials Inc.
Meta Materials Inc. (META) is an advanced materials and nanotechnology company. We develop new products and technologies using innovative sustainable science. Advanced materials can improve everyday products that surround us, making them smarter and more sustainable. META® technology platforms enable global brands to develop new products to improve performance for customers in aerospace and defense, consumer electronics, 5G communications, batteries, authentication, automotive and clean energy. Learn more at www.metamaterial.com.
Vice President, Corporate Development and Communications
Meta Materials Inc.
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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, which may include, but are not limited to, statements with respect to the future potential of QUANTUM™ Stripe in the banknote security market, the business strategies, product development, expansion plans and operational activities of the Company. Often but not always, forward-looking information can be identified by the use of words such as "pursuing", "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, the capabilities of our facilities and the expansion thereof, research and development projects of the Company, the total available market and market potential of the products of the Company, the market position of the Company, the need to raise more capital and the ability to do so, 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 our employees, 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 Information" and under the heading "Risk Factors" in the Company's Form 10-K filed with the SEC on March 23, 2023, in the Company's Form 10-K/A filed with the SEC on March 24, 2023, in the Company's Form 10-Q filed with the SEC on August 9, 2023, 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.
SOURCE: Meta Materials Inc.
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