Meta Materials Inc. (NASDAQ: MMAT) (FSE: MMAT) Strengthens P...| MENAFN.COM

Sunday, 03 July 2022 01:51 GMT

Meta Materials Inc. (NASDAQ: MMAT) (FSE: MMAT) Strengthens Portfolio Of Battery Materials With Strategic Acquisition Of Optodot Corporation

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  • Meta Materials, an inventor, designer, developer, and manufacturer of sustainable, highly functional materials, recently entered into a definitive agreement to acquire substantially all the assets and intellectual property of Optodot Corporation
  • The acquisition will expand Meta's proprietary portfolio of battery materials with Optodot's NPORE(R) separators that enhance thermal stability – and therefore battery safety – and electrochemical performance
  • Lithium-ion batteries power all-electric vehicles but are linked to many problems, including but not limited to overheating and flammability, short life spans, and underperformance, and Optodot's technology addresses these problems

Meta Materials (NASDAQ: MMAT) (FSE: MMAT) , a global company that invents, designs, develops, and manufactures sustainable, highly functional materials that enable leading brands to deliver breakthrough products to their customers in consumer electronics, automotive, clean energy, aerospace, health and wellness, and 5G communications, recently expanded its capacity for innovation and product development even further with a strategic acquisition that targets the global lithium-ion battery separators market projected to reach $9.0 billion in 2025, which is up from $5.1 billion in 2021.

Captured in a definitive agreement between itself and Optodot Corporation (“Optodot”), the acquisition will see Meta Materials purchase substantially all of the assets and intellectual property, including 67 issued and 22 pending patents. Under the terms of the agreement, Meta Materials will pay a total…

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For more information, visit the company's website at  .

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