META Appoints New EVP and Expands Organizational Structure to Accelerate Growth, Strengthen Pipeline, and Increase Productivity

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New function led by Dr. John "Yiannis" Antoniades, EVP of Engineering and EO/IR Systems

HALIFAX, NS / ACCESSWIRE / April 6, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT) (FSE:MMAT) a developer of high-performance functional materials and nanocomposites, announced today an expanded organizational structure and product development model designed to support the Company's innovation, growth, and productivity ambitions as a focused advanced materials and semiconductor solutions provider in the coming decade. Central to this initiative, META also announced that Dr. John "Yiannis" Antoniades has joined the Company as Executive Vice President, Head of Engineering and Electro-Optical & Infrared Systems (EO/IR), based in a new U.S. office in Maryland, which is planned to open in a few weeks.

Dr. Antoniades brings over 35 years of experience in the system, hardware, and software development of advanced technology systems for a wide variety of applications, and he has demonstrated leadership in the academic, government and private sectors. As Head of Engineering, he will be responsible for building and leading a team to drive product engineering and META's growing portfolio of technologies to become more vertically integrated in high growth use cases, such as smart cities, 5G, automotive and metaverse applications.

"The expanded organizational structure we are announcing today is central to our growth strategy as it will make us more agile and competitive, enhance product scale up execution, unlock significant potential in our R&D pipeline and drive value creation through operational efficiencies," George Palikaras, President and CEO of META. "Furthermore, we are excited to open a new facility in the coming weeks, strategically located in Maryland, home to leading health care organizations, top aerospace & defense companies, hundreds of research centers, and dozens of federal agencies. With our growing portfolio of innovative solutions and five major in-house proprietary technologies, META is in a strong position to deliver robust, mid- and long-term sales and margin growth."

Dr. Antoniades' experience includes intelligence and reconnaissance for civil and tactical applications, thermonuclear fusion reactor design, pulsed power, directed energy and sensor systems for space, hyperspectral sensors for airborne, ground and space platforms, as well as electro-optical, metamaterial and electromagnetic systems for laboratory and field use. He joins META from Vlepsis, Inc., a company he founded in 2017 to commercialize the world's first gigapixel camera system developed initially for the US DoD.

From 2003 to 2015, Dr. Antoniades served as the BAE Systems Fellow for ISR and as the Director of ISR Technology Development Directorate for tactical, spectral, and real-time, full motion, video imaging systems for dual use applications. Previously, he worked on imaging systems for five years as a director with APTI, which was acquired by BAE Systems. He was a section head for seven years at the Naval Research Laboratory, working on plasma physics, remote sensing, and hyperspectral imaging systems.

"We are fortunate to attract someone of Dr. Antoniades' caliber and depth of experience to head our engineering team and transition to a more vertically integrated solutions company," said Ken Rice, COO and CFO at META. "Dr. Antoniades has designed, developed, and deployed cutting edge electro-optical, lidar, and IR systems delivering unprecedented performance, which required highly customized image acquisition, electronics, system integration, software, and very high-volume data processing, compression and storage. He is a true pioneer of multiple products and technologies and is recognized as the father of hyperspectral imaging."

"I am extremely excited to join META, a company whose vision is to democratize nanotechnology, and which has such a tremendous emerging technology portfolio for a wide range of high value and disruptive applications. I look forward to working closely with the team to accelerate growth, strengthen the product pipeline, and increase productivity," said Dr. Antoniades.

Dr. Antoniades has received numerous industry and national awards and distinctions for technology development and transfer for ground, airborne and spaceborne applications, government and industry meritorious service and technology development and transition. He holds a Ph.D. in Plasma and High-Temperature Physics and a Master of Science in Physics from the University of Maryland College Park. He holds a Master of Science in Plasma and High-Temperature Physics and a Bachelor of Science in Physics from Rensselaer Polytechnic Institute. Dr. Antoniades is listed as an inventor in 7 patents and has over 100 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 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.

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 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 market potential of the products of the Company , 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 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 1, 2022, with an SEC filing date of March 2, in the Company's Form 10-Q filed with the SEC on November 15, 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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Media Inquiries

Rob Stone
Vice President, Corporate Development and Communications
Meta Materials Inc.
media@metamaterial.com

Investor Contact

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

SOURCE: Meta Materials Inc.



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