Leveraging META's patented NANOWEB® designs and Panasonic Industry's proprietary process technology to deliver on new automotive and consumer electronics applications
Today there is an emerging need for ultra-low sheet resistance and high optical performance, especially required for large area applications such as flexible solar cells, smart windows for next generation communications and transparent heaters for automotive applications. According to
"Our strategic collaboration with Panasonic Industry represents a pivotal moment for META. We have selected Panasonic Industry to mass produce our patented designs due to their outstanding process technology, coupled with their automotive-grade quality, which supports our common goal to expand the transparent conductive materials sector," stated George Palikaras, President and CEO of META. "This collaboration allows us to pool our collective know-how, setting new benchmarks for the industry."
Panasonic Industry's low resistance and high transmittance transparent conductive film has been mass-produced since 2018 in response to the demand for high performance and upsizing touch sensors. META has been successfully working with Panasonic Industry under a Master Services Agreement for several months, resulting in the successful qualification and production of several NANOWEB® proprietary designs for various applications.
Panasonic Industry's Director of Touch Solutions Business Unit
The collaboration between META and Panasonic Industry combines the design power of NANOWEB® metal mesh designs with Panasonic Industry's leading proprietary and scalable process technology in transparent conductive films. Together, they will offer cutting-edge alternatives that surpass industry standards and set new benchmarks.
Panasonic Industry and
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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 META, which may include, but are not limited to, statements or implications with respect to the business strategies, product development, expansion plans and operational activities of META.
This press release also includes forward-looking information or statements about Panasonic Industry. To the extent that information or statements in this press release do not relate to historical or current facts, they constitute forward-looking information or statements for Panasonic Industry.
Often but not always, forward-looking information or statements may 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 META and Panasonic Industry and are based on assumptions and subject to risks and uncertainties. Although the management of META and Panasonic Industry believe 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 META and Panasonic Industry, the capabilities of our facilities and the expansion thereof, research and development projects of META and Panasonic Industry, the total available market and market potential of the products of META and Panasonic Industry, the market position of META and Panasonic Industry, the need to raise more capital and the ability to do so, the scalability of META's and Panasonic Industry'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 META's businesses are described under the heading "Forward-Looking Information" and under the heading "Risk Factors" in META's 10-K filed with the
Although the META and Panasonic Industry have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information or 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 information or statements. No forward-looking information or statements can be guaranteed. Except as required by applicable securities laws, forward-looking information or statements speak only as of the date on which they are made and META and Panasonic Industry do not undertake any obligation to publicly update or revise any forward-looking information or statements, whether as a result of new information, future events, or otherwise, except to the extent required by law.
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