Meta Supplies and PPG announce plans to develop electrochromic functions for ophthalmic optics within the prolonged actuality market

HALIFAX, N.S. / ACCESSWIRE / Might 31, 2022 / Meta Supplies Inc. (“META®”) (NASDAQ: MMAT)(FSE: MMAT), a developer of excessive efficiency purposeful supplies and nanocomposites, and PPG (NYSE: PPG) (along with META, the “Corporations”), a worldwide producer of specialty paints, coatings and supplies, right this moment introduced a Memorandum of Understanding (“MOU”) to develop new ophthalmic good gadgets primarily for prolonged actuality (XR) functions. The collaboration focuses on growing the dynamic dimming performance of META’s NANOWEB® clear conductive movie mixed with META’s PPG electrochromic gels and ARfusion™ platform.

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“PPG has a confirmed monitor report of pioneering options for the ophthalmic business and the prescription eyewear public for over 50 years,” mentioned George Palikaras, CEO of META. “PPG is a trusted provider, and we’re excited to develop our collaboration by including PPG’s high-performance chemical substances that completely complement our distinctive ARfusion™ platform and ship dynamic optics to our rising listing of consumers.”

PPG and META imagine that the XR market, which is an umbrella time period that covers Digital Actuality (VR), Augmented Actuality (AR) and Combined Actuality (MR) functions, can change into extra viable by way of a excessive index, multifunctional extra simply hardened. and light-weight good lenses. Using META’s proprietary ARfusion™ know-how with ultraviolet (UV) gentle for curing, the collaboration goals to optimize PPG’s electrochromic gel together with PPG’s UV-curable optical monomers to ship enhanced dynamic dimming performance for eyewear XR. These supplies are being mixed for the primary time and may result in cheaper and sustainable manufacturing, benefiting all factors within the provide chain, from producer to client.

“A serious problem for XR eyewear builders is overcoming high-brightness ambient lighting, corresponding to outdoor on a sunny day,” mentioned Jonathan Waldern, CTO of META. “Growing show energy in these settings dramatically decreases battery life. Dynamic dimming ought to present a extra readable show with extra environment friendly energy consumption.”

META’s ARfusion™ know-how combines UV precision solid lens manufacturing instruments with purposeful supplies to supply XR wearable machine builders with a single platform to seamlessly combine good applied sciences into skinny, light-weight lenses.

“META has the capabilities and assets to steer the event and integration of extremely purposeful supplies into good prescription lenses,” mentioned Ray Hudack, PPG senior advertising and marketing supervisor, Optical Supplies and Coatings. “PPG has in depth expertise and mental property associated to the event, formulation and software of electrochromic formulations. Collectively, we purpose to develop new methods to advance next-generation ophthalmic optics with new performance. By means of this initiative, we see a possibility to supply a superior answer for builders of AR/XR good glasses and different functions.”

The businesses will collectively take part in buyer demonstrations at AWE USA, June 1-3 on the Santa Clara Conference Middle in California (sales space 219).

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE: PPG), we work day by day to develop and ship the specialty paints, coatings and supplies our clients have trusted for almost 140 years. By means of our dedication and creativity, we clear up our clients’ greatest challenges, collaborating intently to search out the best path ahead. Headquartered in Pittsburgh, we function and innovate in additional than 75 nations and had web gross sales of $16.8 billion in 2021. We serve clients within the development, client merchandise, markets industrial and transportation and secondary markets. To study extra, go to www.ppg.com.

Meta Materials Inc., Monday, May 30, 2022, Image from press release

Meta Supplies Inc., Monday, Might 30, 2022, Picture from press launch

About Meta Supplies Inc.

META® delivers beforehand unattainable efficiency, in a spread of functions, by inventing, designing, growing and manufacturing sturdy and extremely purposeful supplies. Our in depth know-how platform permits main world manufacturers to ship breakthrough merchandise to their clients in client electronics, 5G communications, well being and wellness, aerospace, automotive and clear vitality. Our nano-optical know-how supplies anti-counterfeiting security measures for presidency paperwork and currencies and authentication for manufacturers. Our achievements have been widely known, together with being named Lux ​​Analysis Innovator of the Yr in 2021. To study extra, go to www.metamaterial.com.

Ahead-looking data

This press launch accommodates forward-looking data or statements inside the that means of Canadian securities legal guidelines and inside the that means of Part 27A of the Securities Act of 1933, as amended, Part 21E of the Securities Alternate Act of 1934, as amended, and the Non-public Securities Litigation Reform Act of 1995, regarding the Corporations, which can embrace, however are usually not restricted to, statements relating to enterprise methods, product improvement, growth plans and actions operations of every firm. Typically, however not at all times, forward-looking data could be recognized by means of phrases corresponding to “pursuing”, “potential”, “predicted”, “initiatives”, “analysis”, “plans”, “expects”. , “intends”, “plans”, “believes” or variations (together with adverse variations) of those phrases and phrases, or statements that sure actions, occasions or outcomes “may”, “may”, “ought to”, “would” or “will” be taken, happen or be carried out. These statements are primarily based on every firm’s administration’s present expectations and outlook of future occasions and are primarily based on assumptions and topic to dangers and uncertainties. Though the administration of every firm believes that the assumptions underlying these statements are cheap, they might show to be incorrect. The forward-looking occasions and circumstances described on this launch could not happen and will differ materially because of recognized and unknown threat components and uncertainties affecting the businesses, the capabilities of every firm’s services and their growth, plans for analysis and improvement of every firm, the market potential of every firm’s merchandise, the market place of every firm, the scalability of every firm’s manufacturing capability, the flexibility to interact new clients, the lead occasions of fabric choice packages, the flexibility to scale back manufacturing prices, enhance metamaterial manufacturing capabilities and develop market attain into new functions and industries, the flexibility to speed up commercialization plans, the potential for new buyer contracts, the continued engagement of every firm’s staff, the know-how business, the actions market methods and operations, and the flexibility of every firm’s administration to handle and function its enterprise. Extra particulars about these and different dangers are mentioned in META’s and PPG’s periodic studies on Kind 10-Okay and Kind 10-Q filed with the Securities and Alternate Fee, together with, particularly, the sections titled ” Threat Components” within the annual studies of META and PPG. Experiences on Kind 10-Okay for the fiscal 12 months ended December 31, 2021 and subsequent quarterly studies on Kind 10-Q, which can be found on the SEC’s web site at www.sec.gov. Though the Corporations have tried to establish vital components that would trigger precise actions, occasions or outcomes to vary materially from these described within the forward-looking statements, there could also be different components that trigger the actions, occasions or outcomes differ from these anticipated, estimated or anticipated. Accordingly, readers mustn’t place undue reliance on any forward-looking statements or data. No forward-looking assertion could be assured. Besides as required by relevant securities legal guidelines, forward-looking statements communicate solely as of the date on which they’re made and the Corporations undertake no obligation to publicly replace or revise any forward-looking assertion, whether or not whether or not on account of new data, future occasions, or in any other case, besides to the extent required by legislation.

We shield and beautify the world is a model and the P.P.G. emblem is a registered trademark of PPG Industries Ohio, Inc.

ARfusion, NANOWEB and META are registered emblems of Meta Supplies.

Media inquiries

Rob Stone
Vice President, Company Improvement and Communications
Meta Supplies Inc.
media@metamaterial.com

Brande Juart
Senior Communications Affiliate
GPP
juart@ppg.com

Contact Investor

Mark Komonoski
Senior Vice President
Integral Communications
Cellphone: 1-877-255-8483
Electronic mail: ir@metamaterial.com

THE SOURCE: Meta Supplies Inc.

See the supply model on accesswire.com:
https://www.accesswire.com/703281/Meta-Materials-and-PPG-Announce-Plans-to-Develop-Electrochromic-Applications-for-Ophthalmic-Optics-in-the-Extended-Reality-Market

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