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Meta Materials Inc. (NASDAQ: MMAT) today announced an expanded organizational structure and product development model designed to support the company’s ambitions for innovation, growth and productivity as a supplier of advanced materials and of semiconductor solutions over the next decade. At the heart of this initiative, META also announced that Dr. John “Yiannis” Antoniades has joined the company as Executive Vice President, Head of Electro-Optical and Infrared (EO/IR) Engineering and Systems, based in a new US office in Maryland, scheduled to open in a few weeks.
Dr. Antoniades brings over 35 years of experience in developing advanced technology systems, hardware and software for a wide variety of applications, and has demonstrated leadership in the academic, government and private. As Head of Engineering, he will be responsible for building and leading a team to drive product engineering and META’s growing technology portfolio to integrate more vertically in the event of high-growth usage, 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, improve product scale execution, unlock significant potential in our R&D and drive value creation through operational efficiency,” said George Palikaras, Chairman and CEO of META. “Additionally, we are excited to open a new facility in the coming weeks, strategically located in Maryland, home to leading healthcare organizations, aerospace and defense companies, hundreds of research centers and dozens of federal agencies. With our growing portfolio of innovative solutions and five major proprietary technologies in-house, META is in a strong position to deliver robust sales and margin growth in the medium to long term.”
Dr. Antoniades’ experience includes intelligence and reconnaissance for civilian and tactical applications, thermonuclear fusion reactor design, pulsed energy, 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 market the world’s first gigapixel camera system originally developed for the US DoD.
From 2003 to 2015, Dr. Antoniades was a BAE Systems Fellow for ISR and Director of the ISR Technology Development Branch for tactical, spectral and real-time full-motion video imaging systems for dual-mode applications. use. Previously, he worked in imaging systems for five years as a director at APTI, which was acquired by BAE Systems. He was a section chief 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 lead our engineering team and transition to a more vertically integrated solutions company,” said Ken Rice, COO. and CFO at META. “Dr. Antoniades designed, developed and deployed state-of-the-art electro-optical, lidar and IR systems with unprecedented performance, which required highly customized image acquisition, electronics, systems integration, software and very high volume data processing, compression and compression. 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 formidable portfolio of emerging technologies for a wide range of high-value and disruptive applications. look forward to working closely with the team to accelerate growth, strengthen the product portfolio and increase productivity,” said Dr. Antoniades.
Dr. Antoniades has received numerous industry and national awards and honors for technology development and transfer for land, airborne and space applications, meritorious service to government and industry, and technology development and transition. He holds a doctorate. in Plasma and High Temperature Physics and a Master of Science in Physics from the University of Maryland College Park. He holds an MSc in Plasma and High Temperature Physics and a BSc in Physics from Rensselaer Polytechnic Institute. Dr. Antoniades is listed as an inventor in 7 patents and has more than 100 publications.
About Meta Materials Inc.
META® delivers previously unattainable performance, in a range of applications, by inventing, designing, developing and manufacturing durable and 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-optical technology provides anti-counterfeiting security features for government documents and currencies and authentication for brands. Our achievements have been widely recognized, including being named Lux Research Innovator of the Year in 2021. To learn more, visit www.metamaterial.com.
This press release contains 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, relating to the Company, which may include, but are not limited to, statements regarding business strategies, product development, expansion plans and activities operations of the Company. Often, but not always, forward-looking information can be identified by the use of words such as “pursuing”, “potential”, “predicted”, “projects”, “research”, “plans”, “expects”. , “intends”, “plans”, “believes” or variations (including negative variations) of these words and phrases, or statements that certain actions, events or results “could”, “might”, “should”, “would” or “will” be taken, occur or be carried out. These statements are based on the Company’s management’s current expectations and outlook of future events and are based on assumptions and subject to risks and uncertainties. Although the Company’s management 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 may differ materially due to known and unknown risk factors and uncertainties affecting the Company, the capabilities of our facilities and their expansion, research and development projects of the Company, the market potential of the Company’s products, the Company’s market position, the scalability of the Company’s production capacity, the ability to engage new customers, the timing of the selection programs of materials, the ability to reduce production costs, improve metamaterials manufacturing capabilities and expand market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new contracts customers, the ongoing commitment of our employees, the technology industry, strategic and operational market activities and the ability management to manage and operate the business. Further details of these and other risks that could affect the Company’s business 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 by Meta Materials with the SEC, which are available on the 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 the forward-looking statements, there may be other factors that cause the actions, events or results 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 undertakes no obligation to publicly update or revise any forward-looking statement, whether whether as a result of new information, future events, or otherwise, except to the extent required by law.
Vice President, Corporate Development and Communications
Meta Materials Inc.
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