CSE:MMAT JUNE2021 - Sea Purity Investments
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CSE:MMAT JUNE 2021
Forward Looking Statements
This Presentation includes forward-looking information within the ability of the parties to close the proposed transaction with Torchlight
meaning of Canadian securities laws and within the meaning of Energy Resources Inc., approval of the transaction and continued
Section 21E of the Securities Exchange Act of 1934, as amended, listing by the NASDAQ exchange, approval of the Canadian Securities
regarding Metamaterial and its business, which may include, but are Exchange, required third party and regulatory consents, the potential
not limited to, statements with respect to the terms and anticipated benefits of the transaction to Metamaterial shareholders, risks related
timing of the proposed transaction with Torchlight Energy Resources to the research and development projects of the Company, risks
Inc., the potential continued listing of Torchlight on the NASDAQ related to the market potential of the Company’s products, risks related
exchange and the benefits thereof, the approval of the Transaction by to the investment priorities and manufacturing plans of the Company,
the shareholders of Torchlight, the business strategies, product risks related to the scalability of the Company’s production ability,
development and operational activities of Metamaterial. Often but not risks related to the technology industry, market strategic and
always, forward-looking information can be identified by the use of operational activities, and management’s ability to manage and to
words such as “expect”, “intends”, “anticipated”, “believes” or variations operate the business. Although Metamaterial has attempted to identify
(including negative variations) of such words and phrases, or state that important factors that could cause actual actions, events or results to
certain actions, events or results “may”, “could”, “would” or “will” be differ materially from those described in forward-looking statements,
taken, occur or be achieved. Such statements are based on the there may be other factors that cause actions, events or results to
current expectations and views of future events of the management of differ from those anticipated, estimated or intended. Accordingly,
Metamaterial and are based on assumptions and subject to risks and readers should not place undue reliance on any forward-looking
uncertainties. Although the management of Metamaterial believes that statements or information. No forward-looking statement can be
the assumptions underlying these statements are reasonable, they guaranteed. Except as required by applicable securities laws, forward-
may prove to be incorrect. The forward-looking events and looking statements speak only as of the date on which they are made
circumstances discussed in this release may not occur and could differ and Metamaterial does not undertake any obligation to publicly update
materially as a result of known and unknown risk factors and or revise any forward looking statement, whether as a result of new
uncertainties affecting the companies, including risks regarding the information, future events, or otherwise.
2
Solutions for everyday life
META delivers breakthrough performance,
across a range of applications and industries,
by designing, developing and manufacturing
sustainable, highly-functional materials.
3
The Birth of the Digital Age
Almost every great advancement in technology
can be attributed to a breakthrough in material science:
stone age => bronze age => iron age => => => silicon age
Electronics THEN...
Electronics NOW...
In 1956, the Nobel Prize in Physics was awarded jointly to Shockley, Bardeen and Brattain
for their development of the transistor, driven by the discovery of semiconducting
materials and the means to manipulate their properties
4
Enabling the 21st Century “Age of Invisible Materials”
Échelette DOE Blazed binary grating Geometric Phase Mie resonators High performance Light field Concept of META META
(1970’s) (1998) (2001) (2014) (2016) (2019) Invisibility (2020) (2020)
Laboratory Scale Production Scale
What are Metamaterials? The META Advantage
▪ Metamaterials control on demand unique functional ▪ SPEED - META uses AI software to design a library of
properties in absorption, emission, sensing, transmission, patterns for different applications, it typically develops
and guiding of light, sound, energy, and heat, as well as new custom solutions within hours vs months
friction, strength, and electric energy ▪ SCALE - META is one of the first companies to develop
▪ Metamaterials are typically created by patterning proprietary roll-to-roll production equipment to
composite and nanomaterials (e.g. metals, dielectrics etc.) produce large area, high volume nanocomposites
▪ Until recently, development has taken place only at the ▪ COST - Increasing the roll-to-roll web width and line
laboratory scale on very small substrates speed should drive costs down to a few $/m2
5
Market Opportunity Driven by Several Megatrends
▪ 5G Infrastructure:
rollout requires new materials for
Metamaterials Market Forecast
transparent antennas and reflectors US$ Millions (Source: LUX Research)
▪ Vehicle Electrification: $12,000
seismic shift toward EV, ADAS (advanced driver $10,000
assistance systems) and autonomous vehicles $8,000
▪ Combined >$3T in Other Verticals: $6,000
Advanced Materials, IoT, Medical, Energy, $4,000
Aerospace and Automotive markets $2,000
▪ Scarcity, Control of Raw Materials: $0
supply of rare earths and materials such as ITO
(Indium Tin Oxide) highly concentrated in Asia Communications Sensing Vibration damping Other
▪ Metamaterial Device Market:
expected to grow to $10.7B SAM by 2030
Source: Lux Research, n-tech Research, BCC Research, Deloitte, internal META estimate
6
Transparent Passive 5G Reflector
Transparent Window Film Transforms Outdoor 5G Coverage
PROBLEM:
Highest-speed 5G signals need
line of sight, requiring placement
of many small cells
SOLUTION:
META’s passive transparent
window film reflects signal to Transparent
cover dead zones Window Film
MEGA TREND:
Carriers are spending $ Billions
on Infrastructure
7
NANOWEB®: Transparent Sensors and 5G Antennas
META Transparent 5G Antenna
COMPETITIVE ADVANTAGES
▪ META’s lithography capability enables fabrication of sensors &
antennas completely invisible to the human eye
▪ META’s touch sensors and transparent
5G antennas can be integrated into smartphone displays, on
windows of vehicles or buildings and home appliances
▪ NANOWEB® is flexible - unlike the incumbent ITO (Indium Tin
Oxide) technology – enabling sensors on foldable phones
▪ META’s antennas can operate from low to high frequencies (3G,
5G/6G and beyond) and provide communication systems for
conventional, EV and autonomous vehicles
8
LIDAR Protection: De-Ice/De-Fog + EMI Shielding
Nano-Heater to Protect Sensors Transparent to RADAR and LIDAR Simultaneously
PROBLEM:
ADAS and Autonomous vehicles
depend on an array of cameras and
sensors to “see” and understand
their surroundings
SOLUTION:
META NANOWEB® transparent
conductive film provides deicing
and defogging without blocking
the camera/sensor functions
9
ARfusion™ Integrates AR with Prescription Lenses
• ARfusion™ integrates optical elements for AR
(augmented reality) combined with lens casting
technology developed by Interglass Technology AG
• META acquired assets & IP of Swiss lens manufacturer
Interglass, 35 patents, trademarks and trade secrets,
proprietary software and designs
• High volume fully automated lens casting,
workstations, tools, test equipment, and technical data
• Proprietary specialty materials/foils supply
in cooperation with Covestro AG
• Just-in-time production of prescription lenses and
embedded elements such as optical combiners,
waveguides, and eye tracking sensors $1.5B
• Highly Sustainable Process: Augmented
• Less energy (10 sec vs 50 hours curing time) Reality Eyewear
• Zero water usage
Market
• Less material usage Source: BCC Research
10Medical Applications: Mid- to Long-Term (2-7yrs) Potential
Functional metamaterials for Health and Wellness market – Licensing/Project Financing opportunities
Image Enhancement Sensor enhancement
MRI Medical Imaging Early-Stage Breast Cancer Non-Invasive Glucometer Molecular Biosensor
MRI Imaging with Screening Dual Sensor mm-wave technology with Daily use Bio-photonic sensor with
metamaterial film metamaterial film (www.gluco-wise.com) sensitivity and performance enhanced
Radio-wave Imaging for breast using nanomaterial to meet
screening with metamaterial film rising demand for point of care testing.
MARKET POTENTIAL* MARKET POTENTIAL* MARKET POTENTIAL* MARKET POTENTIAL*
$2.0+B $4.0+B $15.0+B $10.0+B
*Source: Internal META estimates 11Solving Global Challenges Together With
OEM Partners And Customers
Select Targeted Co-Development Partners and Customers in
Automotive, Medical, Aerospace & Defense, Consumer Electronics and Energy
12
12Advanced Materials Competitive Landscape
Existing META relationships
Source: LUX Research and Internal META estimates
13Intellectual Property & Know-How
• META has 140 filed patents (76 granted) across
44 patent families (28 granted)
• 5 registered trademarks
• Proprietary, custom manufacturing processes
and trade secrets, developed over 10 years
with multi-million $ investment
• Processes and methods were patented early,
providing multi-year competitive advantage
Source: META IP Portfolio - Last updated April 19th 2021
14Investment Priorities 2021-2022
Initial roll-to-roll production equipment:
operational year-end 2021 to mid-2022
1. Acquire and launch Pilot Scale
roll-to-roll functional film production
capability, estimated $10M CAPEX
2. Customer Center including META’s
pilot line, to license, train and sell
duplicates internationally
3. Healthcare and Wellness applications
led by current customer engagements, Expansion equipment and clean room labs:
estimated spending $3M operational 4Q21 to 2Q22
4. Applied R&D, increased headcount,
estimated spending $3M
15Scalable Revenue and Business Model
Design, Test Samples Wafer Scale Validation R2R Licensed Pilot Line Multiple Revenue
Streams
Design Verification Performance Validation Production at Scale Revenue Streams
• Produce samples • Complete • Cost model validation with 1. License Fee
to customer spec Phase 2 NRE customer 2. Master-Supply
• Test samples • Produce Beta lot for • Produce pilot scale lot for 3. Royalties
4. Equipment Supply
• Scope proposal for customer use customer use 5. Raw Material Supply
Phase 2 NRE • Pilot scale production • Commercial scale license Agreement
(Funded R&D) contract and scope and material supply 6. Service NRE contract
agreement (META owns IP)
16Leading the NEXT AGE of “invisible"
highly functional metamaterials
Growth
Software driven Global
simulation tools Partnerships NASDAQ’s first ever
metamaterials company
Established & – 1st mover advantage
Broad and
De-risked Tech
Growing IP
Estate Platform Access to Non-dilutive
OEM government funding
and Fortune 500 provides significant
IP companies, from match of equity and/or
diverse industries debt financing
Proprietary provide direction,
Team Manufacturing & funding and
Design Platform ready outlets for
Multinational our novel products
Subject Matter with multiple
Experts Scalable & Sustainable potential revenue
Products streams
17Mark Komonoski
Investor Relations
T: 877-255-8483
E: mark@metamaterial.com
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