Meta and Sekisui Collaborate to Improve 5G/6G Communications Infrastructure

Transparent Flexible Film Reflects High-Speed Signals to Eliminate Dead Zones

Metamaterial Inc. (the "Company" or "META") (CSE:MMAT) a developer of high-performance functional materials and nanocomposites, today announced a collaboration with Sekisui Chemical ("Sekisui") to improve the performance and coverage of high-speed, 5G and future 6G networks. Together, META and Sekisui are developing a new transparent and flexible radio wave reflection film, which passively reflects and transmits radio waves in the sub 6 GHz and millimeter wave ranges. This transparent film can be applied anywhere, without requiring connection to a power supply, and without spoiling the surface's appearance, to improve the communication environment

META Transparent Window Film Transforms Outdoor 5G Coverage Passively

The general premise of high-performance 5G is to create wireless mobile networks able to handle a far greater number of simultaneous connections, to greatly reduce network latency, and to provide much higher data rates. However, these high-speed signals are highly directional, have reduced signal range, and are easily blocked by objects in the environment, such as buildings and trees. Deploying large numbers of small cells in dense urban areas to fill dead spots in network coverage, including providing access to power and fiber optic backhaul infrastructure, raises costs and creates challenges for wireless carriers. META and Sekisui are working towards developing a passive, more sustainable solution to cost-effectively address this problem.

"Sekisui and META are working towards developing a solution to help wireless service providers deliver on the promise of 5G networks. Our innovative transparent reflective film attempts to eliminate network users' stress, supports IoT transformation, and significantly improves communications infrastructure," said Hisahiko Kashihara, General Manager, R&D Institute, of Sekisui Chemical.

"We are proud to work with a world-class partner such as Sekisui to help develop and potentially deliver a practical solution, which will simplify the deployment of 5G networks, help to enable many new applications, and improve the experience of everyday users," said George Palikaras, President and CEO of META.

Combining a special 2D metasurface nano-patterned layer provided by META with Sekisui's film processing technology, the new product is durable and transparent, yet diffusely reflects only radio waves, eliminating blind spots in communications. It has reflection characteristics which are equivalent or superior to those of aluminum materials used in antennas and is highly effective with high-frequency radio waves used in 5G and future 6G networks.

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About Metamaterial Inc.

META is changing the way we use, interact with, and benefit from light and other forms of energy. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. META is an award winning Global Cleantech 100 company with products that support sustainability by doing more with less; they encompass lightweight, sustainable raw materials and processes which consume less energy and offer more performance. META has a growing patent portfolio and is currently developing new materials with diverse applications in concert with companies in the automotive, aerospace, energy, consumer electronics and medical industries. META is headquartered in Halifax, Nova Scotia and has R&D and Sales offices in London, UK and Silicon Valley. For additional information on META, please visit www.metamaterial.com

Media inquiries:

media@metamaterial.com

Investor inquiries:

Mark Komonoski
phone: 1-877-255-8483
mark@metamaterial.com

Forward Looking Information

This release includes forward-looking information within the meaning of Canadian securities laws regarding the Company and its business, which may include, but are not limited to, statements with respect to the business strategies and operational activities of the Company. Often but not always, forward-looking information can be identified by the use of words such as "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "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 companies, including risks regarding the ability and performance of the transparent and flexible radio wave reflection film being developed in collaboration with Sekisui, the ability of the Company to commercialize its prototypes, and the ability of the Company to expand into other uses. 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.

The CSE has neither approved nor disapproved the contents of this news release.

SOURCE:Metamaterial Inc.