Meta Materials Inc. · OTC:MMATQ
Meta Materials — Merger or Acquisition (February 2021)
41 slides from Meta Materials's merger presentation, February 2021
Slide 1: Torchlight – February 2021
ORCHLIGHT February 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements CERTAIN STATEMENTS IN THIS PRESENTATION CONCERNING THE PROPOSED TRANSACTION, INCLUDING ANY STATEMENTS REGARDING THE EXPECTED TIMETABLE FOR COMPLETING THE PROPOSED TRANSACTION, THE RESULTS, EFFECTS, AND BENEFITS OF THE PROPOSED TRANSACTION, FUTURE OPPORTUNITIES FOR THE COMB
Slide 3: Transaction Overview
Transaction Overview ▪ Reverse takeover of Torchlight (a U.S.-listed public company) by Meta (a Canadian-listed public company), by way of a Plan of Arrangement. ▪ Torchlight’s pre-Arrangement stockholders will own approximately 25.0% of the new combined company post-closing, and in exchange issue s
Slide 4: Transaction Merits
Transaction Merits ▪ Legacy Value + + | Pre-Arrangement ▪ New Vision | Transition to the development of Torchlight shareholders still maintain niche, technology-enabling nanomaterials exposure to the oil and gas assets and will that have broad applications in a future more receive a pro rata share o
Slide 5: The Transaction Opportunity
The Transaction Opportunity MASTERING LIGHT DRIVING INNOVATION Metamaterial, Inc. www.metamaterial.com CSE: MMAT
Slide 6: Forward Looking Statements
Forward Looking Statements This Presentation includes forward-looking information within the proposed transaction with Torchlight Energy Resources Inc., the meaning of Canadian securities laws and within the meaning of ability of the parties to raise necessary equity capital, approval of the Section
Slide 7: Solutions for everyday life.
Solutions for everyday life. High performance, sustainable metamaterial functional films that change how we use, interact with and benefit from light and other forms of energy. (Click) META Corporate Video Introduction 7
Slide 8: Electronics Then and Now: The Birth of the Digital Age
8 Almost every great advancement in technology can be attributed to a breakthrough in material science. Electronics THEN... Electronics NOW... 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 se
Slide 9: 21st Century will be the new age of invisible highly functional metamaterials
9 st 21 Century will be the NEW AGE of “invisible" highly functional metamaterials Échelette DOE Blazed binary grating Geometric Phase Mie resonators High performance META META Light field Concept (1970’s) (1998) (2001) (2014) (2016) (2019) (2020) (2020) VALUE PROPOSITION HOW IT WORKS META helps OEM
Slide 10: Unprecedented Market Opportunity
10 UNPRECEDENTED Emerging Trends: MARKET OPPORTUNITY 1 5G infrastructure rollout and Vehicle Electrification -> initial wave of growth in metamaterials Some of our most cherished devices – smartphones, cars, computers and medical > $3 Trillion 2 Combined >$3T Advanced Materials, IoT, Medical, Energy
Slide 11: Multiple Potential Revenue Streams based on R2R Manufacturing and Material Supply
Multiple Potential Revenue Streams based on R2R Manufacturing and Material Supply 11
Slide 12: META at a Glance
META at a Glance Design & Nanofabrication Developed and De- Core Capabilities Growing Patent Portfolio Strategic Partnerships Experts risked Tech Platform Holography, Lithography 54 Granted Patents in Relationships with Breakthrough performance >$75M CAD Invested & Wireless Sensing 28 Patent Familie
Slide 13: META is a Key Player in the Value Chain
META is a Key Player in the Value Chain Key Advantages vs. Competition: • High quality, proprietary large area B2B OEM patterning Raw Customer or • Lower production costs, roll-to-roll Large Area capable Materials Partner Nano-patterning • Multi-functionality in a single area (e.g. transparent + con
Slide 14: Advanced Materials Competitive Landscape
Advanced Materials Competitive Landscape Existing META relationships Source: LUX Research and Internal META estimates 14
Slide 15: Case Study: Transparent Sensors and 5G Antennas
Case Study: Transparent Sensors and 5G Antennas COMPETITIVE ADVANTAGE META’s lithography capability enables fabrication of In 2019, META partnered with sensors & antennas completely invisible to the human eye. Samsung’s Advanced Institute of META’s touch sensors and transparent 5G antennas can Techn
Slide 16: Broad And Growing Target Applications
Broad And Growing Target Applications Consumer Electronics Health and Wellness Augmented Reality, 5G Non-invasive glucose monitoring, Displays & Touch Screens, Vital sign monitoring, Transparent Antennas & EMI Shielding Faster MRI imaging, Zero-radiation, early-stage screening Automotive for Cancer
Slide 17: META Transparent Window Film Transforms Outdoor 5G Coverage
META Transparent Window Film Transforms Outdoor 5G Coverage 17
Slide 18: META Invisible Antenna to Enhance Indoor 5G and Digital TV Reception
META Invisible Antenna to Enhance Indoor 5G and Digital TV Reception
Slide 19: META Transparent EMI Shielding - Transforms Cooking Visibility, Safely
META Transparent EMI Shielding - Transforms Cooking Visibility, Safely 19
Slide 20: META Nano-heater to Protect Sensors
META Nano-heater to Protect Sensors - Transparent to RADAR and LIDAR Simultaneously
Slide 21: Example Applications: Consumer Electronics, Communications, Health & Wellness
Consumer Electronics, Communications, Health & Wellness – Example Applications Image: Royole Corporation Over $13Bn of Total Addressable Market EMI Shielding Augmented Reality Communications Molecular Biosensor - 2x more electromagnetic - Smart eyewear displays - Invisible antenna / reflector - Bio-
Slide 22: Solving Global Challenges Together With OEM Partners And Customers
Solving Global Challenges Together With OEM Partners And Customers Selected Target Co-Development Partners and Customers in Automotive, Medical, Aerospace & Defense, Consumer Electronics and Energy 22 22
Slide 23: Investment Priorities 2021-2022
Investment Priorities 2021-2022 Initial roll-to-roll production equipment: operational year-end 1. Acquire and launch Pilot Scale roll-to-roll functional film production capability by year-end 2021, estimated $10M CAPEX 2. Customer Center including META’s pilot line, to license, train and sell dupli
Slide 24: Scalable Revenue and Business Model
Scalable 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 Ph
Slide 25: Executive Team
Executive Team George Palikaris, Ph. D. Kenneth Rice, MBA, JD, LLM President and CEO, Founder Chief Financial Officer & EVP 12 years in leadership positions of high-tech 30+ years experience, public and private startups. Goldman Sachs (10KSB), MIT company CFO, in-house counsel, Enterprise and EY awa
Slide 26: Selected Financial Highlights – Q3:20 YTD (CAD)
Selected Financial Highlights – Q3:20 YTD (CAD) Q3:20 YTD includes 1-time costs of CAD$3.3M in RTO listing costs This information should be read in conjunction with the complete financial statements and the associated management discussion and analysis, available on the Investors section of our webs
Slide 27: Capitalization
Capitalization Historical Funding (CAD): • Lockheed Martin ITB $5.6M • Airbus ITB $3.0M $18.4 • Babcock ITB $1.3M • Satair Distribution License $1.3M • M&A Activities1 $7.2M • BDC Capital – Cleantech Fund $5.0M • Radar Capital $4.4M • Lark Investments, Caixa Capital, VTB $18.4 Capital, URBANA Corpor
Slide 28: Leading the NEXT AGE of invisible highly functional metamaterials
Leading 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 fun
Slide 29: THANK YOU
THANK YOU Mark Komonoski T: 877-255-8483 E: mark@metamaterial.com 29
Slide 30: Appendix
Appendix Company Timeline, Intellectual Property, Board of Directors, Key Asset acquisition, Product roadmap, Product Application Examples 30
Slide 31: Company Timeline
Company Timeline Product Launch Series A and OEM Key supply and University 1st Major OEM Deal licensing partnerships MRI & with Boeing, Artemis Collaborations Prototype, Proof of Platform GlucoWise optical and Covestro UNB, UdeM begin Human Testing Partnership with IDTechEx Best Manufacturing Best A
Slide 32: Intellectual Property & Know-How
Intellectual Property & Know-How Patent Families Breakdown • 89 filed patents (54 granted) across 28 patent families (21 granted) Other • 5 registered trademarks 3 Holography 4 • Proprietary, custom manufacturing processes LED/Solar 3 and trade secrets, developed over GlucoWise 10 years with multi-m
Slide 33: Board of Directors
Board of Directors Ram Ramkumar, B Tech, MBA Allison Christilaw, MBA, ICD.D Chairman Director 10 years private investor in technology 20+ years Strategy Expert, Governance, HR, 35+ years on boards of numerous Management Consulting. top TSX- and NASDAQ-listed companies Sold her business to Deloitte C
Slide 34: Interglass Acquisition Builds AR One-Stop-Shop
Interglass Acquisition Builds AR One-Stop-Shop • metaFUSION™ integrated high-functional metamaterials combined with lens casting technology developed by Interglass Technology AG • META acquired assets & IP of Swiss lens manufacturer Interglass Technology AG, 70+ patents, trademarks and trade secrets
Slide 35: Product Development Roadmap Summary
Product Development Roadmap Summary High-Volume Vertical Market Focused Products • Automotive • Energy/Solar • Aerospace & Defense • Health and Wellness Applications • Consumer Electronics Non-Recurring Engineering Projects Applied Research and Development Objectives: Objectives: Test and refine new
Slide 36: Application Roadmap – Near Term (18 months)
Application Roadmap – NearTerm (18 months) Functional metamaterial films for Aerospace & Defense and Consumer Electronicsmarkets Augmented Reality Optical Filters and Laser Protection Transparent Heaters Transparent Antennas Optical components for Augmented metaVISIONTM Advanced Optical metaAIR® eye
Slide 37: Application Roadmap – Mid Term (2-5yrs)
Application Roadmap – Mid Term (2-5yrs) Functional metamaterial films for Automotive,5G Connected, and Energy markets Displays Solar Transparent Transparent Touch Sensor for Energy Optical components for Coating that improves solar Heaters EMI Shielding Flexible Displays large area displays panel ef
Slide 38: Application Roadmap – Mid Term to Long Term (2-7yrs)
Application Roadmap – Mid Term to Long Term (2-7yrs) 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 met
Slide 39: Solar Energy – Example Application
Solar Energy – Example Application Ultra-thin, Light and Flexible Increases Solar Cell Efficiency - Ideal for the transportation industry - Traps light that would otherwise be - Adds onboard power, charging reflected, increases absorption Over $5Bn of Total Addressable Market Angular Absorption Scal
Slide 40: Automotive – Example Applications
Automotive – Example Applications Over $1Bn of Total Addressable Market Autonomous Vehicles De-Icing / De-Fogging Head-up Displays - Vehicle Electrification with - Active Transparent and - Reduce driver Distraction solar roofs to increase Ultra-lightweight - Decrease Reaction Time, reduce range and
Slide 41: Biosensors - Applications in Development
Biosensors - Applications in Development Expansion towards Biosensor Applications – Licensing/Project Financing opportunities Molecular Biosensor Daily use Biosensor with sensitivity and performance enhanced using nanomaterial, to meet rising demand for point of care testing. MARKET POTENTIAL $10+B
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