News in Brief

META Complete Nanotech Acquisition

META Materials Inc, a developer of high-performance functional materials and nanocomposites, has announced the completion of the acquisition of Nanotech Security Corp, which produces secure nano-optic security features for banknotes and other secure documents, in a deal valued at c. C$91 million. Nanotech has now been delisted from the TSX Venture Exchange.

Nanotech’s expertise lies in nanophotonics R&D, high-volume, roll-to-roll nano-imprint lithography, and nano-coating production. In particular, says META, its in-house electron beam lithography capability is expected to significantly increase META’s capacity for new customer engagements and shorten material selection programs.

Capacity at Nanotech’s 105,000 sq ft production facility in Thurso, Quebec, exceeds 7 million m² per year, and META plans to approximately double capacity to 15 million m² over the next couple of years.