News in Brief

More Business for Meta

Meta Materials (META), owner of Nanotech Security Corporation, has announced that it has been awarded $4.3 million in purchase orders for the nano-optic security business, which provides security features including its flagship KolourOptik® technology for banknotes and other secure documents.

META has been executing an agreement with a maximum value of $41.5 million over a period of up to five years with a G10 central bank customer. The new purchase orders represent a base award for continued work under the multi-year agreement. The customer may elect to increase the scope of the base award with additional purchase orders.

‘META is committed to being a global leader in banknote security technology. Our nano-optic technology addresses a growing, multi-billion-dollar problem by delivering next generation solutions that can be applied to protect banknotes and government documents,’ said George Palikaras, President and CEO. ‘We are proud that our key customer continues to validate our progress with additional funding, and we are committed to continuing to advance the program.’