We look forward to leveraging the combined expertise and technology of each firm, and the benefits of scale and visibility, which META will bring to the Optodot platform.” Our complementary technologies and partnerships will help accelerate market adoption in electric vehicles and other industries. “We are excited for the next chapter of our growth with META. Optodot has been pioneering technologies that make batteries safer for the last two decades in collaboration with leading OEMs, innovative start-ups, and U.S.
Steve Carlson President & CEO of Optodot, said: About 15 million m 2 are required per GWh of battery capacity (10-20 million m 2, depending on the battery configuration).ĭr. Separator shipments were about 5.5 billion square meters in 2021 and are projected to reach 15.9 billion square meters in 2025 (Source: SNE Research). The global market for Lithium-ion battery separators was an estimated $5.1 billion in 2021 and is projected to reach $9.0 billion in 2025 (Source: Yano Research Institute Ltd.). “Together with Dr Carlson’s team we look forward to helping drive the growth of safer and more sustainable transportation.” Through this strategic acquisition, META expands its nanomaterials library and core expertise to address key challenges in battery safety and other applications, opening multi-billion-dollar markets.” “Optodot has developed disruptive, high performance ceramic nanomaterials in partnership with leading battery and medical equipment OEMs. Batteries need to be reliable and safe, while reducing cost to drive wider adoption. George Palikaras, President and CEO, said:Ĭonsumers want EVs with increased range and rapid charging to get back on the road quickly. “The race to electrification and a new world in which electricity replaces gasoline and diesel is just getting started. Additional potential applications for NANOPORE® nanoporous membrane technology include ultrafiltration and medical metamaterial devices. META will strengthen its proprietary portfolio of battery materials with NPORE® nano-composite ceramic separators to enhance safety, performance, and cost in electric vehicles. Optodot products can be combined and coated with META’s PLASMAfusion™ technology, and META plans to expand capacity at its facility in Thurso, Quebec. META’s Advanced Materials and Battery Products group will continue joint development, licensing, and manufacturing scale-up of Optodot’s technology in partnership with leading OEMs. Steve Carlson, its President & CEO, who was recently honored as the 2022 Inventor of the Year by the New York Intellectual Property Law Association (NYIPLA) for pioneering safer separators for rechargeable lithium-ion batteries. The acquisition is expected to close in June, subject to customary closing conditions and regulatory approvals. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Other companies in which they allegedly conducted market manipulation include Camber Energy (NYSEMKT: CEI) and Alzamend Neuro (NASDAQ: ALZN). They may also be banned from trading securities in the future and face jail time, as criminal charges have been filed against them. The promotion resulted in a massive rise in price for Torchlight, which the company used to its advantage by issuing over $100 million in at-the-market offerings.īased on the lawsuit, the eight individuals will face disgorgement of all their illegal gains and pay civil penalties. 23, the group allegedly made profits of $775,629 from their scheme. In one example, Matlock posted in Discord: “TRCH going to 4+ after hours on Henne new found covid DD.” However, Matlock immediately sold out of 49,602 shares for $3.32 per share following the message, disregarding his own $4 price target.įrom Feb. He noted to his followers that the company had a “10 billion dollar MARKET CAP POTENTIAL.” For example, Hennessey claimed that Meta would potentially partner with Tesla (NASDAQ: TSLA) and had coronavirus-fighting applications in store. The group used the then-upcoming merger with Meta as a catalyst for their followers to buy in. Furthermore, they would often sell their entire stake and then buy back in. The group would then continue to promote the company as if they still held shares. After the promotion, their unsuspecting followers would buy in and pump up the price, which led the group to sell out with significant gains. Meta Materials’ Predecessor Name-Dropped in SEC Lawsuitįollowing the purchases, the group embarked on a campaign to promote Torchlight to their hundreds of thousands of followers.
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