Metamaterial (MMAT.C) picked up specialized lens casting production equipment and the associated intellectual property, including over 70 patents, from Interglass Technology AG acquisition in Switzerland for $800,000, earlier this week, according to a press release.
The company intends to invest and expand its design, development and manufacturing capabilities for their metaFUSION line of smart eyewear products. This combines metamaterial’s functional film elements with precision cast corrective lenses, which more than half the population of glasses wearers uses anyway.
“One of the challenges in augmented reality (AR) eyeglasses, which Mark Zuckerberg so eloquently pointed out as a category killer, is to ensure that light from the AR display does not make the wearer look like an automaton, due to user-display-lit eye glow – especially at night. META successfully pioneered laser and security eyeglass filtering, to combat powerful pen pointers, for our customers like Airbus. Under a new brand name, metaFUSION(TM), we are now applying that proven technology and other functionality directly encapsulated into eyeglasses, to compliment waveguide-based displays similar to HoloLenstrademark. The AR eyeglass display is one of the most complex engineering challenges of our time, and only advanced metamaterials, incorporated into the eyeglass lenses, will likely provide an acceptable solution,” said Jonathan Waldern, Meta’s chief technology officer.
META is an award winning global clean-tech 100 company specializing in the design and manufacture of advanced materials and performance functional films, which control light and other forms of energy. They use lightweight, sustainable raw materials and processes which gobble up less energy without sacrificing performance, and have a growing patent portfolio and are presently working with companies in the automotive, aerospace, energy, consumer electronics and medical industries.
They’re getting lens casting equipment and related workstations and software, tools and test equipment from Interglass, along with their IP and patents, trademarks, technical data, proprietary software, designs and trade secrets in the deal.
META is down a dime today to $1.53, but they’re still riding high on a triple since mid-November.