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Canadian Metamaterial Technologies Inc. Acquires Silicon Valley based Rolith Inc.HALIFAX, Nova Scotia, May 26, 2016 /PRNewswire/ -- Canadian headquartered Metamaterial Technologies Inc. (MTI), a global leader in smart materials and photonics changing the way we use, interact and benefit from light, announced today, that it has acquired Silicon Valley based Rolith Inc. Rolith develops award winning nanofabrication and large surface area lithography tools. This strategic acquisition will combine MTI's strength in metamaterial applications for healthcare, aerospace, defense and energy markets, with Rolith's proprietary RML® nanofabrication technology to deliver large area, next generation optical products.  "Rolith Inc. will compliment MTI's capabilities and extend its market offerings. This acquisition will establish the company as a forerunner in the industry and will enhance the company's future growth and performance," said Maurice Guitton, MTI's board Chairman. "This is a strategic acquisition for MTI. One of the biggest challenges in our industry has been the absenceof viable manufacturing tools to produce large-scale, high-volume optical metamaterial products. Rolith's patented RML® lithographic technology is the first of its kind and will allow us to scale-up our manufacturing to meet the industry demands." said George Palikaras, founder and chief executive officer of MTI. "Rolith has developed the award-winning NanoWeb® product line and has built a solid IP portfolio that will complement MTI's." Rolith was founded by Dr. Boris Kobrin, Julian Zegelman and Prof. Mark Brongersma from Stanford University in 2008. "We are all excited to be joining MTI and its talented team. MTI is now positioned to be a leader in the commercialization of metamaterial optical products," said Boris Kobrin, founder and chief executive officer of Rolith. MTI's platform technology is gaining international attention for its ability to manipulate light in unprecedented ways. In 2014, the company signed a partnership agreement with Airbus to test and tailor its award winning technology Lamda Guard metaAIRTM as a solution to protect a pilot's vision by blocking and deflecting laser strikes. About Metamaterial Technologies Inc. Metamaterial Technologies Inc. (MTI) is a smart materials and photonics company specializing in metamaterial research, nanofabrication, and computational electromagnetics. The company has developed a new class of optical smart materials, changing the way we use, interact and benefit from light. MTI is headquartered in Halifax, Nova Scotia and has offices in London, England and Pleasanton, California. To learn more visit www.metamaterial.com About Rolith Rolith, Inc. is a leader in advanced nanostructured products for consumer electronics, solar and green building markets. Rolith was formed in 2008, operating from Pleasanton, California. The company holds a comprehensive patent portfolio in the areas of nanolithography, masks fabrication, material deposition and etch methods, and nanophotonic devices. For more information, visit www.rolith.com Metamaterial Technologies Inc., Cindy Roberts, 902-222-3658, [email protected] Photo - http://photos.prnasia.com/prnh/20160526/8521603411 
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