Metamaterial Tech eyes Silicon Valley expansion via Rolith’s biz acquisition
Halifax-based Metamaterial Technologies Inc. (MTI), a global leader in smart materials and photonics has acquired Silicon Valley based nanofabrication company Rolith. The deal includes Rolith’s proprietary manufacturing technology, as well as its rolling mask lithography (RML) and its NanoWeb products.
MTI also absorbs intellectual property, proprietary tools and state-of-the-art research and development facilities specific to Rolith’s large surface area lithography platform, as well as the company’s key employees. This deal will accelerate MTI’s ability to develop large-scale optical metamaterial products for aerospace, defense, healthcare and energy markets. This acquisition is indicative of MTI’s commitment to innovation, which centers on making the next generation of smart, multifunctional materials that will change the way we use, interact and benefit from light.
“Rolith’s existing business line and RML technology will complement 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,” says Maurice Guitton, MTI’s board chairman.
“This is a strategic acquisition for MTI. One of the biggest challenges in our industry has been the absence of 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.” adds George Palikaras, founder and chief executive officer of MTI. “Rolith has built a solid IP portfolio that will complement MTI’s and I am honored and excited to have all three founders and Rolith’s team join our new U.S. company.”
Rolith was founded in 2008 by Dr. Boris Kobrin, Julian Zegelman and Prof. Mark Brongersma from Stanford University. “We are all excited to be joining MTI and its talented team. MTI is now well-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, MTI signed a partnership agreement with Airbus to test and tailor its award winning technology Lamda Guard metaAIR, as a solution to protect a pilot’s vision by blocking and deflecting intense laser strikes.