Meta Materials discloses new purchase order from G10 central bank customer

Meta Materials "announced that it has been awarded a new purchase order for its authentication, nano-optic security business, which provides anti-counterfeiting features for currencies and government documents and authentication for brands. META has been executing an agreement with a maximum value of $41.5M over a period of up to five years with a confidential G10 central bank customer. The new purchase order represents an additional $855K to the $4.3MM base award previously received in September 2022, bringing the total orders received to approximately $14.4MM for continued work under the multi-year agreement. The customer may elect to increase the scope of the base award with additional purchase orders."