PRNewswire
Singapore, August 8: MetaOptics Ltd (Catalist: 9MT) (‘MetaOptics’ or the ‘Company’, and along with its subsidiaries, the ‘Group’), a Singapore headquartered semiconductor optics firm, right now introduced that it has notified The Nasdaq Stock Market LLC of its withdrawal of its itemizing software, efficient August 7, 2026 (the ‘Withdrawal’).
‘This train is a key a part of our Company’s strategic plan, aligned with our focus in direction of our key market and clients within the United States. Against a backdrop of geopolitical uncertainty, current whiplash in technological shares’ value performances, ongoing technological disruption, the necessity for certainty over capital expenditures and intensifying world competitors for capital, in addition to our obligations to guard shareholder worth, we’ve got determined to not proceed with the Proposed Nasdaq Dual Listing at this stage,’ mentioned Mr Thng Chong Kim, Executive Chairman of MetaOptics. ‘The Proposed Nasdaq Dual Listing was at all times a way, not an finish. We stay well-capitalised, with a wholesome money stability. We have additionally continued to progress on and strengthen our buyer engagements and our order e-book, and at current, we’re channelling our capital and administration focus into changing our buyer pipeline into buy orders, fulfilling buy orders and increase our metalens manufacturing capability.’
In reaching its determination, the Company weighed the next elements:
1. Prevailing geopolitical uncertainties and the ensuing volatility within the U.S. capital markets, which has diminished the knowledge and timeliness of pricing, undermined the power to fulfill fundraising targets and elevated execution dangers;
2. The tempo of technological disruption within the optics and semiconductor worth chain alongside intensifying world competitors for capital within the semiconductor trade, and the heightened want for certainty over capital expenditures; and
3. The adversarial notion of Asian small-cap issuers arising from a sample of maximum stock value volatility following the listings of a notable variety of such issuers on Nasdaq. Whilst the first goal of the proposed twin itemizing on Nasdaq is to supply the Group with entry to the U.S. capital markets, help the growth of its metalens design and fabrication capabilities within the USA and place the Group in shut proximity to potential key clients, there may be no assurance that the Company’s securities wouldn’t be affected by related buying and selling actions or schemes. Furthermore, the Company is cognisant of the significance to guard shareholder worth, in view of the sturdy shareholders’ help obtained since its itemizing on the Catalist board of the Singapore Exchange in September 2025.
The Company regards this Withdrawal as a deferral fairly than a change of ambition, and the Withdrawal doesn’t and won’t have an effect on the Company’s strategic focus and operational presence within the U.S. market. The Company will proceed to channel its capital and administration focus into changing its buyer pipeline into buy orders, fulfilling buy orders for its key metalens tools and increase its metalens manufacturing capability.
The Company may also proceed to broaden its U.S. presence by way of its subsidiary, MetaOptics Inc. (USA), and the deliberate deployment of a Direct Laser Writer on the University of Arizona’s Center of Semiconductor Manufacturing. With help and help from the Singapore authorities companies, the Company can also be within the course of of building its maiden front-end semiconductor fabrication line with 12-inch DUV immersion photolithography tools within the USA.
The Company might revisit a world twin itemizing when market situations are extra supportive.
MetaOptics stays listed on the Catalist board of the Singapore Exchange below the ticker 9MT. Shareholders usually are not required to take any motion, and save for skilled charges already incurred, the Company doesn’t anticipate the Withdrawal to have a cloth affect on its web tangible belongings per share or earnings per share for the present monetary 12 months ending 31 December 2026.
Business Momentum
The Withdrawal has no bearing on the Group’s enterprise and operations, in addition to the execution of its development plans and techniques. The Company stays well-capitalised, with a wholesome money stability and is targeted on persevering with its path on (i) accelerating its transition to mass manufacturing capabilities as buyer engagement strikes into lively analysis and quantity orders, and (ii) accelerating towards mass adoption of metalens know-how in on a regular basis gadgets:
Consumer Smart Devices
The Company’s second technology pico projector, constructed round its laser beam scanning optical engine, has drawn encouraging early demand forward of its inaugural direct-to-consumer gross sales marketing campaign launch. Since the pre-launch reservation web page at https://prelaunch.metaoptics.sg went reside in July 2026, the Company has secured near 200 reservations, with curiosity from Japan and the United States. The direct-to-consumer gross sales marketing campaign is at present in its pre-launch part and is predicted to open for normal sale within the coming weeks.
In June 2026, the Company additionally started delivery design/analysis orders of its metalens 5G smartphone and metalens AI good glasses to potential world-class clients in Europe, Japan and the Philippines, and has accomplished the design of a next-generation 12-megapixel color metalens digicam module which it plans to showcase at CES 2027.
Broadening Customer Pipeline
The aforementioned design/analysis programme introduced in June 2026 locations the Company’s metalens modules immediately within the fingers of main shopper electronics manufacturers, telecommunications operators and authentic design producers in Europe, Japan and the Philippines, who’re evaluating and qualifying the modules in their very own growth environments.
Discussions with multinational clients are progressing throughout smartphones, AR and VR wearables, automotive sensing, co-packaged optics for knowledge centres and biometric identification, together with the tunable metalens module for 3D contactless fingerprint sensing being developed with a Singapore nationwide semiconductor analysis institute. These constructive discussions are at varied levels of sampling, qualification and analysis, and business negotiation, and no binding settlement has been entered into so far.
Fulfilment of Purchase Orders
The Company stays centered on fulfilling buy orders for its key metalens tools, the Direct Laser Writer (‘DLW’) and the 12′ Automatic Metalens Tester, over the following six to 12 months. The Company delivered its Automatic Metalens Tester to its associate in Taoyuan, Taiwan in March 2026, complementing the beforehand put in DLW in September 2025, offering end-to-end metalens manufacturing and testing capabilities, which additional strengthened the Company’s dedication to supporting the area’s superior semiconductor ecosystems.
In July 2026, the Company signed an settlement to deploy a DLW on the University of Arizona’s Center of Semiconductor Manufacturing, with set up anticipated to start in 2027, a vital step in advancing its U.S. growth technique and its collaborative analysis with world-class semiconductor stakeholders in Arizona, and the broader U.S. market.
Supply Chain and Capacity Growth
The Automatic Metalens Tester is co-developed with a listed precision automation and meeting specialist, and the Company is in dialogue with a number one European wafer foundry on adoption of the Automatic Metalens Tester inside its foundry. Alongside these collaborations, MetaOptics is advancing partnerships protecting vital tools subsystems, wafer-level optics fabrication and the organising of metalens mass manufacturing capability on its 4-inch and 12-inch DLW platforms, with the purpose of shortening lead occasions, enhancing yields and supporting mass manufacturing quantity as design wins are secured.
About MetaOptics Ltd
MetaOptics Ltd (Catalist: 9MT) is a number one semiconductor optics firm headquartered in Singapore, specialising in glass-substrate metalens options mixed with AI-driven picture processing. Through superior optical design and a scalable 12-inch DUV lithography course of, MetaOptics helps next-generation functions in co-packaged optics, cellular gadgets, augmented and digital actuality, automotive electronics and different rising markets. The Group operates by way of 4 vertically built-in enterprise items: capital tools; metalens design and foundry; IoT and good gadgets; and AI algorithms. For extra data, go to www.metaoptics.sg.
Forward-Looking Statements
This press launch might comprise forward-looking statements that contain recognized and unknown dangers, uncertainties and different elements, lots of that are past the Company’s management. Numerous elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the Company’s development methods, its future enterprise growth, outcomes of operations and monetary situation, its analysis and growth efforts, its skill to draw and retain clients, and its skill to ascertain and preserve relationships with suppliers and enterprise companions; and assumptions underlying or associated to any of the foregoing. All data supplied on this press launch is as of the date of this press launch, and the Company undertakes no obligation to replace any forward-looking assertion, besides as required below relevant regulation.
For gross sales enquiries, please contact [email protected].
Singapore (Headquarters)
MetaOptics Technologies Pte Ltd, 81 Ayer Rajah Crescent, #01-45, Singapore 139967
United States
MetaOptics Inc. (USA), 1 Ferry Building, Suite 201, San Francisco, CA 94111
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