On October 10, 2023, the Board of Directors of Meta Materials Inc. removed George Palikaras as President of the Company, effective immediately. In addition, pursuant to the articles of incorporation and the bylaws of the Company (each as amended to date), the Board increased the size of the Board to nine members, and appointed Mr. Fusaro as member of the Board, effective October 10, 2023. Jim Fusaro, age 61, held the position of CEO of Array Technologies Inc. (?Array?), a leading global technology company providing solar tracking solutions and services for utility-scale solar energy projects, from June 2018 to April 2022.

During Mr. Fusaro?s tenure with Array, he successfully restored growth and profitability, increased revenue by approximately 300%, an 8x growth in EBITDA, and more than doubled market share from 2018 to 2020. Prior to joining Array, Mr. Fusaro managed a number of large-scale global businesses at Avnet Inc. (?Avnet?), Honeywell Performance Materials & Technology and Aerospace of Honeywell International Inc. (?Honeywell?), and Amkor Technology (?Amkor?). From June 2017 to June 2018, Mr. Fusaro was Sr. Vice President, IoT Business Unit, of Avnet.

During his time with Honeywell, he served as President of Advanced Materials of Honeywell Performance Materials & Technology from June 2016 to June 2017, Vice President & Chief Commercial Officer of Honeywell Aerospace from December 2014 to June 2016, and Vice President & General Manager of Honeywell Mechanical Subsystems from June 2011 to December 2014. From 1997 to 2011, Mr. Fusaro held various leadership roles with Amkor, including Executive Vice President. Mr. Fusaro has a Master of Science in Mechanical Engineering from Rensselaer Polytechnic Institute and a Bachelor of Science in Mechanical Science from Arizona State University.