Metasurface Technologies Holdings Ltd. (Singapore)

The Company was incorporated in the Cayman Islands under the Companies Law as an exempted company with limited liability on 7 December 2021. The Company’s shares are first listed and from which dealings in the Shares are permitted to take place on GEM on Tuesday, 2 July, 2024.
The principal activity of the Company is is a Singapore-based precision engineering services provider. The Company specializes in providing precision machining and precision welding services for international companies in the semiconductor and other sectors. The precision machining is engaged in the machining process of removing materials from a workpiece to create parts and components with tight tolerance. The Company sells parts that undergo the precision machining process which includes turning, milling, grinding, and drilling, and others. The precision welding involves the use of weldment equipment and specialized welding techniques on a workpiece in a precise and controlled fashion. The Company sells parts that undergo the precision welding process which is typically used for small parts, parts with tight dimensional tolerance, or parts requiring a barely visible line weld.

HISTORY
The key milestones in development to date are set out below:
2000
The first key operating subsidiary, Metasurface Technologies, was incorporated, mainly focusing on machining components for sputter machines, a system to manufacture hard disc drive components.
2009
Metasurface Technologies began to provide precision machining services to the first customer in the semiconductor industry.
2014
SGP Malaysia became a subsidiary of the Group.
2015
Metasurface Technologies expanded its customer base to the aerospace industry.
2016
- Metasurface Technologies first became an approved supplier of Customer A.
- To cope with the growing demands of services, the company expanded own production facility in Johor, Malaysia through SGP Malaysia.
2021
- The company began to manufacture components for one of key customers which is engaged in the oil and gas business
- The company acquired SPW to consolidate its precision welding know-how, capabilities and operations into the Group.
- The company entered into the Licence Agreement with Accelerate, pursuant to which, Accelerate grants Group the rights to, among others, use Accelerate's technologies and intellectual property rights to develop enhancements on, and to commercialise, Accelerate's technologies and licenced products
.
- The company secured investments in Metasurface Technologies for a total amount of S 3,910,000 from nine investors.
2022
- The company entered into the 2nd Pre-IPO Investment with Accelerate in connection with the Licence Agreement.
- The company entered into the 3rd Pre-IPO Investment with MMI and secured an investment of S 1,000,000.