Posted On: 11/02/2016 1:44:02 PM
Post# of 98254
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Please find the latest update from Cal Nano.
CALIFORNIA NANOTECHNOLOGIES ANNOUNCES PROGRAM WITH MAJOR MICROCHIP MANUFACTURER
If you have any questions please contact:
David Grant
Chairman
d.grant@omni-lite.com
(714) 757-8863
We have made every effort to ensure that this email is not sent out more than once to the subscribers of California Nanotechnologies Update System and we apologize if an additional copy has reached you in error. Please unsubscribe to the second message to avoid further duplication.
NEWS RELEASE
CALIFORNIA NANOTECHNOLOGIES ANNOUNCES NEW ORDERS AND INCREASED SPS CONTRACTS THAT INCLUDE A MAJOR MICROCHIP MANUFACTURER
♦
Total new orders exceed $460,000 US
♦
New initial SPS contract with major microchip manufacturer worth $138,000 US
♦
Operating line approved for $250,000 US
TSX VENTURE: CNO
LOS ANGELES, CA, NOVEMBER 2, 2016 - California Nanotechnologies Corp. (“Cal Nano” or the “Company”) is pleased to announce that it has received new contracts worth approximately $460,000 US. Of these orders, 50% are in the Spark Plasma Sintering (“SPS”) division, 37% are in the Research and Energy division, 10% are in the Sports and Recreational division, and 3% are in the Aerospace division.
Of particular significance, the Company has received an order from a major microchip manufacturer. The initial phase of this contract covers the material research and prototype development of a critical component to be utilized in the wafer manufacturing process. This contract is valued at $138,000 US and is scheduled to be completed by February 2017. "This program demonstrates the Company's established position as a prime contractor for cutting edge SPS research,” stated Eric Eyerman, Operations Manager. “The additional phases of the project are intended to develop a commercially viable product.”
To complete these activities, leading to significant growth, the Company would like to note that it has arranged a $250,000 US, operating line of credit with a leading commercial bank.
Continuing the Company’s engagement in the scientific community, Cal Nano exhibited at the MS&T 2016 Conference (Materials Science & Technology) in Salt Lake City, Utah from October 24th through October 26th, 2016. “The Company greatly expanded its potential customer base, generating significant interest in the area of SPS, which is the fastest growing division in the Company.” said SPS Division Manager Brian Weinstein.
For further information, please contact:
David Grant, Interim CEO
T: (562) 991-5211
F: (562) 926-6913
E: investorinfo@calnanocorp.com
W: www.calnanocorp.com
Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risk and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Copyright © 2016 California Nanotechnologies, Inc., All rights reserved.
Thank you for your business with California Nanotechnologies.
Our mailing address is:
California Nanotechnologies, Inc.
17220 Edwards Road
Cerritos, CA 90703
USA
** unsubscribe from this list ** update subscription preferences
This email was sent to
d.grant@omni-lite.com
why did I get this?
unsubscribe from this list
update subscription preferences
California Nanotechnologies, Inc. ·
17220 Edwards Road
·
Cerritos, CA 90703
· USA
Please find the latest update from Cal Nano.
CALIFORNIA NANOTECHNOLOGIES ANNOUNCES PROGRAM WITH MAJOR MICROCHIP MANUFACTURER
If you have any questions please contact:
David Grant
Chairman
d.grant@omni-lite.com
(714) 757-8863
We have made every effort to ensure that this email is not sent out more than once to the subscribers of California Nanotechnologies Update System and we apologize if an additional copy has reached you in error. Please unsubscribe to the second message to avoid further duplication.
NEWS RELEASE
CALIFORNIA NANOTECHNOLOGIES ANNOUNCES NEW ORDERS AND INCREASED SPS CONTRACTS THAT INCLUDE A MAJOR MICROCHIP MANUFACTURER
♦
Total new orders exceed $460,000 US
♦
New initial SPS contract with major microchip manufacturer worth $138,000 US
♦
Operating line approved for $250,000 US
TSX VENTURE: CNO
LOS ANGELES, CA, NOVEMBER 2, 2016 - California Nanotechnologies Corp. (“Cal Nano” or the “Company”) is pleased to announce that it has received new contracts worth approximately $460,000 US. Of these orders, 50% are in the Spark Plasma Sintering (“SPS”) division, 37% are in the Research and Energy division, 10% are in the Sports and Recreational division, and 3% are in the Aerospace division.
Of particular significance, the Company has received an order from a major microchip manufacturer. The initial phase of this contract covers the material research and prototype development of a critical component to be utilized in the wafer manufacturing process. This contract is valued at $138,000 US and is scheduled to be completed by February 2017. "This program demonstrates the Company's established position as a prime contractor for cutting edge SPS research,” stated Eric Eyerman, Operations Manager. “The additional phases of the project are intended to develop a commercially viable product.”
To complete these activities, leading to significant growth, the Company would like to note that it has arranged a $250,000 US, operating line of credit with a leading commercial bank.
Continuing the Company’s engagement in the scientific community, Cal Nano exhibited at the MS&T 2016 Conference (Materials Science & Technology) in Salt Lake City, Utah from October 24th through October 26th, 2016. “The Company greatly expanded its potential customer base, generating significant interest in the area of SPS, which is the fastest growing division in the Company.” said SPS Division Manager Brian Weinstein.
For further information, please contact:
David Grant, Interim CEO
T: (562) 991-5211
F: (562) 926-6913
E: investorinfo@calnanocorp.com
W: www.calnanocorp.com
Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risk and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Copyright © 2016 California Nanotechnologies, Inc., All rights reserved.
Thank you for your business with California Nanotechnologies.
Our mailing address is:
California Nanotechnologies, Inc.
17220 Edwards Road
Cerritos, CA 90703
USA
** unsubscribe from this list ** update subscription preferences
This email was sent to
d.grant@omni-lite.com
why did I get this?
unsubscribe from this list
update subscription preferences
California Nanotechnologies, Inc. ·
17220 Edwards Road
·
Cerritos, CA 90703
· USA
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