LOS ANGELES, CALIFORNIA, February 22, 2022 - California Nanotechnologies Corp. ("Cal Nano" or the " is pleased to announce that production parts continue to be delivered to its thermo-electrics customer as outlined in previous press releases. This first production run is expected to be completed in early March, after which Cal Nano will be able to address its back log of other SPS related customer programs. “Production continues to go very well for the thermo electric wafers and discussions have begun with the customer regarding the enco uraging future potential of this program” stated CEO Eric Eyerman


Cal Nano has granted 575,000 incentive stock options to the employees, directors and officers of the Company. The options were granted pursuant to the Company’s Stock Option Plan and rece ived approval at a Board of Directors Meeting held on February 21, 2022. The options were granted at the exercise price of$0.075 per share which was the most recent closing price. The stock options will vest over three years, expire after a five-year peri od and are subject to TSX Venture Exchange requirements.


The options granted include those in the table below:


Name Position Options Granted
Eric Eyerman CEO 175,000
Roger Dent Director 75,000
Sebastien Goulet Director 50,000
Enrique Lavernia Director 50,000


About California Nanotechnologies Inc.

Cal Nano is a provider of sophisticated nanotechnology solutions to complex metallurgical and ceramic customer applications. Our two core technologies are cryomilling and spark plasma sintering (“ Customer solutions using these technologies are offered by very few companies in North America, none of which have Cal Nano’s expertise and know-how. Our technologies allow metals and other materials to take on enhanced performance characteristics which can be tailored for each customer’s specific application. Our customers include leading aerospace manufacturers, US national labs, multinational defense companies, and energy corporations.


For further information, please contact:
Eric Eyerman, CEO
T: (562)-991-5211


Reader Advisory

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