CALIFORNIA NANOTECHNOLOGIES ANNOUNCES POSITIVE CASH FLOW FOR Q2/F2019 & NEW SPS CONTRACT
Created at :
Oct 16, 2018
TSX VENTURE: CNO
LOS ANGELES, CALIFORNIA, October 16, 2018 - California Nanotechnologies Corp. ("Cal Nano" or the "Company") is pleased to announce revenues of US $175,170 for Q2/F2019 ending August 31, 2018. This is an increase of 127% compared to Q2/F2018. Cash flow provided by operations was US $24,364. This represents the third consecutive quarter with positive cash flow, which is the first time this has happened in the Company’s history. Full results are posted on sedar.com.
The Company would also like to announce it has received a purchase contract valued at $280,000 from its National Lab customer. The program involves the continued development and scale-up of nuclear fuel components using SPS technology. Along with this contract, the Company has also received over $50,000 in new orders from its large aerospace and major chip fabrication customers, both of which are focused around SPS.
Continuing the Company’s extensive engagement in the materialsscience community, Cal Nano will be attending the MS&T 2018 Conference (Materials Science & Technology) in Columbus, OH from October 15-18, 2018. “The Company will continue to be part of the latest developments in the material science industry and spark plasma sintering. We will also take the opportunity to meet with many current and potential customers.” said Interim CEO Eric Eyerman.
For further information, please contact:
Eric Eyerman, CEO