CALIFORNIA NANOTECHNOLOGIES REPORTS AUDITED YEAR END FINANCIAL RESULTS

CNO – TSX VENTURE

CERRITOS, CALIFORNIA, July 2, 2015 - California Nanotechnologies Corp. (“Cal Nano” or the “Company”) is pleased to report financial results for the year ended February 28, 2015. For fiscal 2015, revenues were $352,136 USD compared to $373,481 USD in 2014. This decrease in revenue was due primarily to reduced sales in the sports and recreational division. 

The Company’s cash flow used for operations was $254,968 USD compared with $267,923 USD during the prior year. 

Cal Nano’s net loss for the year was $328,071 USD or $0.01 per share, compared to a loss of $302,365 USD or $0.01 per share in the prior year. Due to increased business activities, overall operating expenses of $651,835 USD were higher by 10% when compared to the prior year. 

California Nanotechnologies hosts a complement of advanced processing and testing capabilities for your materials research & production needs. Multiple in-house Spark Plasma Sintering systems, cryogenic mills, mechanical testing, and tooling fabrication combine for agile ability to serve our customers. R&D and pilot-scale production services are performed by Cal Nano for both in-house programs and customer-funded projects. Programs range from Space, Aerospace, Nuclear, and Sports & Recreation industries.

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