CALIFORNIA NANOTECHNOLOGIES REPORTS RECORD REVENUE FOR BOTH NINE MONTHS AND THIRD QUARTER
Created at :
Jan 31, 2017
TSX VENTURE: CNO
LOS ANGELES, CALIFORNIA, JANUARY 31, 2017 - California Nanotechnologies Corp. ("Cal Nano" or the "Company") is pleased to report financial results for the first nine months of fiscal 2017, which ended November 30, 2016. In the March to November period, revenues on a US basis, increased by 41% to $465,463 US, compared to $330,216 US during the same period last year.
"Of particular significance, in mid-January 2017, the Company delivered the first working prototype to it's wafer fabrication customer for testing and evaluation," stated Eric Eyerman, COO. "This product was delivered ahead of schedule. This milestone is critical to proceeding with phases 2 and 3 of this important program. Based on this success, the Company has committed to procuring the large SPS required for the production phase of this and other large programs. The Company is in the process of completing the documentation to facilitate this transaction.”