California Nanotechnologies Announces Record Revenue for Q2/FY2020
31 Octobre 2019 - 1:30PM
California Nanotechnologies Corp. ("Cal Nano" or the "Company") is
pleased to announce that revenue for the quarter ending August, 31,
2019 was $290,715, up from $175,710 in the preceding year. Cash
flow provided by operations was $56,058. This represents the
largest quarterly revenue and cash flow in the Company’s history.
This is the second record quarterly revenue and cash flow levels
achieved within the past year. The full financial statements are
available at sedar.com.
The Company would like to announce new orders
for over $150K involving spark plasma sintering and cryogenic
milling contracts. This brings total orders in F2020 to date to
$680K. This includes a program in which Cal Nano’s largest
cryomilling system will be utilized for multiple batches to produce
an advanced metallic material for the US government. Cal Nano will
also be continuing its SPS & Cryogenic milling development work
with its long-standing multi-national aerospace customer and has
just begun a new SPS project with a customer in the sub-orbital
spaceflight industry.
In order to promote the new advances in its
spark plasma sintering & cryogenic milling technology, Cal Nano
exhibited at the Materials Science & Technology conference in
Portland, OR from September 30th- October 1st. “We have exhibited
at this show for many years and it has been a great place to
generate new customers and showcase our latest programs and new
capabilities. Through this year’s event, a new customer that is a
global leader in the semiconductor and solar field has already
placed a PO for development work for innovative applications
involving SPS,” stated Eric Eyerman, CEO of Cal Nano.
For further information, please
contact:
Eric Eyerman, CEOT:
(562)-991-5211E: info@calnanocorp.comW:
www.calnanocorp.com
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