California Nanotechnologies Announces Positive Cash Flow for Q2/F2019 & New SPS Contract
October 16 2018 - 8:30AM
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 materials science 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, Interim CEOT:
(562)-991-5211E: info@calnanocorp.comW:
www.calnanocorp.com
Reader Advisory
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globally; industry conditions, governmental regulation, including
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