CALIFORNIA NANOTECHNOLOGIES COR (OTC:CANOF)

California Nanotechnologies (OTC:CANOF) (TSXV:CNO) ($0.51; $33.49M market cap) is moving deeper into commercial production, announcing two purchase orders totaling ~$US115,000 from Oerlikon Metco and AbTech Industries. These orders mark the company’s first step beyond R&D services and into recurring revenue opportunities tied to larger-scale manufacturing.

In addition, CANOF has completed its ISO 9001 Quality Management Systems certification. The accreditation, which covers Spark Plasma Sintering across both the Cerritos and Santa Ana facilities, is a key prerequisite for securing larger commercial contracts across industries.

Management expects both clients to continue ordering on an ongoing basis.

"Today is an important milestone in Cal Nano’s history," stated CEO Eric Eyerman. "We have successfully made the transition from being a pure research and development (R&D) manufacturing service provider over the last six years to now also serving our customers’ commercial applications and needs. These orders, along with the ISO 9001 certification, set us up well as we build our commercial platform and solidify our presence as a domestic advanced materials manufacturer."

Seeing slowdown in activity from one customer:

“Cal Nano has seen a recent slowdown in activity from its green steel customer, who the Company understands has achieved certain performance targets, resulting in a period of transition for their R&D efforts. The decrease in fundamental R&D work is expected to impact the Company's fiscal first quarter. There is potential for an impact in subsequent quarters. However, based on discussions with the customer, Cal Nano currently believes that R&D activity will rebound later in calendar year 2025, although it should be noted that this is not certain at present.

As evidenced by the orders announced today, Cal Nano continues to drive its goal of diversifying its revenues and securing commercial production contracts, which are expected to be more predictable and recurring in nature. The Company continues to progress its discussions for several such opportunities.”

One thing we will be looking into is how significant this customer has been to the company's recent growth.

California Nanotechnologies Corp. engages in the research, development, and production of nanocrystalline materials through grain size reduction.

California Nanotechnologies Corp. (CNO.V) (CANOF) ($0.67; $28.7M market cap), announced it has made the final debt repayment to Omni-Lite Industries. 

“This marks the first time the Company has been debt free in approximately 15 years after receiving its first intercompany advance from Omni-Lite. The final repayment was made ahead of its scheduled maturity in May 2025, providing interest savings to the Company.

We are happy to report that Cal Nano is now debt-free after paying off all of the advances received from Omni-Lite," stated CEO Eric Eyerman. "This provides us with more flexibility on how to invest our operating cash flows as we continue scaling our manufacturing services. Given our long history of trying to grow our business while under a significant debt burden, this is a welcome change for us."

This comes on the heels of the company reporting very strong Q2 2025 results in mid-October. 

California Nanotechnologies Corp. engages in the research, development, and production of nanocrystalline materials through grain size reduction