Company description

Mon, 22 Jan 2024 21:06:30 GMT

California Nanotechnologies Corp. engages in the research, development, and production of nanocrystalline materials through grain size reduction. The company provides spark plasma sintering (SPS); cryogenic milling; SPS/FAST tooling; EDM; planetary milling and particle size analysis; hot pressing tooling fabrication and design; wire EDM; machining of metals and metallic alloys; tensile, compression, and hardness testing; planetary ball milling; V-blending/ tumble milling; and particle size analysis through laser diffraction. It also offers SPS starter accessory kits, SPS graphite tooling, SPS systems, tungsten carbide tooling, SPS graphite crucibles, carbon graphite foil/paper, carbon felt and yarn, and quartz glass windows; and Engemini, an SPS/FAST modeling software. It serves aerospace, defense, automotive, medical, sports and recreation, academic, and micro-chip fabrication industries. The company is headquartered in Cerritos, California.

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Wed, 10 Jul 2024 14:06:08 GMT

Adding CANOF (CNO.V) to Run To $1.00 Model Portfolio After Strong Q1

California Nanotechnologies Corp. (CNO.V) (CANOF) ($0.33; $14.6M market cap) reported Q1 2025 results:

Sales of $1.7 million vs $509,288 in the prior year
EPS of $0.01 vs $0.00 in the prior year

"We continued our momentum this quarter as we work towards commissioning our new Santa Ana facility," stated CEO Eric Eyerman. "Our team has been working hard to set up the infrastructure to support the new SPS and cryomilling equipment while maintaining our growth trajectory with our existing Cerritos-based operations. The new capacity in Santa Ana is expected to allow us to process larger part sizes and higher material volumes, contributing to revenues in Q3/FY2025 and onwards…

…It is anticipated that profitability will fluctuate quarter-over-quarter as the Company continues to invest in advance of capacity expansion and business development.

Over the last 18 months, Cal Nano has committed approximately US$1.5 million of capital for the acquisition and installation of equipment to increase its service capacity. The equipment includes: two used cryomills, two SPS machines, a system enabling 3D material printing using SPS technology, and the supporting infrastructure. The Company expects in the near term that additional capital commitments will be incremental to satisfy targeted capacity requirements. The new equipment is not yet operational and contributing to the Company's operating results.”

CANOF creates and shapes solid products for its customers using nanomaterials. For example, different types of smaller metal products.

CALIFORNIA NANOTECHNOLOGIES COR (CNO.V) research, news, and more from GeoInvesting

Company description

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