00:29:19 EST Sun 25 Feb 2024
Enter Symbol
or Name
USA
CA



California Nanotechnologies Corp
Symbol CNO
Shares Issued 31,803,750
Close 2023-04-25 C$ 0.115
Market Cap C$ 3,657,431
Recent Sedar Documents

ORIGINAL: California Nanotechnologies and Fritsch Partner to Provide Advanced Material Processing Services

2023-04-25 13:12 ET - News Release

Los Angeles, California--(Newsfile Corp. - April 25, 2023) - California Nanotechnologies Corp. (TSXV: CNO) (OTC Pink: CANOF) ("Cal Nano" or the "Company") would like to announce it has signed a Memorandum of Understanding ("MOU") with Fritsch Milling & Sizing, Inc ("Fritsch") to collaborate on new business development opportunities. The agreement intends to complement and support each party's technologies and capabilities to bring wide range solutions for client industries and access markets that would have otherwise extended beyond the reach of one party.

Cal Nano and Fritsch will aim to offer competitive, cost-effective, and time-sensitive proposals for a complete portfolio of services in material grinding, milling, particle size reduction, mechano-chemistry and mechanical alloying. The collaboration includes but is not limited to the sharing of sales and marketing resources, equipment provisions for application development, and trials or demos to showcase fit for larger program commitments.

"We are excited to be solidifying our partnership with Cal Nano as we collectively look to target new customers with both development services and scalability to existing applications. Fritsch has been working with Cal Nano for several years and recognizes their strong reputation for expedient and high-quality services. As an entity that values continuous improvement along with new discoveries our combined forces will help to meet the evolving customer needs in materials science," said Melissa Fauth, President & CEO of Fritsch Milling & Sizing, Inc.

"We are thrilled to have this collaboration with Fritsch as they share our vision for the advanced materials space. Working together, we expect to leverage our collective expertise and resources to drive new business development opportunities. Cal Nano is in a unique position to offer services ranging from the research and development phase all the way to commercial-scale production, and believe this flexibility is important for our growth," stated Eric Eyerman, CEO of California Nanotechnologies Corp.

The MOU shall remain in effect for two years and will auto-renew for one-year periods unless otherwise canceled by either party.

About FRITSCH International
FRITSCH is an internationally respected manufacturer of application-oriented laboratory instruments. Our instruments have been used for decades worldwide for Sample Preparation and Particle Sizing in industry and research laboratories. Trust FRITSCH quality made in Germany, our experience and our service since 1920.

About California Nanotechnologies Corp.
At Cal Nano, we envision a world in which our advanced technologies are used to help make the most innovative products on this planet and beyond. We are trusted by global leaders to help push the boundaries of applied material science by utilizing our unique technical expertise and vision. Headquartered in Los Angeles, California, Cal Nano hosts a complement of advanced processing and testing capabilities for materials research and production needs. Customers range from Fortune 500 companies to startups with programs spanning aerospace, renewable energy, defense, and semiconductors.

For more information:

California Nanotechnologies Corp.
Eric Eyerman, CEO
T: +1 (562) 991-5211
info@calnanocorp.com

Otis Investor Relations Inc.
Brandon Chow, Principal & Founder
T: +1 (647) 598-8815
brandon@otisir.com

FRITSCH Milling & Sizing, Inc.
Melissa Fauth, CEO
Jeff Scott, VP Business Development
T: +1 (919) 229-0599
Info@fritsch-us.com

Reader Advisory

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to the expected future performance of the Company. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, governmental regulation, including environmental regulation; unanticipated operating events or performance; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163621

© 2024 Canjex Publishing Ltd. All rights reserved.