California Nanotechnologies Receives Largest Commercial Order To Date
CNO-TSX VENTURE
CERRITOS, CA, – California Nanotechnologies Corp ("Cal Nano" and "CNO") is pleased to announce the Company's largest order to date. These components will be utilized by adidas in their flagship commercial product line, the adiZero Prime SP track spike, which has become known worldwide as the lightest commercially available track and field shoe. This order is over three times the size of previous orders for this product and will generate revenue for the Company of over $89,000 US ($92,900 CAD).
"The Company has already produced the highly specialized material utilized in these products and plans on a partial delivery by the end of December 2013, as required to meet the customer's initial requirements," stated Christopher Melnyk, Vice President. "This order represents the successful transition from the developmental phase of this nanotechnology program into a higher volume commercial project."
California Nanotechnologies is also pleased to announce their attendance as exhibitors at the Materials Science and Technology ("MST") Conference in Montreal, Canada from October 27-30, 2013. Christopher Melnyk presented at the symposium on the topic "Benefits of Spark Plasma Sintering" to highlight the successful initiation of the Company's relationship with Fuji SPS of Japan. Cal Nano's presence at the MS&T'13 Conference generated significant interest among conference attendees, including several Fortune 100 companies and resulted in substantial leads for the various services offered by Cal Nano. The Company is working on solidifying those leads into new customers.
Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risk and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. 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.
