California Nanotechnologies 2024: A Year Marked by Significant Growth and Key Milestones
California Nanotechnologies (CANOF) reported significant growth and strategic expansion in 2024. Key developments include:
The company signed a lease for a new facility in Santa Ana, California, approximately five times larger than their existing Cerritos facility, featuring high electrical amperage capacity important for their operations. They purchased a large-scale MSP-5 SPS system from Dr. Fritsch, expected to be North America's largest commercial SPS machine for production and R&D services.
The company successfully commissioned the Santa Ana facility in September 2024, bringing online the new MSP-5 SPS machine and transferred cryomills. The workforce nearly doubled during 2024, including their first dedicated sales hire. Cal Nano received an R&D 100 award for collaborative work with Sandia National Lab in manufacturing refractory high-entropy alloys (RHEAs).
Notably, the company repaid all outstanding debt to Omni-Lite Industries Canada Inc., becoming debt-free for the first time in approximately 15 years.
California Nanotechnologies (CANOF) ha registrato una crescita significativa e un'espansione strategica nel 2024. I principali sviluppi includono:
L'azienda ha firmato un contratto di locazione per una nuova struttura a Santa Ana, California, circa cinque volte più grande della loro attuale struttura di Cerritos, dotata di un'elevata capacità di amperaggio elettrico, importante per le loro operazioni. Hanno acquistato un sistema MSP-5 SPS su larga scala da Dr. Fritsch, che si prevede sarà la più grande macchina SPS commerciale per produzione e servizi di R&D in Nord America.
L'azienda ha messo in funzione con successo la struttura di Santa Ana a settembre 2024, avviando la nuova macchina MSP-5 SPS e trasferendo i cryomills. La forza lavoro è quasi raddoppiata durante il 2024, inclusa la loro prima assunzione dedicata alle vendite. Cal Nano ha ricevuto un premio R&D 100 per il lavoro collaborativo con il Sandia National Lab nella produzione di leghe ad alta entropia refrattarie (RHEAs).
È interessante notare che l'azienda ha ripagato tutto il debito residuo verso Omni-Lite Industries Canada Inc., diventando per la prima volta priva di debiti dopo circa 15 anni.
California Nanotechnologies (CANOF) reportó un crecimiento significativo y una expansión estratégica en 2024. Los desarrollos clave incluyen:
La empresa firmó un contrato de arrendamiento para una nueva instalación en Santa Ana, California, aproximadamente cinco veces más grande que su instalación existente en Cerritos, con una alta capacidad de amperaje eléctrico, importante para sus operaciones. Compraron un sistema MSP-5 SPS a gran escala de Dr. Fritsch, que se espera que sea la máquina SPS comercial más grande de América del Norte para producción y servicios de I+D.
La empresa puso en marcha con éxito la instalación de Santa Ana en septiembre de 2024, poniendo en funcionamiento la nueva máquina MSP-5 SPS y transfiriendo los cryomills. La fuerza laboral casi se duplicó durante 2024, incluyendo su primera contratación dedicada a las ventas. Cal Nano recibió un premio R&D 100 por su trabajo colaborativo con el Sandia National Lab en la fabricación de aleaciones de alta entropía refractarias (RHEAs).
Es notable que la empresa reembolsó toda la deuda pendiente a Omni-Lite Industries Canada Inc., convirtiéndose en libre de deudas por primera vez en aproximadamente 15 años.
캘리포니아 나노테크놀로지스 (CANOF)는 2024년에 상당한 성장과 전략적 확장을 보고했습니다. 주요 발전 사항은 다음과 같습니다:
회사는 현재 Cerritos 시설의 약 다섯 배에 달하는 고전력 전류 용량을 갖춘 캘리포니아주 산타아나의 새로운 시설에 대한 임대 계약을 체결했습니다. Dr. Fritsch로부터 대규모 MSP-5 SPS 시스템을 구입하여 북미에서 생산 및 R&D 서비스용으로 가장 큰 상업 SPS 기계가 될 것으로 예상됩니다.
회사는 2024년 9월 산타아나 시설을 성공적으로 가동하며 새로운 MSP-5 SPS 기계와 크라이옴밀을 이전했습니다. 2024년 동안 인력이 거의 두 배 증가했으며, 첫 전담 영업직원도 채용했습니다. Cal Nano는 기본적으로 고엔트로피 내화합금(RHEAs) 제조에서 Sandia National Lab과의 공동 작업을 통해 R&D 100 상을 수상했습니다.
특히, 회사는 Omni-Lite Industries Canada Inc.에 대한 모든 미결제 부채를 상환하여 약 15년 만에 처음으로 부채가 없는 상태가 되었습니다.
California Nanotechnologies (CANOF) a signalé une croissance significative et une expansion stratégique en 2024. Les développements clés incluent :
La société a signé un bail pour une nouvelle installation à Santa Ana, en Californie, qui est environ cinq fois plus grande que leur installation existante à Cerritos, présentant une haute capacité d'ampérage électrique, importante pour leurs opérations. Ils ont acheté un système MSP-5 SPS à grande échelle auprès de Dr. Fritsch, qui devrait être la plus grande machine SPS commerciale d'Amérique du Nord pour la production et les services de R&D.
La société a mis en service avec succès l'installation de Santa Ana en septembre 2024, mettant en ligne la nouvelle machine MSP-5 SPS et transférant les cryomills. La main-d'œuvre a presque doublé au cours de 2024, y compris leur première embauche de vente dédiée. Cal Nano a reçu un prix R&D 100 pour son travail collaboratif avec le Sandia National Lab dans la fabrication d'alliages réfractaires à haute entropie (RHEAs).
Il est notable que l'entreprise a remboursé toutes ses dettes envers Omni-Lite Industries Canada Inc., devenant pour la première fois sans dettes après environ 15 ans.
California Nanotechnologies (CANOF) berichtete 2024 von einem signifikanten Wachstum und einer strategischen Expansion. Zu den wichtigsten Entwicklungen gehören:
Das Unternehmen unterzeichnete einen Mietvertrag für eine neue Anlage in Santa Ana, Kalifornien, die etwa fünfmal größer ist als ihre bestehende Anlage in Cerritos und über eine hohe elektrische Stromstärke verfügt, die für ihre Betriebsabläufe wichtig ist. Sie kauften ein großangelegtes MSP-5 SPS-System von Dr. Fritsch, das voraussichtlich die größte kommerzielle SPS-Maschine in Nordamerika für Produktions- und F&E-Dienstleistungen sein wird.
Das Unternehmen nahm die Anlage in Santa Ana im September 2024 erfolgreich in Betrieb, brachte die neue MSP-5 SPS-Maschine zum Einsatz und übertrug Cryomills. Die Belegschaft verdoppelte sich nahezu während des Jahres 2024, einschließlich der ersten dedizierten Vertriebsanstellung. Cal Nano erhielt den R&D 100 Preis für die Zusammenarbeit mit dem Sandia National Lab in der Herstellung von hochentropischen Refraktärlegierungen (RHEAs).
Bemerkenswert ist, dass das Unternehmen alle ausstehenden Schulden an Omni-Lite Industries Canada Inc. zurückgezahlt hat und zum ersten Mal seit etwa 15 Jahren schuldenfrei ist.
- Expansion to new Santa Ana facility with 5x larger space
- Acquisition of North America's largest commercial SPS machine
- Successfully commissioned new facility in September 2024
- Doubled workforce including first dedicated sales hire
- Received R&D 100 award for RHEA manufacturing
- Achieved debt-free status after 15 years
- None.
Los Angeles, California--(Newsfile Corp. - January 2, 2025) - Eric Eyerman, Chief Executive Officer and Director of California Nanotechnologies Corp. ("Cal Nano" or the "Company") is pleased to provide an overview of the Company's accomplishments over the past calendar year.
A message from CEO and Director, Eric Eyerman:
2024 marked a year of substantial growth and strategic expansion in our manufacturing presence and capabilities. This built on the momentum from a successful 2023, which concluded with our first fundraise in almost ten years along with expanding R&D programs.
In February 2024, we took a significant step forward by signing a lease for a new facility in Santa Ana, California. This facility, which is approximately five times larger in square footage than our existing Cerritos-based facility, was designed to house our flagship advanced materials processing facility. An important advantage of this location was its high electrical amperage capacity, which is crucial for operating our cutting-edge spark plasma sintering (SPS) and cryomilling technologies.
A month later, we solidified our technological leadership with the purchase of a large-scale MSP-5 SPS system from Dr. Fritsch, destined for our new Santa Ana facility. This new SPS machine enables us to process larger part sizes and expand our capacity to accommodate new customer opportunities. At the present time, it is expected to be the largest SPS machine commercially available for production and R&D manufacturing services in North America. This purchase complemented earlier equipment purchases, including new large-scale cryomills, an additive manufacturing printer for SPS, and one of the most advanced lab-scale SPS machines.
As we continued to grow our Cerritos-based operations, the team was hard at work preparing everything for Santa Ana's inauguration. A major milestone was achieved in September 2024 with the successful commissioning of the new facility. The state-of-the-art MSP-5 SPS machine from Dr. Fritsch was brought online, along with cryomills transferred from our Cerritos location. This development marked a significant increase in our production capabilities and potential innovation for our clients.
None of this growth would have been possible without the dedication and exceptional efforts of our staff. Since the start of 2024, we have nearly doubled our team, welcoming many talented new hires who have proven to be valuable assets for the company. This included our first dedicated sales hire. Overall, their hard work, collaboration, and innovative thinking have been instrumental in the Santa Ana facility's launch and executing our goals. We are immensely proud of our team and grateful for their unwavering commitment to our mission.
The success of our partners and clients has been foundational to our work as well. We were proud to have received recognition with an R&D 100 award for our collaborative work with Sandia National Lab and Sal Rodriguez, a distinguished nuclear engineering researcher. This prestigious award celebrated our team's achievements in manufacturing refractory high-entropy alloys (RHEAs) at larger scales.
Furthermore, advancing Spark Plasma Sintering (SPS) and cryomilling technologies requires active involvement in industry conferences. The 2024 calendar year was no different and was our most active year to date. We contributed as speakers and leaders at seven key events, including the 5th annual International SPS workshop in France and the Advanced Materials Show in Pittsburgh. Engaging in these conferences highlights our dedication to innovation and reinforces how we are giving back to the technical community.
To view an enhanced version of this graphic, please visit:
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Closing out the year, we repaid all our outstanding debt to Omni-Lite Industries Canada Inc. As a result of this repayment, we are now operating on a debt-free basis for the first time in approximately 15 years. We were excited to share this news as it grants us greater flexibility in how we utilize our operational cash flow.
As we move forward into the future, these strategic investments and expansions in 2024 have created a strong foundation and strengthened our leadership in the advanced materials industry. We are looking forward to what lies ahead!
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. With our unique expertise in processing metallurgic powders into parts, global leaders trust us to help push the boundaries of applied material science. Headquartered in Greater Los Angeles, California, Cal Nano hosts advanced processing and testing machinery and capabilities across two manufacturing facilities for materials research and production needs. Our customers range from Fortune 500 companies to startups with programs spanning aerospace, renewable energy, defense, and semiconductors.
For further information, please contact:
California Nanotechnologies Corp.
Eric Eyerman, CEO
T: +1 (562) 991-5211
info@calnanocorp.com
Panolia Investor Relations Inc.
Brandon Chow, Principal & Founder
T: +1 (647) 598-8815
brandon@panoliair.com
Reader Advisory
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FAQ
What major facility expansion did CANOF announce in 2024?
What significant equipment did CANOF purchase in 2024?
When did CANOF commission their new Santa Ana facility?
How did CANOF's workforce change in 2024?
What significant debt milestone did CANOF achieve in 2024?
