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California Nanotechnologies Advances Commercial Production with Two Purchase Orders and ISO 9001 Certification

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California Nanotechnologies (CANOF) has secured two significant purchase orders and achieved ISO 9001 certification, marking its transition from R&D to commercial production. The company received orders from Oerlikon Metco and AbTech Industries totaling US$115,000, to be delivered within two months.

The first order involves cryomilling 930 lbs of specialty metallic powder for advanced coating applications, while the second requires particle size reduction of 8,100 lbs of polymer-based material for water filtration systems. The newly acquired ISO 9001 certification covers the company's Spark Plasma Sintering technologies at both California facilities.

While Cal Nano reports a temporary slowdown in green steel R&D activities affecting Q1, with potential impacts in subsequent quarters, the company expects R&D activity to recover later in 2025. The company is actively diversifying its revenue streams through commercial production contracts.

California Nanotechnologies (CANOF) ha ottenuto due importanti ordini di acquisto e ha raggiunto la certificazione ISO 9001, segnando la sua transizione dalla ricerca e sviluppo alla produzione commerciale. L'azienda ha ricevuto ordini da Oerlikon Metco e AbTech Industries per un totale di 115.000 dollari USA, da consegnare entro due mesi.

Il primo ordine riguarda la criomacinazione di 930 libbre di polvere metallica speciale per applicazioni avanzate di rivestimento, mentre il secondo richiede la riduzione della dimensione delle particelle di 8.100 libbre di materiale polimerico per sistemi di filtrazione dell'acqua. La nuova certificazione ISO 9001 copre le tecnologie di Spark Plasma Sintering dell'azienda in entrambe le sedi della California.

Nonostante Cal Nano segnali una temporanea rallentamento nelle attività di R&S sull'acciaio verde che ha influenzato il primo trimestre, con possibili ripercussioni nei trimestri successivi, l'azienda prevede un recupero delle attività di R&S entro la fine del 2025. L'azienda sta attivamente diversificando le proprie fonti di reddito attraverso contratti di produzione commerciale.

California Nanotechnologies (CANOF) ha asegurado dos importantes órdenes de compra y ha obtenido la certificación ISO 9001, marcando su transición de I+D a producción comercial. La compañía recibió pedidos de Oerlikon Metco y AbTech Industries por un total de 115.000 dólares estadounidenses, con entrega prevista en dos meses.

El primer pedido implica la criomolienda de 930 libras de polvo metálico especializado para aplicaciones avanzadas de recubrimiento, mientras que el segundo requiere la reducción del tamaño de partículas de 8.100 libras de material polimérico para sistemas de filtración de agua. La recién obtenida certificación ISO 9001 cubre las tecnologías de sinterización por plasma de chispa de la empresa en ambas instalaciones de California.

Aunque Cal Nano reporta una desaceleración temporal en las actividades de I+D en acero verde que afectó el primer trimestre, con posibles impactos en trimestres posteriores, la empresa espera que la actividad de I+D se recupere a finales de 2025. La compañía está diversificando activamente sus fuentes de ingresos mediante contratos de producción comercial.

California Nanotechnologies (CANOF)는 두 건의 주요 구매 주문을 확보하고 ISO 9001 인증을 획득하여 연구개발(R&D)에서 상업 생산으로의 전환을 알렸습니다. 회사는 Oerlikon MetcoAbTech Industries로부터 총 115,000달러 상당의 주문을 받았으며, 이 주문은 두 달 내에 납품될 예정입니다.

첫 번째 주문은 첨단 코팅 적용을 위한 특수 금속 분말 930파운드의 크라이오밀링을 포함하며, 두 번째 주문은 수처리 필터 시스템용 폴리머 기반 소재 8,100파운드의 입자 크기 축소를 요구합니다. 새로 획득한 ISO 9001 인증은 캘리포니아 두 시설에서 회사의 스파크 플라즈마 소결 기술을 포함합니다.

Cal Nano는 1분기에 영향을 미친 친환경 강철 R&D 활동의 일시적 둔화를 보고했으며, 이후 분기에도 영향이 있을 수 있으나, 2025년 후반에는 R&D 활동이 회복될 것으로 기대하고 있습니다. 회사는 상업 생산 계약을 통해 수익원을 적극적으로 다각화하고 있습니다.

California Nanotechnologies (CANOF) a obtenu deux commandes importantes et la certification ISO 9001, marquant sa transition de la R&D à la production commerciale. L'entreprise a reçu des commandes de Oerlikon Metco et AbTech Industries pour un total de 115 000 dollars US, à livrer dans les deux mois.

La première commande concerne le cryobroyage de 930 livres de poudre métallique spécialisée pour des applications avancées de revêtement, tandis que la seconde nécessite une réduction de la taille des particules de 8 100 livres de matériau polymère destiné aux systèmes de filtration d'eau. La nouvelle certification ISO 9001 couvre les technologies de frittage par plasma d'étincelles de l'entreprise dans ses deux sites californiens.

Bien que Cal Nano signale un ralentissement temporaire des activités de R&D sur l'acier vert affectant le premier trimestre, avec des impacts possibles sur les trimestres suivants, l'entreprise prévoit une reprise des activités de R&D d'ici la fin 2025. Elle diversifie activement ses sources de revenus grâce à des contrats de production commerciale.

California Nanotechnologies (CANOF) hat zwei bedeutende Aufträge erhalten und die ISO 9001-Zertifizierung erreicht, was den Übergang von Forschung und Entwicklung zur kommerziellen Produktion markiert. Das Unternehmen erhielt Bestellungen von Oerlikon Metco und AbTech Industries im Gesamtwert von 115.000 US-Dollar, die innerhalb von zwei Monaten geliefert werden sollen.

Der erste Auftrag umfasst das Kryomahlen von 930 Pfund Spezialmetallpulver für fortschrittliche Beschichtungsanwendungen, während der zweite die Partikelgrößenreduzierung von 8.100 Pfund polymerbasiertem Material für Wasserfiltersysteme erfordert. Die neu erworbene ISO 9001-Zertifizierung deckt die Spark-Plasma-Sintern-Technologien des Unternehmens an beiden Standorten in Kalifornien ab.

Obwohl Cal Nano einen vorübergehenden Rückgang der F&E-Aktivitäten im Bereich grüner Stahl im ersten Quartal meldet, der sich auf die folgenden Quartale auswirken könnte, erwartet das Unternehmen eine Erholung der F&E-Aktivitäten gegen Ende 2025. Das Unternehmen diversifiziert aktiv seine Einnahmequellen durch kommerzielle Produktionsverträge.

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Los Angeles, California--(Newsfile Corp. - April 21, 2025) - California Nanotechnologies Corp. (TSXV: CNO) (OTC Pink: CANOF) ("Cal Nano" or the "Company") is pleased to announce it has received two purchase orders from Oerlikon Metco (US) Inc., a subsidiary of OC Oerlikon Corporation ("Oerlikon") (SWX: OERL), and AbTech Industries Inc. ("AbTech") to cryomill materials for commercial production. These orders reinforce the growing demand for Cal Nano's advanced materials manufacturing services.

In addition, the Company has successfully completed its ISO 9001 Quality Management Systems certification, a requirement to qualify for a broader scope of potential commercial production contracts. This certification is for the Company's Spark Plasma Sintering technologies and spans both its manufacturing locations in Cerritos and Santa Ana, California.

These initial purchase orders are valued at a total of approximately US$115,000 and are expected to be fully delivered within the next two months. The Company currently expects that both customers will release additional orders on an ongoing basis for production work.

"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."

The first purchase order from Oerlikon involves cryomilling 930 lbs. of a specialty metallic powder for an advanced coating application. The second set of orders from AbTech is to perform particle size reduction on 8,100 lbs. of a polymer-based material. The resulting material will be used in a proprietary media that will help filter out contaminants from water sources such as industrial discharge, wastewater, and stormwater.

The ISO 9001 quality certification follows months of preparatory work and showcases Cal Nano's commitment to quality management systems and continuous improvement across all aspects of its operations. This certification is required for bidding on a wider range of larger commercial production contracts across various industries.

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.

Cal Nano has positioned itself as a full-service manufacturing service provider, offering customers the ability to move from R&D to pilot production and eventually to larger-scale commercial production.

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

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: future financial results, including anticipated profitability and/or lack thereof; statements about future plans, including statements about the planned expansion of the Company's manufacturing capacity, and new sites for the Company's production and headquarters; demand for the Company's services by current and future customers, including existing and future orders for the Company's SPS equipment and the anticipated revenue therefrom; and 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; expansion into the new manufacturing facility; a significant change in demand for the Company's services and products; industry conditions, governmental regulation, including environmental regulation; the effects of product development and need for continued technological change; the effect of government regulation and compliance on the Corporation and the industry; research and development risks; reliance on key personnel; operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk, risk of technological or scientific obsolescence; dependence of technical infrastructure; 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.sedarplus.ca. 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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249071

FAQ

What is the value and timeline of CANOF's recent purchase orders from Oerlikon and AbTech?

The purchase orders total US$115,000 and are scheduled for delivery within two months, with expectations of additional ongoing orders from both customers.

How will the ISO 9001 certification benefit California Nanotechnologies' operations?

The certification enables Cal Nano to bid on larger commercial production contracts and demonstrates their quality management systems across their Cerritos and Santa Ana facilities.

What specific materials will CANOF process in their new commercial orders?

CANOF will cryomill 930 lbs of specialty metallic powder for Oerlikon and reduce particle size of 8,100 lbs of polymer-based material for AbTech's water filtration systems.

How is CANOF's green steel customer activity affecting their 2025 financial outlook?

A slowdown in green steel R&D work will impact Q1 2025 results, with potential effects in subsequent quarters, though activity is expected to rebound later in 2025.

What transition is California Nanotechnologies (CANOF) currently undergoing in 2025?

CANOF is transitioning from a pure R&D manufacturing service provider to a commercial production company, now serving customers' commercial applications while maintaining R&D capabilities.
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