California Nanotechnologies Receives Largest Orders In The Company's History
California Nanotechnologies Corp. (TSXV:CNO) (OTC PINK:CANOF) announced on October 19, 2021, it received its largest order in company history, valued at US$245,000, for prototype parts utilizing its spark plasma sintering (SPS) technology. This order stems from the delivery of over 50 advanced material wafers to a customer developing novel thermoelectric devices, aimed at improving energy efficiency. CEO Eric Eyerman emphasized the potential for commercialization, pointing to a significant market opportunity in thermoelectric devices, which could transform CalNano's growth.
- Largest order in company history at US$245,000.
- Potential for commercialization could transform the company.
- Enhances efficiency in thermoelectric devices, tapping into a large market.
- None.
- US
$245,000 in orders for prototype parts for delivery in 2021 - Commercialization of the prototype offers material potential future upside
- CalNano's SPS expertise propels technological progress in green energy
LOS ANGELES, CA / ACCESSWIRE / October 21, 2021 / California Nanotechnologies Corp. (TSXV:CNO) (OTC PINK:CANOF) ("Cal Nano" or the "Company") is pleased to announce that it has received orders on 10/19/2021 of US
In the quarter ending May 31, CalNano delivered over 50 wafers of an advanced material to a customer that is working on novel thermoelectric devices. Thermoelectric devices are used to generate electricity from waste heat. The efficiency of the generation process is critical to their performance. The advanced material wafers designed and fabricated by CalNano are incorporated into the customer's device in order to enhance the efficiency of its green electrical generation process.
These sample wafers were the subject of customer analysis and post-processing. Following this work by the customer, Cal Nano has received the current US
"The receipt of these expanded orders is a key step in our march toward the commercialization of this product." stated CEO Eric Eyerman. "The market for thermoelectric devices is very large and materials processed via SPS are showing significant promise in improving their efficiency. Commercialization of this product could have a transformational impact on Cal Nano."
For further information, please contact:
Eric Eyerman, CEO
T: (562)-991-5211
E: info@calnanocorp.com
W: www.calnanocorp.com
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SOURCE: California Nanotechnologies Corp.
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FAQ
What is the significance of CalNano's recent US$245,000 order?
When did California Nanotechnologies receive the US$245,000 order?
How will CalNano's prototype parts impact thermoelectric devices?
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