California Nanotechnologies (TSE:CNO) has released an update.
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California Nanotechnologies Corp. (Cal Nano) has made a strategic $300,000 down payment for a state-of-the-art Spark Plasma Sintering (SPS) machine, positioning itself as the first in North America to offer such advanced manufacturing capabilities. The acquisition enables Cal Nano to accommodate larger part sizes and higher volume production, targeting growth sectors including aerospace and renewable energy. Cal Nano’s investment reflects its commitment to scaling from R&D to commercial production, with delivery of the new equipment anticipated for late 2024.
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