- California Nanotechnologies (TSXV:CNO) signed a non-binding letter of intent with a Nevada-based specialist in ceramic matrix composites, which will see the company deliver about US$1 million worth of Spark Plasma Sintering in 2026 for the commercial production of military brake systems
- California Nanotechnologies helps clients from startups to Fortune 500 companies to process metallurgic powders into parts spanning the aerospace, renewable energy, defense and semiconductor industries
- The profitable growth stock has added 381.25 per cent year-over-year
California Nanotechnologies (TSXV:CNO), a full-scale advanced materials manufacturer, signed a non-binding letter of intent with a Nevada-based specialist in ceramic matrix composites, which will see the company deliver about US$1 million worth of Spark Plasma Sintering (SPS) in 2026 for the commercial production of military brake systems.
The companies’ relationship dates back to 2019, when the client was in the research and development stage of its operations. With its products now moving towards commercialization, Cal Nano expects to oversee manufacturing at its Santa Ana facility, in addition to ancillary equipment and processing over an 18-to-24-month period.
Cal Nano has grown revenue from US$790,000 in fiscal 2021 to US$6.22 million in fiscal 2025, while generating US$380,000 in overall net income over the period, making its stock’s more than 79 per cent loss year-over-year a solid candidate for a price-value dislocation.
Management commentary
“We continue to build on our manufacturing traction,” Eric Eyerman, chief executive officer of California Nanotechnologies, said in Friday’s news release. “This is our first commitment for such work on our SPS machines and showcases the need for advanced and higher-scale manufacturing techniques. There are many different applications addressed by our customers’ end products, and in this case, it will be for a high-performance military brake application.”
About California Nanotechnologies
California Nanotechnologies helps clients from startups to Fortune 500 companies to process metallurgic powders into parts spanning the aerospace, renewable energy, defense and semiconductor industries. The company operates out of two manufacturing facilities in Los Angeles.
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