- California Nanotechnologies (CNO) has signed a memorandum of understanding with Fritsch Milling & Sizing Inc. on new business opportunities
- The agreement intends to bring a range of solutions for client industries and access markets that would have otherwise extended beyond the reach of one party on their own
- Both will share sales and marketing resources, equipment provisions for application development, and trials or demos to showcase larger program commitments
- California Nanotechnologies (CNO) opened trading at $0.10 per share
California Nanotechnologies (CNO) has signed a memorandum of understanding with Fritsch Milling & Sizing Inc. on new business opportunities.
The agreement intends to bring a range of solutions for client industries and access markets that would have otherwise extended beyond the reach of one party on their own.
Cal Nano and Fritsch will aim to offer competitive, cost-effective, and time-sensitive proposals for a complete portfolio of services in material grinding, milling, particle size reduction, mechano-chemistry, and mechanical alloying.
Both will share sales and marketing resources, equipment provisions for application development, and trials or demos to showcase larger program commitments.
Fritsch’s CEO, Melissa Fauth explained that they will collectively look to target new customers with both development services and scalability to existing applications.
“Fritsch has been working with Cal Nano for several years and recognizes their strong reputation for expedient and high-quality services. As an entity that values continuous improvement along with new discoveries our combined forces will help to meet the evolving customer needs in materials science.”
The company’s CEO, Eric Eyerman added that Fritsch shares his team’s vision for the advanced materials space.
“Working together, we expect to leverage our collective expertise and resources to drive new business development opportunities. Cal Nano is in a unique position to offer services ranging from the research and development phase all the way to commercial-scale production, and believe this flexibility is important for our growth.”
Fritsch is a manufacturer of application-oriented laboratory instruments.
California Nanotechnologies is involved in the production, as well as research and development of nanostructured components and materials for the aerospace, defense, automotive, and medical industries.
California Nanotechnologies (CNO) opened trading at $0.10 per share.
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