California Nanotechnologies Announces Q2/FY2022 Results

• Company announces $168K revenue for Q2/FY2022
• Thermoelectrics customer increases orders

LOS ANGELES, CA / ACCESSWIRE / November 1, 2021 / California Nanotechnologies Corp. (TSXV:CNO)(OTC PINK:CANOF) ("Cal Nano" or the "Company") is pleased to announce that revenue for the quarter ending August 31, 2021 was $168,155. This is compared to $287,768 for Q2/F2021. EPS were nil in both Q2/F2021 and Q2/F2022. The full financial statements are available on SEDAR and the Company website.

During Q2 F2022, Cal Nano has received numerous orders that is expected to positively contribute to a strong Q3 performance. Cal Nano's thermoelectric customer has increased the value of the previously-announced SPS production orders from $245,000 to $290,000. The increase is associated with expediting the previous order as well as increasing the quantity of wafers ordered. Cal Nano will continue to fulfill its current backlog, in time, for current programs and orders for its aerospace and US National Labs customers while preparing for this production run.

For further information, please contact:

Eric Eyerman, CEO
T: (562)-991-5211
E: [email protected]
W: www.calnanocorp.com

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SOURCE: California Nanotechnologies Corp