Mr. Eric Eyerman reports

CALIFORNIA NANOTECHNOLOGIES ANNOUNCES NON-BINDING LOI FOR COMMERCIAL PRODUCTION OF HIGH-PERFORMANCE MILITARY BRAKES

California Nanotechnologies Corp. has entered into a non-binding letter of intent (LOI) with a Nevada-based company specializing in the development and manufacturing of ultrahigh-temperature ceramic matrix composites. Under the LOI, California Nanotechnologies is to provide approximately $1.0-million (U.S.) worth of spark plasma sintering (SPS) commercial production services starting in calendar year 2026.

"We continue to build on our manufacturing traction," stated chief executive officer Eric Eyerman. "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."

The client started its relationship with California Nanotechnologies in 2019 as an R&D (research and development) customer and its products are now moving toward commercialization. The manufacturing services are expected to be executed out of California Nanotechnologies's Santa Ana facility with the MSP-5 SPS machine along with ancillary equipment and processing over an 18-to-24-month period.

California Nanotechnologies has positioned itself as a full-service manufacturing service provider, offering customers the ability to move from R&D to pilot production and eventually to larger-scale commercial production.

About California Nanotechnologies Corp.

California Nanotechnologies envisions a world in which advanced technologies are used to help make the most innovative products on this planet and beyond. With its unique expertise in processing metallurgic powders into parts, global leaders trust the company to help push the boundaries of applied material science. Headquartered in greater Los Angeles, Calif., California Nanotechnologies hosts advanced processing and testing machinery and capabilities across two manufacturing facilities for materials research and production needs. Its customers range from Fortune 500 companies to start-ups, with programs spanning aerospace, renewable energy, defence and semiconductors.

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