Mr. Eric Eyerman reports

CALIFORNIA NANOTECHNOLOGIES ANNOUNCES LARGE-SCALE PRODUCTION ORDER FOR ADVANCED SMALL MODULAR REACTOR COMPONENTS

California Nanotechnologies Corp. has received its single largest purchase order in the company's history from an existing leading United States-based advanced nuclear energy customer for boron-carbide (B4C) reactor control components. These components are expected to be used in a single small modular reactor (SMR) program and follows previous B4C component orders used in another customer reactor, which recently achieved criticality.

"This award is an important milestone for Cal Nano and demonstrates our ability to transition development programs into a larger-scale production mandate," said Eric Eyerman, chief executive officer. "We believe our ability to quickly transform concepts into high-quality finished components, combined with scalable and domestic manufacturing capabilities, positions us as a strategic partner for next-generation reactor developers. We look forward to helping these players in their ambitious efforts to accelerate the deployment of clean, reliable nuclear power for customers worldwide."

The order represents an increase in scope from prior work and marks a key development in Cal Nano's strategy to expand from advanced materials development into larger-scale production within the fast-growing nuclear energy industry. The purchase order is expected to be delivered in full by the end of the company's current fiscal year.

Cal Nano is executing a focused strategy to become a predominant supplier of advanced material components for the fission and fusion reactor sectors. The company is targeting the supply of specific, high-value consumable components, targeting neutron-absorbing control and shielding applications. These components typically require specialized powder processing, densification, machining, quality assurance and manufacturing capabilities.

Cal Nano is currently engaged with multiple companies in the industry to provide advanced materials solutions for critical reactor systems requiring United States domestic supply chains.

This company's growing nuclear business complements its existing client base across other industries including aerospace, defence, energy, electronics and semiconductors who rely on Cal Nano's Spark Plasma Sintering and cryomilling technologies and advanced materials development expertise.

About California Nanotechnologies Corp.

At Cal Nano, the company envisions a world where its advanced technologies help make the most innovative products on this planet and beyond. With the company's unique expertise in processing metallic powders into parts, global leaders trust the company to help push the boundaries of applied materials science. Headquartered in Greater Los Angeles, Calif., Cal Nano hosts advanced processing and testing machinery and capabilities across two manufacturing facilities for materials research and production needs. The company's customers range from Fortune 500 companies to start-ups, with programs spanning aerospace, renewable energy, defence and semiconductors.

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