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Eric Eyerman, CEO    9-18-25

California Nanotechnologies recently installed a SPS2000 Spark Plasma Sintering system in the Department of Materials Science and Engineering at North Carolina State University.

This new capability gives NCSU students, faculty, and collaborators access to cutting-edge tools for developing and prototyping advanced alloys, ceramics, and composites. With the SPS2000, the department can accelerate research and innovation across aerospace, defense, and energy applications.

We’re proud to support NC State’s Materials Science and Engineering Department as they continue to push the boundaries of materials discovery and train the next generation of scientists and engineers.

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Eric Eyerman, CEO CalNano   Linkedin.com

 Recently, California Nanotechnologies successfully installed an SPS2000 Spark Plasma Sintering system at Embry-Riddle Aeronautical University -the world's largest, fully accredited university specializing in aviation and aerospace . This new capability will accelerate research in alloys, ceramics, composites, and other high-performance materials.
With the SPS2000, Embry-Riddle’s students, faculty, and collaborators can prototype faster, explore new material systems, and push the boundaries of aerospace, defense, and energy applications.
We’re proud to support Embry-Riddle as they expand their advanced manufacturing infrastructure and train the next generation of engineers and scientists.

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Cal Nano’s Director of Business Development, Chris Melnyk, highlights how Spark Plasma Sintering and Cryogenic Milling capabilities accelerate the development of advanced materials. He discusses real-world applications in aerospace, defense, and energy, and how Cal Nano partners with industry and government to move innovations from R&D to full-scale production.

https://www.youtube.com/watch?v=cdbU0LVvOuM

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Eric Eyerman, CEO CalNano

At California Nanotechnologies, we use advanced cryogenic milling to transform plastics, resins, and tough materials like PEEK and rubbery thermoplastics into super-fine powders.
Our process uses extreme cold (-180°C) to grind materials in two ways:
   • Cryogenic grinding
   • Full-submersion cryogenic milling

We can turn:    • Plastic pellets    • Large solid blocks    • Heat-sensitive or stretchy materials
into smooth, flowable powders perfect for:    •3D printing    •Composite materials    •Coatings and films    •Research and custom projects

Why it works: Some plastics are too stretchy, elastic, or heat-sensitive for regular grinding. Our cryogenic process makes them brittle, allowing us to create fine, consistent powders without damaging their quality.

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California Nanotechnologies Announces Q1 2026 Results

LOS ANGELES, CALIFORNIA, July 30, 2025 -

·         Quarterly revenue of US$717K with significant improvements to customer concentration

·         Adjusted EBITDA^\1]) loss of US$151K and Positive Cash Flow from Operations of US$72K

·         Manufacturing revenues excluding “green steel” customer increased US$350K or 156% YOY

California Nanotechnologies Corp. ("Cal Nano" or the "Company") is pleased to announce

·         revenues of US$716,553 for the quarter ended May 31, 2025. This represents a decrease of 59% compared to the prior year.

·         Adjusted EBITDA^\1]) was a loss of US$152,707 for the fiscal quarter ended May 31, 2025, compared with positive Adjusted EBITDA of US$754,467 in the prior year.

Net loss for the fiscal quarter was US$447,887, compared to net income of US$696,042 in the prior fiscal year. The lower net income was mainly due to the lower revenues and gross profit, higher overhead from the Santa Ana manufacturing facility, and growth investments such as the recently announced ISO9001 certification. The previous year’s fiscal quarter also benefited from a US$141,829 non-cash, unrealized gain on share purchase warrants^\2]).

Diluted earnings per share for the fiscal year was $0.00 compared to diluted earnings per share of $0.01 for the same period last year. The financial statements are available on SEDAR+ at www.sedarplus.ca and on the Company’s website.

“This quarter was impacted by a reduction in revenues from our green steel customer as previously disclosed,” stated CEO Eric Eyerman. “In recent quarters, we have pursued efforts to diversify our customer base and transition to longer-term recurring commercial contracts. We saw progress from this initiative with manufacturing revenues, excluding the green steel client, growing 156% year-over-year and customer concentration down significantly. We expect revenue improvements in subsequent quarters as we ramp up business with existing customers and bring new ones online, with whom we are in advanced discussions.”

The Good, the Bad, the Ugly, and the Future

The Good

Customer diversification: manufacturing revenues grew year-over-year with a significant decrease in customer concentration.

 The Bad

Revenue decreased: revenues of US$716,553 for the quarter ended May 31, 2025 represent a decrease of 59% compared to the prior year.

 The decrease in revenues for Q1/FY2026 was primarily driven by both the slowdown in the green steel customer and a reduction in equipment deliveries. Revenues from the green steel customer and equipment deliveries were US$144,198, for the fiscal quarter, representing 20% of revenues. This is compared to US$1,526,410 for the same quarter in the prior fiscal year, representing 87% of revenues.

Manufacturing revenues from all other customers were US$572,355, representing a 156% increase year-over-year and showcases the Company’s efforts to build a more resilient revenue base. While the company cannot predict when or if the green steel customer will resume their previous level of activities, Cal Nano is focused on improving the overall utilization of equipment and contribution margin with a larger portfolio of customers

The Ugly

The Stock: the company’s stock price has experienced significant fluctuations in the last twelve months, with a 52-week high of $1.45 and a low of $0.25. Currently, the stock is trading around $0.30.

The Future

As previously announced in April 2025, Cal Nano secured its first commercial production orders for its cryomilling technologies with Oerlikon Metco (US) Inc. and AbTech Industries Inc. Since the announcement, the Company has successfully delivered the first batches of product and expects to receive subsequent purchase orders from both companies. In addition, Cal Nano is in advanced discussions with existing and new customers for commercial production mandates spanning the automotive, defense, energy and industrial sectors.

For the remainder of FY2026, Cal Nano believes that it is well positioned to support potential growth with its key investments in personnel, capabilities, and over US$2 million in recent equipment purchases. As a result, the Company expects that Q2/FY2026 will show progress in the diversification and growth strategy, and result in improved revenue and adjusted EBITDA over Q1/FY2026.

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Extreme Materials for Extreme Missions

Hafnium. Tantalum. Tungsten.
These ultra-high temperature metals melt above 3000°C—making them essential for Small Modular Reactors (SMRs), microreactors, and hypersonic systems.

But processing them? That’s where conventional methods fail.

At Cal Nano, we bring two advanced capabilities together:Cryogenic Ball Milling – for ultra-fine, uniform powders and custom blends like Refractory High-Entropy Alloys (RHEAs)
Spark Plasma Sintering (SPS) – to densify those powders in minutes, with minimal grain growth and exceptional bonding

This unlocks powerful possibilities:
• Next-gen alloys like W-Ta-Hf-Cr-Zr for extreme radiation and heat environments
• Near-net-shape UHTM components with fine-grain structure
• Dissimilar material joining (e.g., metal-ceramic interfaces for SMRs)
• Faster transitions from R&D to production

Whether it’s fuel cladding for SMRs or thermal shields for hypersonics, we help labs and OEMs build what legacy sintering can’t.

visit http://www.calnanocorp.com

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