• Company announces $157K revenue for Q1

LOS ANGELES, CA / ACCESSWIRE / July 31, 2020 / California Nanotechnologies Corp. ('Cal Nano' or the 'Company')(TSXV:CNO)(OTC PINK:CANOF) is pleased to announce that revenue for the quarter ending May, 30, 2020 was $157,537. This represents an increase of 20% from Q1 F2020. EPS were nil in Q1 F2020 and Q1 F2021. The full financial statements available at sedar.com.

While revenue was up, our results were impacted due to delays in certain programs along with SPS service & installation trips due to the COVID-19 pandemic. 'These programs have been pushed to Q2/Q3 F2021 so we are expecting more positive results for the upcoming quarters' stated CEO Eric Eyerman.

For further information, please contact:

Eric Eyerman, CEO
T: (562)-991-5211
E: info@calnanocorp.com
W: www.calnanocorp.com

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SOURCE: California Nanotechnologies Corp