California Nano signs LOI for commercial production

Executive Summary

• California Nanotechnologies Corp. entered a non‑binding letter of intent to provide approximately $1.0 million of spark plasma sintering (SPS) commercial production services for high‑performance military brakes, commencing in calendar year 2026.
• The agreement marks the company’s first committed SPS manufacturing work for a defense application and extends an existing customer relationship that began in 2019 as R&D support.
• Services will be performed at the Santa Ana facility using the MSP‑5 SPS machine over an estimated 18–24 month production period.

Key Details

• Parties: California Nanotechnologies Corp. (service provider) and a Nevada‑based company specializing in ultrahigh‑temperature ceramic matrix composites (client).
• Scope of Services: Spark plasma sintering (SPS) commercial production for high‑performance military brake components.
• Value: Approximately $1.0 million USD in services.
• Timeline: Production to start in calendar year 2026; execution period projected at 18–24 months.
• Location: Services to be performed at California Nanotechnologies’ Santa Ana facility using the MSP‑5 SPS machine and ancillary equipment.
• Background: Client has been an R&D customer since 2019; this LOI transitions the relationship toward commercialization.
• Strategic Significance: First committed SPS manufacturing work for a defense application, demonstrating expanded market traction and capability to support larger‑scale commercial production.

Notable Quotes

“We continue to build on our manufacturing traction,” said CEO 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.”