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April 12th, 2007

Advanced Nano hopes JV will boost sales

Welshpool-based Advanced Nanotechnology Ltd will establish a joint venture company with alternative energy technology developer Energenics Holdings Pte Ltd, after a disappointing March quarter led to a sales and marketing restructure.

While sales were up 11 per cent for the first three quarters of the 2007 financial year compared to the previous corresponding period, the company was unable to continue the substantial revenue catch-up it had experienced in the December quarter, where sales totalled $1.4 million.


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