Home > News > Advanced Nano shares fall after customer's contract ends
April 30th, 2007
Advanced Nano shares fall after customer's contract ends
Shares in Welshpool-based Advanced Nanotechnology Ltd fell by 6.25 per cent today after UK-based customer Oxonica plc announced the end of its supply contract with Turkish oil company Petrol Ofisi AS.
ANL supplied Oxonica with diesel fuel combustion improver Envirox to help it meet obligations under the $16.6 million agreement with Petrol Ofisi, having received purchase orders of $850,000 for the year ended December 2006.
But sales had started drying up in 2007, with total ANL sales for the March quarter totalling $595,000, down from the $1.4 million recorded in the December quarter of 2006.
The company today announced it expected a significant reduction in future orders from Oxonica following the announcement, but its agreement with Singapore-based alternative energy technology developer Energenics Holdings Pte Ltd would compensate for the sales reduction.
Dr. Ben J. Lipps designated as Chairman of the Management Board and Chief Executive Officer of Nanostart-holding MagForce AG June 17th, 2013
Harris & Harris Group Notes Carl Zeiss' Planned Acquisition of Xradia June 13th, 2013
Long Island Capital Alliance Announces Participants for Biotech Technology Transfer Capital Forum: Event to Be Held on June 14 in Collaboration With Cold Spring Harbor Laboratory June 8th, 2013
Iran to Hold Int'l Forum on Nanotechnology Economy (IFNE2013) May 30th, 2013
Pioneering breakthrough of chemical nanoengineering to design drugs controlled by light June 18th, 2013
Study Shows How the Nanog Protein Promotes Growth of Head and Neck Cancer June 18th, 2013
New Method to Synthesize Zinc Oxide Nanoparticles with High Catalytic Activity June 18th, 2013
Production of Polyaniline Biosensors Modified with Conductive Polymer Composites June 18th, 2013
Nanobiotix Revenue for the 1st quarter of 2013 May 15th, 2013
Harris & Harris Group Reports Financial Statements as of March 31, 2013 May 10th, 2013
Arrowhead Reports Fiscal 2013 Second Quarter Financial Results - Conference Call Today at 4:30 p.m. Eastern Time May 9th, 2013
Arrowhead to Report Fiscal 2013 Second Quarter Financial Results - Conference Call Scheduled for Thursday, May 9, 2013 May 2nd, 2013
Polymer-coated catalyst protects "artificial leaf" June 17th, 2013
Efficient and inexpensive: Researchers develop catalyst material for fuel cells: Platinum-nickel nano-octahedra save 90 percent platinum June 17th, 2013
Nanoparticles helping to recover more oil June 15th, 2013
Nanoparticle Opens the Door to Clean-Energy Alternatives June 14th, 2013