- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
April 30th, 2007
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.
|Related News Press|
Forge Nano raises $20 million in Series A Funding: Nano coating technology innovator Forge Nano will use funding to expand manufacturing capacity and grow Lithium-Ion battery opportunities November 3rd, 2016
UTSA study describes new minimally invasive device to treat cancer and other illnesses: Medicine diffusion capsule could locally treat multiple ailments and diseases over several weeks December 3rd, 2016
Novel Electrode Structure Provides New Promise for Lithium-Sulfur Batteries December 3rd, 2016
Nanometrics Reports Second Quarter 2016 Financial Results July 26th, 2016
Nanobiotix revenue for Q2 2016 July 14th, 2016
Throwing new light on printed organic solar cells December 1st, 2016