Home > News > Advanced Nano shares fall after customer's contract ends
April 30th, 2007
Advanced Nano shares fall after customer's contract ends
Abstract:
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.
Source:
wabusinessnews.com.au
Bookmark:
Investments/IPO's/Splits
Elsevier Business Intelligence (EBI) to Host 'IN3 Medical Device 360 Boston,' June 24-26, 2013 May 20th, 2013
Aspen Aerogels Announces $22.5 Million Private Placement May 18th, 2013
Harris & Harris Group Notes the Sale of a Second D-Wave Quantum Computer May 16th, 2013
Nanometrics Announces Upcoming Investor Events May 14th, 2013
Announcements
Whirlpools on the Nanoscale Could Multiply Magnetic Memory: At the Advanced Light Source, Berkeley Lab scientists join an international team to control spin orientation in magnetic nanodisks May 22nd, 2013
Bacterial spare parts filter antibiotic residue from groundwater May 22nd, 2013
UofL scientists uncover how grapefruits provide a secret weapon in medical drug delivery May 22nd, 2013
Atomic-Scale Investigations Solve Key Puzzle of LED Efficiency: MIT and Brookhaven Lab scientists use electron microscopy imaging techniques to settle a solid-state controversy and raise new experimental possibilities May 22nd, 2013
Financial Reports
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
Energy
Innovation could bring flexible solar cells, transistors, displays May 22nd, 2013
Researchers Stitch Defects into the World’s Thinnest Semiconductor May 22nd, 2013
Atomic-Scale Investigations Solve Key Puzzle of LED Efficiency: MIT and Brookhaven Lab scientists use electron microscopy imaging techniques to settle a solid-state controversy and raise new experimental possibilities May 22nd, 2013
Iran to Hold 1st Conference on Applications of Nanotechnology in Energy Industry May 21st, 2013