Advance Nanotek sees unexpected increase in sales orders

Company News

by Rachael Jones

Advance Nanotek (ASX:ANO) has reported an uplift in orders from the United States covering their first quarter for financial year 2019.

They believe the reason for the unexpected significant increase in orders is the result of the preliminary negotiations held with a number of sunscreen manufacturers in the US during recent meetings.

They company's primary commercialised products include a transparent zinc oxide based broad spectrum UV absorber for use in the suncare and cosmetics sectors (ZinClear®) and an aluminium oxide pigment (Alusion®).

The company plans to visit a number of potential new distributors in Europe in early June.

Shares in Advance Nanotek (ASX:ANO) are trading 14.9 per cent higher at $6.70.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.