Advance Nanotek begins production trials

Company News

by Katrina Bullock

Zinc oxide and aluminium oxide production and distribution company, Advance Nanotek (ASX:ANO) has started production trials on two new ovens.

The company says they are on track to begin full scale production by 1 May 2019.

Despite some minor setbacks, the anticipated production capacity is expected to exceed sales orders from July 2019.

This comes as the company finalises negotiations with toothpaste manufacturers and receives its first distribution order of 120,000 tubes.

Shares in Advance Nanotek (ASX:ANO) closed 16.23 per cent higher to $4.44 yesterday.
 

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.