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.