Company News

Nanalysis Provides Corporate Update

Preliminary Q3 Revenue Expected to be at least $6.8 million

Presenting at LD Micro Conference on Oct. 25th

Nanalysis Scientific Corp. ("the Company", TSXV: NSCI OTCQX: NSCIF FRA: 1N1 ), a leader in portable NMR machines and MRI technology for healthcare and industrial applications, provides a corporate update on operations.

(CNW Group/Nanalysis Scientific Corp.)

"We have seen a strong return to our growth trajectory in our core NMR business," said Sean Krakiwsky, Founder and CEO of Nanalysis.  "We believe we have overcome the issues that limited our growth in the second quarter and have resumed progress with our new sales initiatives.  Additionally, we continue the expedited phase-in portion of the CATSA service contract which we expect to have material billings in the fourth quarter and will continue to ramp to the full run rate into 2023. Overall, we continue to invest in our strategic initiatives while managing our cash resources diligently.

Financial Highlights (unaudited):

  • The Company looks to report gross revenues for the third quarter ended September 30, 2022, of at least $6.8 million , representing an increase of over 100% year over year.

Recent operational highlights during the third quarter of 2022 include:

  • Benchtop NMR: Both the 100MHz and 60MHz delivered strong results in terms of sales, shipped units, and average sales price.  This includes shipping a record number of 20 100MHz units in Q3 2022.
  • MRI / Medical Imaging: Nanalysis continues to be active in medical imaging and was awarded a contract win of C$1.1 million for a custom MRI system from customer based in France .
  • K'Prime 3 rd Party Equipment Sales: This business continues to be steady.
  • Security Service/CATSA: We continue to execute successfully on the phase-in period of this contract and expect to "go live" in Alberta airports on November 1, 2022 . We expect billings for this service in the fourth quarter of this year.
  • High Field NMR/Quad Systems : The company continues to move towards a full high-field NMR product launch with Quad Systems. There have been delays in the completion of the full suite of modules, but revenue generation has begun related to specific component sales. We expect meaningful revenue to commence at Quad in the fourth quarter of 2022, with full product roll out and material revenue to start in 2023.
LD Micro Presentation

Nanalysis CEO Sean Krakiwsky will be presenting at the LD Micro Conference in Los Angeles on Tuesday, Oct. 25 th at 2:00pm PT in Track 2. The presentation can be accessed virtually and will be live streamed at https://me22.mysequire.com/ . Mr. Krakiwsky will be available in person for one-on-one meetings on Tuesday, Oct. 25 th and Wednesday, Oct. 26 th . Those who plan to attend in person can register here: https://www.meetmax.com/sched/event_86249/conference_home.html .

When : Oct. 25 th at 2pm PT Track 2

To access Virtually: https://me22.mysequire.com/

About Nanalysis Scientific Corp. (TSXV: NSCI, OTCQX: NSCIF, FRA:1N1)

Nanalysis trades on the TSX Venture Exchange (TSXV) in Canada with ticker symbol 'NSCI', OTC and the Frankfurt exchange under the ticker symbol '1N1'. The company's business is what we term "MRI and NMR for industry". The company develops and manufactures portable Nuclear Magnetic Resonance (NMR) spectrometers or analyzers for laboratory and industrial markets. The NMReady-60™ was the first full-feature portable NMR spectrometer in a single compact enclosure requiring no liquid helium or any other cryogens. The company has followed-up that initial offering with new products and continues to have a strong innovation pipeline. Nanalysis began selling a 100MHz device in 2020. The Company's 100MHz device is the most powerful and most advanced compact NMR device ever brought to market.

Nanalysis devices are used in many industries (oil and gas, chemical, mining, pharma, biotech, flavor and fragrances, agrochemicals, law enforcement, and more) as well as numerous government and university research labs around the world. The Company continues to exploit new global market opportunities independently and with partners.

With the recent acquisition of K'Prime, the company maintains a North American sales and service company of over 40 individuals who cover scientific instrumentation for pharma, food, chemical and oil & gas customers, as well as imaging systems for security applications.

Additionally, the Company has a 43% ownership in Quad Systems AG ("Quad Systems"), with an option to purchase the remaining shares.  Quad Systems is a Zurich-based Nuclear Magnetic Resonance (NMR) company focused on high-field NMR for pharmaceutical and other vertical markets.

Notice regarding Forward Looking Statements and Legal Disclaimer

This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "expected", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/nanalysis-provides-corporate-update-301654856.html

SOURCE Nanalysis Scientific Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2022/20/c0929.html

News Provided by Canada Newswire via QuoteMedia

NSCI:CA
The Conversation (0)
Alkaline Fuel Cell Power Corp. Announces Grant of Restricted Share Units and Corporate Update

Alkaline Fuel Cell Power Corp. Announces Grant of Restricted Share Units and Corporate Update

Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (" PWWR " or the " Company "), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to announce that the Company has granted an aggregate of 15,918,298 restricted share unit (" RSUs ") to certain arm's length consultants (each, a " Consultant ") of the Company.

The RSUs will vest in accordance with the terms of each Consultant's RSU agreement and in accordance with the Company's 2021 RSU Plan. Upon vesting, each RSU will entitle the holder thereof to receive one common share in the capital of the Company.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Nextech3D.ai to Present in the March 29th Virtual Investor Summit Microcap Event

Nextech3D.ai to Present in the March 29th Virtual Investor Summit Microcap Event

Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2) CEO Evan Gappelberg will present at the Investor Summit on March 29, 2023. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company's CEO, Evan Gappelberg in real time.

Nextech3D.ai invites individual and institutional investors, as well as advisors and analysts, to attend CEO Evan Gappelberg's real-time, interactive presentation, showcasing Nextech3D.ai's groundbreaking 3D modeling and AR wayfinding technologies. Using breakthrough AI, Nextech3D.ai is able to quickly, easily, and affordably create vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Avricore Health's HealthTab Passes 530 Locations, Adds Virus Detection

Avricore Health's HealthTab Passes 530 Locations, Adds Virus Detection

Avricore Health INC. (TSXV: AVCR) (the " Company " or " AVCR ") continues to grow the HealthTab™ network of pharmacy locations, reaching 532 locations. In 100 of these locations, the Company will be deploying Abbott's ID Now™, either in combination with the Afinion 2™ or standalone, to support virus detection and assess the demand and effectiveness of infectious disease screening in community pharmacies.

"We are seeing significant demand for HealthTab as the pharmacist scope of practice expansion takes effect and the anticipation of expanded healthcare funding," said Hector Bremner, CEO of Avricore Health Inc. "We look forward to continuing our steady growth and adding value to our offering, such as the new testing options which ID Now brings."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Nextech3D.ai Announces Its AI-Powered SaaS Platform Toggle3D Experiences A +963% Jump in Users in 60-Days Crossing Over 1000 Users

Nextech3D.ai Announces Its AI-Powered SaaS Platform Toggle3D Experiences A +963% Jump in Users in 60-Days Crossing Over 1000 Users

Toggle3D Gaining Traction in $160 Billion Global CAD-3D, Sees Adoption Accelerating in 2023

Nextech3D.AI (formally "NexTech AR Solutions Corp" or the "Company") (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce its AI-powered SaaS CAD to 3D Design Platform, Toggle3D.ai has crossed over 1000 sign-ups on the platform. Toggle3D.ai enables the conversion, texturing, customizing and sharing of the highest quality 3D models at scale, using CAD files. Since the Beta launch, the platform has attracted a variety of users such as designers, developers, 3D artists, entrepreneurs and creators, reaching over 1000 users on the platform within 2 months which is a +963% change since the start of the year. The rapid adoption of this technology positions Toggle3D.ai to become an industry leader in the estimated $160 Billion Global GGI Application Software market

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nextech3D.ai Files Multiple Generative AI Patents Covering Breakthrough 3D-Model Creation For Global $5.5 Trillion Dollar Ecommerce Industry

Nextech3D.ai Files Multiple Generative AI Patents Covering Breakthrough 3D-Model Creation For Global $5.5 Trillion Dollar Ecommerce Industry

The Company is filing multiple pivotal patents for its game-changing Generative AI

Nextech3D.AI (formally "NexTech AR Solutions Corp" or the "Company") (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce the Company has filed it's second in a series of patents for converting 2D photos to 3D models. These patents position the Company as a leader in the rapidly growing 2D photo -3D models transformation happening in the $5.5 trillion dollar global ecommerce industry estimated to be worth $100 billion. Nextech3D.ai is using its newly developed AI to power its diversified 3DAR businesses including Arway.ai, (OTC: ARWYF CSE ARWY) Toggle3D.ai and Nextech3D.ai

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nano One Granted 3 New Patents and Receives Proceeds from Warrants

Nano One Granted 3 New Patents and Receives Proceeds from Warrants

Highlights:

  • Three new patents, issued and allowed in Taiwan, Korea and US.
  • Patents will extend protection and add value to nano one's One-Pot process technology for making lithium-ion battery cathode materials.
  • Patents will add value to nano one's sulfate free, sustainable technology for the clean energy future.
  • Proceeds from Warrants of ~$3.65M adds to strong treasury and balance sheet.

As the global EV market rapidly expands, Vancouver-based nano one® Materials Corp. ("nano one" or the "Company") (TSX:NANO) (OTC PINK:NNOMF) (Frankfurt:LBMB) is pleased to announce that it's patent estate is increasing to include three (3) more issued patents, bringing nano one's issued patents to a total of 27 with more than 55 patent applications also pending and additional patent applications being considered

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×