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An update from Nanollose Ltd. ( (AU:NC6) ) is now available.
Nanollose Limited has successfully completed a pilot manufacturing run with Waverley Mills, producing wool blankets incorporating its Nullarbor-20™ fiber, marking the first blend of this fiber with wool. The company has also strengthened its management team with the appointment of Andrew Moullin as CEO and Managing Director to oversee its commercialization strategy. Post quarter-end, Nanollose’s partner Magnera converted Nufolium-20™ fiber into nonwoven fabric for wet wipes, advancing its strategy in the sustainable fabric market. The company is expanding its global IP portfolio and planning further commercial development of its sustainable fabric suite.
More about Nanollose Ltd.
Nanollose Limited is a leading bio-materials company that commercializes scalable technology to create fibers, fabrics, and other materials from microbial cellulose. The company focuses on sustainable fabric solutions and has a strong intellectual property portfolio, aiming to address major markets in the global fashion and textiles industry.
Average Trading Volume: 203,723
Technical Sentiment Signal: Buy
Current Market Cap: A$25.02M
For a thorough assessment of NC6 stock, go to TipRanks’ Stock Analysis page.