Nanollose Advances Sustainable Fiber Commercialization with Key Pilot Production

An update from Nanollose Ltd. ( (AU:NC6) ) is now available.

Nanollose Limited has made significant strides in product development and commercialization, particularly with its Nullarbor sustainable fiber and Biollose soilless horticulture divisions. A key milestone was the successful pilot production of wool blankets incorporating Nullarbor-20 fiber with Waverley Mills, marking the first time this fiber has been blended with wool. This development highlights the versatility of Nullarbor fibers and opens up access to high-value markets. Additionally, Nanollose received a $272,000 payment as part of a strategic capital raise, providing financial flexibility to advance its R&D and commercialization objectives.

More about Nanollose Ltd.

Nanollose Limited is a leading bio-materials company focused on commercializing scalable technology to create fibers, fabrics, and other materials from microbial cellulose. The company operates in the sustainable materials industry, with a market focus on developing eco-friendly alternatives for textiles and horticulture.

YTD Price Performance: 130.0%

Average Trading Volume: 412,587

Technical Sentiment Signal: Sell

Current Market Cap: A$10.72M

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