Nanollose Ltd. ( (AU:NC6) ) has issued an announcement.
Nanollose Limited held a General Meeting where all resolutions were decided by a poll. The company continues to develop its Tree-Free cellulose technology, with successful pilot production runs in collaboration with Birla Cellulose, producing over a tonne of fibres. These fibres are being tested and evaluated by collaborators, indicating potential future adoption by partners.
More about Nanollose Ltd.
Nanollose Limited (ASX: NC6) is a biomaterials company focused on commercializing scalable technology to produce eco-friendly fibres, fabrics, and materials with minimal environmental impact. Utilizing an innovative fermentation process, the company creates ‘Tree-Free’ cellulose from agricultural waste, offering alternatives to traditional wood pulping methods. Their products include Nullarbor™ fibres, Biollose™ horticultural medium, and emerging leather-like materials.
YTD Price Performance: -20.0%
Average Trading Volume: 264,473
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.2M
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