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Nanalysis Scientific Corp. Announces $4,985,000 Funding Contribution From The Canadian Government

Nanalysis Scientific Corp. Announces $4,985,000 Funding Contribution From The Canadian Government

03/17/22, 4:16 PM
Nanalysis Scientific Corp. (TSXV:NSCI,OTCQX:NSCIF, FRA:1N1) ("Nanalysis" or the "Company") announces that the Company has received repayable funding of $4,985,000 to expand manufacturing operations and global markets for nuclear magnetic resonance products from the government of Canada.

Company Info

Company
Nanalysis Scientific
Additional Info
(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-60TM 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 recently announced that it has begun selling a 100MHz device in 2020. The Company's new device will be 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.