Nanollose's Fourth Spin of Nullarbor Fiber Arrives in India; Shares Up 4%
MT Newswires Live
Jan 05
Nanollose (ASX:NC6) said the microbial cellulose for the fourth pilot production spin of its Nullarbor fiber arrived in India, with co-development partner, Birla Cellulose, set to start specification testing and fiber spinning by February, according to a Monday filing with the Australian bourse.
The feedstock for the fourth spin consists of a 200-kilogram batch of microbial cellulose produced by Hainan Guangyu Biotechnology, the company's partner in China, the filing said.
Nanollose shares rose 4% in afternoon trade on Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.