Dotz Nano Ltd (ASX:DTZ) Secures First US Commercial Order and A$2M Investment
Operational Achievements
Dotz Nano secured its first commercial order for the DotzShield in-product tagging solution from ChampionX, a leading US-based provider of oilfield technology services and chemistry solutions to the Oil & Gas industry worldwide. The company also developed a modified sorbent demonstrating high adsorption capacity and low energy usage for Direct Air Capture (DAC). Additionally, Dotz entered into a strategic collaboration with Bar-Ilan University to pilot an innovative electrochemical DAC technology, supported by a USD250,000 grant from the Israel Innovation Authority.
Financial Performance
As of 31 December 2024, Dotz Nano reported cash and cash equivalents of $0.8 million, up from $0.3 million as of 30 September 2024. The company remained on budget, utilising $0.5 million in the fourth quarter for operational activities and generated $1.1 million from financing activities, including a further A$2.0 million investment from Mercer Street Global Opportunity Fund II LP.
Future Outlook
Committed to a sustainable future, Dotz aims to advance the technology readiness of DotzEarth through pilot demonstrations and ongoing optimisation of its sorbents. The company plans to scale up sorbent production capacity and further commercialize the DotzShield tagging solution. Dotz’s objectives for 2025 include advancing its DAC sorbent through lab-scale and outdoor pilots, validating its point source sorbent for various applications, scaling up production, and partnering with third parties.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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