Nanalysis Scientific Corp. announces a financial contribution of $4,985,000 from the Canadian government

CALGARY, Alta., March 17, 2022 /PRNewswire/ – Nanalysis Scientific Corp. (TSXV: NSCI,OTCQX:NSCIF, FRA:1N1) (“Nanalysis” or the “Company”) announces that the Company has received repayable funding from $4,985,000 to expand manufacturing operations and global markets for the government’s nuclear magnetic resonance products Canada.

“We are very grateful for the support of the Canadian government,” said Sean Krakiwski, founder and CEO of Nanalysis. “Nanalysis is thrilled to be one of the recipients of Prairie Economic Development Canada. This funding allows us to accelerate product innovation, expand our manufacturing capabilities, increase inventory levels to mitigate supply chain issues, and reduce the risk of potential downtime through to redundant equipment. These funds will allow us to continue to generate significant growth as we expand our global footprint. »

The funding is provided through the Business Development and Productivity Program of Prairie Economic Development Canada (“PrairiesCan”), which provides fast-growing technology companies with support to grow and enter new markets. Nanalysis will draw on the funds over the next three years, with interest-free repayments beginning on September 1, 2025.

About Nanalysis Scientific Corp. (TSXV: NSCI,OTCQX: NSCIF, FRA: 1N1)

Nanalysis trades on the TSX Venture Exchange (TSXV) in Canada with the symbol “NSCI”, OTC and the Frankfurt exchange under the symbol “1N1”. The company’s activity is what we call “MRI and NMR for industry”. The company develops and manufactures portable nuclear magnetic resonance (NMR) spectrometers or analyzers for laboratories and industrial markets. The NMReady-60™ was the first complete portable NMR spectrometer in a single compact enclosure requiring no liquid helium or other cryogens. The company has followed that initial offering with new products and continues to have a strong innovation pipeline. Nanalysis recently announced that it has started selling a 100 MHz device in 2020. The company’s new device will be the most powerful and advanced compact NMR device ever brought to market.

Nanalysis devices are used in many industries (oil and gas, chemical, mining, pharmaceutical, biotechnology, flavors and fragrances, agrochemicals, law enforcement, etc.) as well as in many government and university research laboratories around the world. worldwide. The Company continues to exploit new global market opportunities independently and with partners.

With the recent acquisition of K'(Prime) Technologies Inc. (KPrime), the company maintains a North American sales and service organization of over 40 people that covers scientific instrumentation for pharmaceutical, food, chemical customers and oil and gas, as well as imaging systems for security applications.

About Prairie Economic Development Canada (PrairiesCan)

Prairie Economic Development Canada (PrairiesCan) is the federal department that supports economic growth alberta, Saskatchewan and Manitoba. Its programs and services help businesses, non-profits and communities grow stronger. Its mandate is to support economic growth and diversification in the Prairie provinces and to advance the interests of the region in national economic policies, programs and projects.

Notice Regarding Forward-Looking Statements and Disclaimers
This press release contains certain “forward-looking statements” within the meaning of such statements under applicable securities laws regarding the following: the option and other matters incidental or incidental to the foregoing. Forward-looking statements are often characterized by words such as “expects”, “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “expects”, ” believes”, “may”, “will”, “potential”, “proposed”, “positioned” and other similar words, or statements that certain events or conditions “may” or “will occur”. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are based on the opinions and estimates of management as of the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results actuals differ materially from those projected in the forward-looking statements. research statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. expressly requires.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCENanalysis Scientific Corp.