Canatu Plc (CANATU, Nasdaq First North, Finland) and DENSO Corporation (“DENSO”), a leading global automotive technology and component supplier, have signed a 17-month joint development agreement aimed at developing advanced production equipment for manufacturing larger carbon nanotube (CNT) films for automotive applications. Scaling the size of CNT films is crucial for the implementation of future applications, such as full windshield heaters.
The total value of the agreement is classified, in accordance with Canatu’s disclosure policy, in the lowest quartile of the “medium-sized” category (EUR 1.0-5.0 million), and the corresponding revenue is expected to be recorded mainly in the first half of 2026, subject to the achievement of defined milestones.