California Nanotechnologies Appoints Mr. Sébastien Goulet as Board Member

CNO-TSX VENTURE

CERRITOS, CA, Aug. 27, 2015 /CNW/ - California Nanotechnologies Corp. ("Cal Nano") is pleased to announce the appointment of Sébastien Goulet to the Board of Directors.  "Sébastien Goulet has been involved with Cal Nano over the last six months and is currently a director of Omni-Lite Industries, one of CNO's founding shareholders. As a result, Sébastien has an excellent understanding of the needs and requirements of the Company," stated David F. Grant, Chairman of the Board of Directors.  "Sébastien has also had a long history with key companies in the aerospace, defense and industrial marketplaces, some of which could be future customers and partners of Cal Nano."

With over 15 years as a senior executive leading global corporate strategies and operations, Mr. Goulet has extensive experience in the engineering and manufacturing environment.  By combining his P&L expertise and Lean / Six Sigma / Operations / Supply Chain experience he has contributed to the development of a new business approach that combines Sales and Marketing advantages with operational excellence.  His understanding of key business metrics and processes has allowed Mr. Goulet to implement and lead global operations and business strategies.

At GE, Sébastien was Global Sourcing Manager and Quality Director.  At ITT, Sébastien was VP and Director of Global Operations and as such lead their nine P&L and global manufacturing centers to a new improved level of performance.  Previous work assignments also included Deutsch Connectors (EVP Industrial Strategies), Nautilus (SVP Operations and GM Commercial Division), PerkinElmer Optoelectronics (VP / GM Specialty Lighting and VP Global Operations), and FlaktWoods (VP Global Operations UK). In the past few year, Sébastien has worked, as a consultant with Airspeed Equity of San Diego, in implementing operational, sales and marketing and financial business improvements for several companies.

Sébastien holds a Masters Degree in Engineering Management, a Masters in Manufacturing Engineering, a Bachelor of Science in Mechanical Engineering and a Bachelor of Science in Aerospace Engineering, all from Syracuse University.  He is fluent in English, French and has intermediate Spanish language skills

Pursuant to its stock option plan and in accordance with the policies and approval of the TSX Venture Exchange, the Board of Directors has approved a grant of 100,000 stock options to Mr. Goulet.  These options vest equally over a period of 3 years and are exercisable on or before August 26, 2020 at an exercise price of $0.075 per common share.

Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein.

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

SOURCE California Nanotechnologies Corp.