The news was expected, as the company had already announced in its IPO prospectus that it would deliver the first two reactors this year.

DENSO and Canatu signed a new Memorandum of Understanding in November, which will deepen their cooperation to commercialize transparent camera heaters and accelerate the development of new products.

ASML, which in practice holds a monopoly position in EUV lithography machines, held an investor day yesterday where the company outlined its long-term growth targets and the drivers behind them.

Canatu’s stock has fallen by about 12% since our initiation of coverage report, and there have been no significant changes in the company’s fundamentals in a good month's time. We believe Canatu is one of the most promising growth stories on the Helsinki stock exchange, and this is also still reflected in the high valuation of the share.

Canatu’s unique and patented production technology offers the company a competitive advantage and significant growth opportunities in markets that will mature to proper growth in coming years. The hidden growth potential in the company has also already been generously priced in the stock valuation and we believe that the risk/reward ratio favors waiting for better buying opportunities in one of the most promising growth stories on the Helsinki stock exchange.