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Nanophase Announces Issuance of U.S. Patent

Published on 2005-06-07. Author : SpecialChem

ROMEOVILLE -- Nanophase Technologies (Nasdaq: NANX), a technology leader in nanomaterials and nanoengineered products, announced that the Company was issued U.S. Patent No. 6,896,958, entitled "Substantially Transparent, Abrasion-Resistant Films Containing Surface-Treated Nanocrystalline Particles." The Company believes that this is a highly significant patent in the field. The patent describes processes for preparing film-forming compositions and for preparing substantially transparent, abrasion-resistant coatings from these compositions.

"Nanophase continues its leadership in nanomaterials and applications of nanomaterial technologies, including the development of intermediate products which enable high-value, coating products," stated Dr. Richard Brotzman, Nanophase's vice-president of R&D. "We regard this patent as seminal technology in our field that is significant for the Company and our partnership with BYK-Chemie, a subsidiary of ALTANA Chemie AG, one of the world's leading suppliers of paint and plastic additives for coatings, printing inks and plastics. Abrasion and wear-resistant nanoparticle coating additives have numerous potential applications in many commercial markets. BYK-Chemie and Nanophase continue working to develop new products based on this patented technology for multiple applications in a variety of markets."

Nanophase Technologies Corporation (NANX), is a leader in nanomaterials technologies and provides nanoengineered solutions for multiple industrial product applications. Using a platform of patented and proprietary integrated nanomaterial technologies, the Company creates products with unique performance attributes from two ISO 9001:2000 and ISO 14001 facilities. Nanophase delivers commercial quantity and quality nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media. The Company owns or licenses 24 United States and 51 foreign patents and patent applications. Information about Nanophase may be found in the Company's public filings or on its website.

This press release contains words such as "expects", "shall", "will" , "believes" and similar expressions that are intended to identify forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such statements in this announcement are made based on the Company's current beliefs, known events and circumstances at the time of publication, and as such, are subject in the future to unforeseen risks and uncertainties that could cause the Company's results of operations, performance and achievements to differ materially from current expectations expressed in, or implied by, these forward-looking statements. These risk and uncertainties include the following: a decision by a customer to cancel a purchase order or supply agreement in light of the Company's dependence on a limited number of key customers; uncertain demand for, and acceptance of, the Company's nanocrystalline materials; the Company's manufacturing capacity and product mix flexibility in light of customer demand; the Company's limited marketing experience; changes in development and distribution relationships; the impact of competitive products and technologies; the Company's dependence on patents and protection of proprietary information; the resolution of litigation in which the Company may become involved; and other risks described in the Company's registration statement on Form 10K filed March 15, 2005 and other filings with the Securities and Exchange Commission. In addition, the Company's forward-looking statements could be affected by general industry and market conditions and growth rates. Except as required by federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events, uncertainties or other contingencies.

Source: Nanophase Technologies


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