Industry News

Nanophase to Present at the Federation of Societies for Coatings

Published on 2005-06-03. Author : SpecialChem

ROMEOVILLE, Ill -- Nanophase Technologies (Nasdaq: NANX - News), a technology leader in nanomaterials and nanoengineered products, is scheduled to present a short course and a paper at the Federation of Societies for Coatings Technology's Advancements in Coatings Series: 'Nanotechnology in Coatings: Realizing the Potential', June 8-10, in Seattle, WA. The short course, "Nanomaterials and Their Impact on Coatings Technologies", will be presented by Dr. Roger Cayton, a Senior Application Scientist for Nanophase, and Dr. Thomas Sawitowski, Manager of Nanotechnology for BYK Chemie, a business unit of ALTANA Chemie. The course will discuss how nanotechnology will impact the user by providing multiple competitive advantages in the development of new coating products.

Dr. Cayton will also present a paper, "Scratch Resistant Additives Containing Ceramic Nanoparticles for Coatings Applications", describing Nanophase's integrated platform of commercially scaled nanomaterial technologies - from the manufacturing of nanoparticles to tailored nanoparticle dispersions. Dr. Cayton will provide formulations and performance data for nanocomposite coatings and quantify the demonstrated competitive advantages for these new products.

Dr. Richard Brotzman, Nanophase's Vice President of R&D, stated, "Nanophase is now delivering a range of intermediate nanoproducts which enable applications from coatings to personal care to electronics. We have the commercial capability to deliver state-of-the-art nanoparticle dispersions in high volume that impart significant performance to our customer's products. This illustrates our ability to develop enabling technology and bring value to our customers and partners by engineering solutions to specific market and application needs."

Joseph Cross, Nanophase's president and CEO, noted that "our partnership with BYK Chemie, the leading innovator and supplier of ingredients to the coatings, inks, and sealants market, is a major revenue growth opportunity venue for Nanophase. According to a recent study by Principia Partners, nanocomposites, the generic classification for all markets, are expected to be a major growth segment for the next few years and forecasted to reach a market value greater than $250 million in 2008. We believe that BYK Chemie and Nanophase can be a significant player in this growing market."

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.

ALTANA Chemie develops and produces high-quality, innovative products in the specialty chemicals sector. ALTANA Chemie AG with its headquarters in Wesel, Germany, is the holding company for the three business units Additives & Instruments, Coatings & Sealants, and Electrical Insulation. ALTANA Chemie provides innovative and environmentally compatible solutions, along with the appropriate specialty products, for coatings manufacturers, paint and plastics processors, and the electronics industry. Its range of products includes additives, specialty coatings, sealing and compounds, impregnating agents, and testing and measuring instruments. In its target markets the company is market leader in terms of quality, innovation and service.

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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