Nanophase Notes New Order
ROMEOVILLE, Ill., Nov. 6 // -- Nanophase Technologies (NASDAQ:NANX), a technology leader in nanomaterials and advanced nanoengineered products, announced receipt of a new order for polishing nanodispersions for a confidential Asian customer. The Company believes the nanodispersions will be used for LCD screen polishing.
"As we have stated previously, we are extending our nanomaterials and nanomaterial dispersions developed for semiconductor chemical mechanical polishing and selling that technology into horizontal polishing markets," noted Ian Roberts, Nanophase's vice president for U.S. and international sales. "This is a revenue area that grew in multiples during 2005 and represents diverse polishing markets that we are working to develop and expand. Our nanomaterial dispersions are used to polish wafer stepper lenses, EUV lithography optics, laser lenses, other critical glass polishing applications, and, now a new market application for Nanophase, LCD screen polishing as stated by our customer. While we do not anticipate a material revenue impact from this new application in the near-term, this further extension into a new horizontal polishing market demonstrates that Nanophase's nanomaterial technologies and nanoproducts continue to gain traction in the polishing marketplace."
Nanophase Technologies Corporation (NANX), nanophase.com/, 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 19 United States and 47 foreign patents and patent applications. Information about Nanophase may be found in the Company's public filings or on its website.
Source: Nanophase Technologies Corporation
CONTACT: Joseph Cross, President, CEO, +1-630-771-6705, or Jess Jankowski, VP, CFO, +1-630-771-6702, or Nancy Baldwin, Investor Relations, +1-630-771-6707, all of Nanophase
Web site: http://nanophase.com/
