Nanophase to Exhibit and Present at Nanotech 2004

Nanophase will present application development topics from the Company's development in some of its focus market sectors:

• Nanocrystalline Mixed Metal Oxides - Novel Oxygen Storage Materials presented by Dr. Patrick Murray
• Nanoparticle Composites for Coating Applications presented by Dr. Roger Cayton
• Nanoparticle Dispersions for Polishing Applications presented by Dr. Patrick Murray

Nanophase will also participate in the Nanotech 2004 exhibition, booth 803, to demonstrate the Company's integrated nanomaterials technologies to chemical and industrial companies attending the event.

"We are looking forward to Nanotech 2004 and are fortunate to contribute three presentations," stated Dr. Ludwig. "Nanotech 2004 is an excellent platform to demonstrate Nanophase's integrated nanomaterials technologies for multiple application areas to potential domestic and international customers. Nanophase has recently introduced several new nanomaterial products and has more in the development pipeline. We are looking for additional application development partners to vertically and horizontally market nanomaterial applications."

Nanophase Technologies (NANX), www.nanophase.com, provides innovative 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 facilities. Nanophase delivers commercial quantity and quality nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media. The Company has 23 United States patents and patent applications and 27 foreign patents and patent applications. Full details on Nanophase may be found in the Company's public filings or on its website.

This press release contains words such as "expects", "anticipates", "plans", "forecasts" 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. It is possible that the Company's future performance may differ materially from current expectations expressed in these forward-looking statements due to a variety of important factors such as: a customer's decision to defer, cancel or otherwise modify a purchase order or supply agreement; demand for, and acceptance of, the Company's nanocrystalline materials; changes in our development, supply and distribution relationships; increasing price and product/service competition by foreign and domestic competitors, including new entrants; technological developments and changes; the ability to continue to introduce competitive new products and services on a timely, cost effective basis; the Company's mix of products/services; increases in raw material costs which cannot be recovered in product pricing; domestic and foreign governmental and public policy changes including environmental regulations; disruption of commercial activities and threats associated with terrorism and efforts to combat it; protection and validity of patent and other intellectual property rights; the cyclical nature of the Company's business; the outcome of pending and future litigation and governmental proceedings; and other risks described in the Company's 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. The Company undertakes no obligation to update or revise these forward-looking statements to reflect new events, uncertainties or other contingencies.

Source: Nanophase Technologies Corporation