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Nanophase Announces Commercial Availabiity of New Nanomaterial

1/16/2004 -
Romeoville, IL, January 16, 2004 - Nanophase Technologies Corporation (Nasdaq: NANX), a technology leader in nanomaterials and nanoengineered products, announced commercial availability of a new nanomaterial from the Company's patented PVS technology. The new nanomaterial, tin oxide, is approximately 30 nanometers with tight particle size distribution and is targeted for electronic applications and transparent conductive coatings.

"Nanophase is on a fast-track to introduce several new nanomaterials for specific market applications based on market research and end-user feedback," stated Joseph Cross, Nanophase's president and CEO. "During 2003, we significantly improved the new nanomaterial introduction cycle and expect to introduce several new nanomaterials in response to specific market applications during 2004."

Nanophase has annual full-scale commercial production capability for these materials in the metric ton(s) range manufactured under its ISO-9001:2000 quality system. Nanophase's nanomaterial products are typically available as nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media. For additional information, contact Dr. Ed Ludwig, Nanophase's vice president of business development at 630-771-6729, or email

Nanophase Technologies (NANX),, provides nanoengineered solutions of nanostructured materials for a variety of industrial product applications. Using patented and proprietary integrated nanotechnologies, the Company creates products with unique performance attributes. Nanophase Technologies currently owns or licenses 23 United States patents and patent applications, consisting of 9 owned United States patents, 8 owned United States patent applications, and 6 licensed United States patents. The Company also has 27 foreign patents and patent applications, consisting of 9 owned foreign patents and 18 owned foreign patent applications, all of which are counterparts to domestic filings covering its platform of nanotechnologies.

Nanophase will be exhibiting its products and solutions at Nanotech 2004 in booth 803.

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

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