ALTANA and Nanophase to Present and Exhibit at ICE 2004

    ROMEOVILLE, Ill., Oct. 14 /PRNewswire-FirstCall/ -- Nanophase Technologies
 Corporation (Nasdaq:   NANX), a technology leader in nanomaterials and
 nanoengineered products, announced that the Company would assist BYK-Chemie, a
 company of ALTANA Chemie AG, during the International Coatings Exposition
 October 27-29 in Chicago, IL.  During the exhibition and conference,
 BYK-Chemie plans to introduce its new product line:  the NANOBYK series that
 incorporates Nanophase's nanoparticles into BYK-Chemie's additives for
 coatings, printing inks and plastics.
     (Logo: )
     BYK-Chemie, a market partner of Nanophase, and Nanophase jointly created
 the NANOBYK products.  The first such products in the family, NANOBYK-3600 and
 NANOBYK-3601, were developed to improve the scratch and wear resistance in all
 types of UV-curable coatings.
     During ICE 2004, Dr. Thomas Sawitowski, BYK-Chemie's Manager of
 Nanotechnology, and Dr. Roger Cayton, Nanophase Senior Scientist, are
 scheduled to make a joint presentation on nanomaterials and nanocomposites.
     "We are excited to be co-presenting and assisting in the introduction of
 BYK-Chemie's new line of coating additives incorporating Nanophase's
 nanomaterials," stated Joseph Cross, Nanophase's president and CEO.  "There
 has been considerable market interest and product testing already and we
 expect ICE 2004 to generate additional interest and opportunities for the
 NANOBYK products."
     Nanophase Technologies (NANX), , 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 facilities.  Nanophase delivers commercial quantity and quality
 nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety
 of media.  The Company owns or licenses 25 United States patents and patent
 applications and 49 foreign patents and patent applications.  Information
 about Nanophase may be found in the Company's public filings or on its
 website.  Other information on our website is not incorporated by reference
 into, and not be considered a part of, this press release.
     BYK-Chemie is one of the world's leading suppliers in the field of paint
 and plastic additives with major markets in the USA, Europe, and the Far East.
 Additives are chemical substances that are used in the manufacture of
 coatings, printing inks and plastics.  BYK-Chemie is a company of ALTANA
 Chemie AG, Wesel, Germany.  ALTANA Chemie develops and produces high-quality,
 innovative products in the field of specialty chemicals.
     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 10-Q  filed August 13, 2004 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 Corporation

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