Nanophase Cosponsors Fifth Annual NanoBusiness Alliance Conference

Nanophase CEO to Present at NanoBusiness Investors Forum

May 11, 2006, 01:00 ET from Nanophase Technologies Corporation

    ROMEOVILLE, Ill., May 11 /PRNewswire-FirstCall/ -- Nanophase
 Technologies (Nasdaq:   NANX), a technology leader in nanomaterials and
 advanced nanoengineered products, announced plans to cosponsor and present
 at the NanoBusiness Alliance 2006 Conference, May 17-19 at the New York
 Marriott Marquis. As nanotechnology's foremost business conference,
 NanoBusiness 2006 is intended for major stakeholders in the business of
 nanotechnology and gathers important technologists, government and
 investment leaders, nanotechnology business leaders, and investors for
 three intensive days of seminars and presentations. NanoBusiness 2006 is
 the only conference that brings world-class nanotechnology companies to
 Wall Street to highlight nanotech innovations that are expected to drive
 shareholder value creation over the next decade.
     Joseph Cross, Nanophase's president and CEO, will address the
 conference on Wednesday May 17 during the Investors Day Forum to present
 the Company's portfolio of nanomaterials technologies, market penetration
 strategies, and vision for the future. "NanoBusiness 2006 is a principal
 gathering of international nanotechnology sectors and companies focused on
 the growth and rapid commercialization of nanotechnologies," stated Mr.
 Cross. "This is a key gathering of leading nanotechnology companies who are
 successfully commercializing nanotech innovations across multiple sectors,
 showcasing the 'here and now' as well as a vision of the future. Focusing
 on issues and conditions that are expected to drive increased global
 implementation, discussions range from technology to markets to corporate
 environmental and workplace responsibility. It is an important business
 conference for growing nanotechnologies that are undergoing an increasing
 rate of global adoption."
     Sean Murdock, Executive Director of the NanoBusiness Alliance stated,
 "We are excited to have Nanophase presenting in our NanoBusiness Investors
 Forum. With Nanophase's position of global leadership and well developed
 channels, the Company is poised to significantly enhance its market
 penetration over the next few years."
     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 20 United States and 44
 foreign patents and patent applications. Information about Nanophase may be
 found in the Company's public filings or on its website.
     The NanoBusiness Alliance is the industry association for the emerging
 nanotechnology industry. Through its extensive network of leading startups,
 Fortune 500 companies, research institutions, non-governmental
 organizations and public-private partnerships, the Alliance shapes
 nanotechnology policy and helps accelerate the commercialization of
 nanotechnology innovations. The NanoBusiness Alliance has offices in New
 York, Chicago, Connecticut and Washington, DC. For more information, visit .
     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 Form 10Q filed May 9, 2006 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