Nanophase Invited to Global Crown Capital's Nanotechnology Conference

Oct 23, 2006, 01:00 ET from Nanophase Technologies Corporation

    ROMEOVILLE, Ill., Oct. 23 /PRNewswire-FirstCall/ -- Nanophase
 Technologies (Nasdaq:   NANX), a technology leader in nanomaterials and
 advanced nanoengineered products, announced that Joseph Cross, the
 Company's president and CEO has been invited to discuss Nanophase's
 leadership in nanomaterials during Global Crown Capital's Nanotechnology
 conference on October 30, 2006. Invited companies to the conference include
 Intel, Applied Materials, BASF, Harris & Harris, and Nanosys.
     "We are pleased to be invited, along with a select group of companies,
 to Global Crown Capital's conference on nanotechnology and investment,"
 stated Mr. Cross. "As various nanotechnologies continue to emerge and gain
 traction in global industry applications, this is an optimal time to review
 several such technologies and understand their current and future growth
 opportunities. We look forward to discussing Nanophase's positioning in
 multiple global nanomaterials markets and applications, as well as the
 potential opportunities going forward."
     Dr. Nikolay Tishchenko, Senior Managing Director of Global Equity
 Research at Global Crown Capital covers Nanophase and stated: "We consider
 Nanophase one of the premier pure-play companies in nanotechnology. They
 appear to get everything right in their approach to nanotech. The
 management team has a laser focus on execution and growth while remaining
 remarkably fiscally conservative. They develop and sell commercially viable
 products to real customers; they do not rely on government grants. They are
 also rapidly expanding beyond their original market into chemicals,
 automotive, personal care, cosmetics, microelectronics, etc. We are
 delighted that Joe Cross will be presenting at our upcoming conference."
     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 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.
     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 August 8, 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