Nanophase Selected to Address NanoBusiness Investor Forum

    ROMEOVILLE, Ill., May 13 /PRNewswire-FirstCall/ -- Nanophase Technologies
 Corporation (Nasdaq:   NANX), a technology leader in nanomaterials and
 nanoengineered products, has accepted an invitation to be one of ten select
 companies to present at the inaugural NanoBusiness Investor Forum in New York.
 "We view this as an opportunity to highlight Nanophase to a broad group of
 institutional and individual investors in the company of nine other companies
 who also have significant presence in the nanotechnology industry," stated
 Joseph Cross, Nanophase's president & CEO.
     NanoBusiness 2005 is the fourth annual conference and exhibition hosted by
 the NanoBusiness Alliance.  Jess Jankowski, Nanophase's CFO, added that "we
 have been pleased with the exposure to leading companies that we have received
 in the past at NanoBusiness conferences.  The addition of the Investor Forum
 will make it an even more effective event in terms of getting the message out
 and differentiating Nanophase to the investment community."  Mr. Jankowski
 will be presenting at the Investor Forum on Wednesday, May 25th.
     As Nanotechnology's foremost business conference, NanoBusiness 2005, , is intended for key stakeholders in the business of
 nanotechnology, and will once again gather hundreds of scientists, engineers,
 business leaders and investors for three intensive days of seminars,
 presentations, keynotes and networking events.  NanoBusiness 2005 is designed
 to provide the information required to move research and application
 development to commercialization, as well as to showcase the ongoing
 integration of nanotech products into the global economy.  NanoBusiness 2005
 will be held from May 23rd through May 25th, with the NanoBusiness Investor
 Forum being held on May 25th.  These events are being held at the New York
 Marriott Financial Center Hotel in New York City.
     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 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 24 United States patents
 and patent applications and 50 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 first
 industry association founded to advance the emerging business of
 nanotechnology.  The NanoBusiness Alliance creates a collective voice for the
 emerging nanotech industry and is developing a range of initiatives to support
 and strengthen the nanotechnology business community.  Exciting initiatives
 include research and education, public policy and awareness, public relations
 and promotion, networking, industry support and mentoring programs.  The
 Alliance is headquartered in New York City and has offices in Chicago,
 Washington, D.C. and Denver, Colorado.
     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 10K filed March 15, 2005 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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