ROMEOVILLE, Ill., June 7 /PRNewswire-FirstCall/ -- Nanophase Technologies (Nasdaq: NANX), a technology leader in nanomaterials and advanced nanoengineered products, announced that the Company's stockholder meeting has been scheduled for Monday, July 24, 2006, beginning at 9:30 AM local time at Nanophase's facility located at 1319 Marquette Drive, Romeoville, Illinois. Directions to Nanophase's facility may be found on the Company's website. The stockholder meeting agenda is: 1. To elect two directors to Nanophase's Board of Directors; 2. To approve the Amendment to Certificate of Incorporation to Increase Authorized Shares of Common Stock; 3. To Approve the Amendment to the 2004 Equity Compensation Plan; and 4. To transact such other business as may properly come before the meeting. After the stockholder meeting, Joseph Cross, Nanophase's president and CEO, will briefly discuss the Company's progress entering 2006 and key initiatives going forward. Mr. Cross noted, "The amendments that are before the stockholders this year are pivotal to Nanophase's future growth at a critical point in time relative to nanotechnology global development. The Board believes that it is important to increase the authorized shares of common stock by five million shares, for a total of 30 million shares, to enhance Nanophase's ability to consider strategic opportunities as they become available and may positively impact the Company's competitive position and growth rate. Updating the 2004 Equity Compensation Plan is vital to maintain Nanophase's engineering and scientific talent as the Company grows and global competition for nanotechnology talent increases. We encourage our stockholders to give these matters serious positive consideration and approval." Nanophase Technologies Corporation (NANX), http://www.nanophase.com , 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. 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