Nanophase to Present at NanoBusiness Alliance

One of Ten Companies Selected to Present at NanoBusiness Investor Forum

May 18, 2005, 01:00 ET from Nanophase Technologies Corporation

    ROMEOVILLE, Ill., May 18 /PRNewswire-FirstCall/ -- Nanophase Technologies
 (Nasdaq:   NANX), a technology leader in nanomaterials and nanoengineered
 products, announced plans to cosponsor and present at the NanoBusiness 2005
 Conference, May 23 - 25 at the Marriott Financial Center in New York.  The
 NanoBusiness Alliance is again sponsoring the conference this year, which will
 be held in conjunction with the BCC Technical Conference.  NanoBusiness 2005
 promises to be a highlight for nanotechnology businesses and those interested
 in commercial applications.
     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.
 The international attendance at this conference will include large and small
 companies, university and national laboratories, government officials and
 legal professionals.
     Nanophase plans a significant presence at NanoBusiness 2005 with three
 presentations.  Dr. Ed Ludwig, VP Business Development, has been invited to
 present "Trends in Nanomaterials and Target Applications" for the BCC
 Technical Conference and participate in NanoBusiness Conference's plenary
 panel 'Nano Firsts.'  "We believe this conference is a key opportunity to meet
 with leaders in nanotechnology and further develop our technical and market
 development of the vast array of applications that can be served by our
 nanomaterials," states Dr. Ludwig.  "Because of the strong focus on commercial
 applications, this conference will represent excellent opportunities to build
 new alliances and partnerships, and also to continue to reinforce the ones we
 already have."
     Nanophase is one of ten companies selected to participate in the inaugural
 NanoBusiness Investor Forum on May 25.  Mr. Jess Jankowski, Nanophase's CFO,
 has been invited to present and discuss Nanophase's commercial nanoproducts,
 strategic alliances with global companies, new product development, and new
 market areas.  Mr. Jankowski noted that, "The NanoBusiness Alliance has done a
 great job bringing many significant parties together to enhance understanding
 of this growing industry generally, and providing Nanophase an opportunity to
 showcase our leadership position in nanomaterials and clearly differentiate
 ourselves from some of the other companies in the public space."
     Nanophase Technologies Corporation (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 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