Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Nanophase Announces Record First Quarter Revenue

Abstract:
Revenues Increase 45% Year-Over-Year; Largest Revenue Quarter in Company History

Nanophase Announces Record First Quarter Revenue

ROMEOVILLE, IL | Posted on April 11th, 2007

Nanophase Technologies (Nasdaq: NANX), a technology leader in nanomaterials and
advanced nanoengineered products, announced that first quarter 2007 revenue
was approximately $2.9 million (unaudited), representing 45% year-over-year
growth compared with first quarter 2006. This is the highest quarterly
revenue in the company's history, and the company's ninth consecutive
quarter of record annual quarter-over-quarter revenues.

"Nanophase started the new year with a solid pipeline of demand,
enabling us to continue the revenue growth experienced during 2006," stated
Joseph Cross, Nanophase's president and CEO. "This quarter's revenue is a
new benchmark for the company, exceeding our best quarter in 2006 by about
25%. We continue to ramp up production and have the capacity to absorb
higher production levels depending on product mix. We anticipate growth in
architectural and industrial coatings during 2007 and are optimistic about
the growth potential for several of our product lines. We also believe that
the momentum in our revenue underscores the effectiveness of our business
model."

During the quarter, Nanophase received an additional United States
patent, covering nanostructured polymeric compositions with enhanced
optical properties, for use in its industrial coatings business through the
Company's partnership with BYK Chemie, one of the world's leading suppliers
of additives for coatings, printing inks and plastics. Substantially
transparent, abrasion and wear-resistant nanoparticle coatings have
numerous potential applications in many commercial markets. BYK Chemie and
Nanophase continue working to develop new products based on this patented
technology for multiple applications in a variety of markets.

Nanophase noted that it was releasing revenue prior to its normal
earnings release schedule to accommodate the Company's planned discussions
during the NanoBusiness Alliance Investor Forum scheduled for April 15-17,
2007.

####

About Nanophase Technologies Corporation
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 18 United States and 48
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 10K filed March 14, 2007, 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.

For more information, please click here

Contacts:
Nanophase Technologies Corporation
1319 Marquette Drive
Romeoville, IL 60446

Phone: +1-630-771-6700
Fax: +1-630-771-0825

Copyright © PR Newswire Association LLC.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Materials/Metamaterials

Argon is not the 'dope' for metallic hydrogen March 24th, 2017

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

Rice U. refines filters for greener natural gas: New study defines best materials for carbon capture, methane selectivity March 23rd, 2017

Artificial photosynthesis steps into the light: Rice University lab turns transition metals into practical catalyst for solar, other applications March 23rd, 2017

Announcements

Argon is not the 'dope' for metallic hydrogen March 24th, 2017

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

Rice U. refines filters for greener natural gas: New study defines best materials for carbon capture, methane selectivity March 23rd, 2017

Artificial photosynthesis steps into the light: Rice University lab turns transition metals into practical catalyst for solar, other applications March 23rd, 2017

Financial Reports

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Arrowhead Pharmaceuticals to Webcast Fiscal 2017 First Quarter Results January 31st, 2017

Nanometrics to Announce Fourth Quarter and Full Year Financial Results on February 7, 2017 January 19th, 2017

Arrowhead Pharmaceuticals to Webcast Fiscal 2016 Year End Results December 7th, 2016

Industrial

Rare-earths become water-repellent only as they age March 22nd, 2017

CRMGroup in Belgium uses a Deben three point bending stage in the development of new steel & coated steel products for automotive and other industrial applications March 21st, 2017

Imaging the inner workings of a sodium-metal sulfide battery for first time: Understanding how the structural and chemical makeup of the material changes during the charge/discharge process could help scientists advance battery design for future energy storage needs March 9th, 2017

Rice lab expands palette for color-changing glass: Nanophotonics team creates low-voltage, multicolor, electrochromic glass March 8th, 2017

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project