Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Nanophase Announces $1.44 Million Order

Abstract:
Notes 2008 Order for DNA/RNA Bioseparation Application

Nanophase Announces $1.44 Million Order

ROMEOVILLE, IL | Posted on November 19th, 2007

Nanophase Technologies , a technology leader in nanomaterials and advanced nanoengineered products, announced a $1.44 million order from one of the Company's significant market partners in the polishing market. The order increases current order rates for the fourth quarter of 2007 and provides an annual order for 2008 with quarterly quantities.

"It is exciting to see increased market partner traction and customer adoption in this market area", stated Joseph Cross, Nanophase's president and CEO. "The order for 2008 represents more than two times volume and revenue growth over 2007. We continue to believe that the polishing market represents a significant long-term growth opportunity for Nanophase's novel nanomaterial dispersions."

Nanophase also noted receipt of a six-figure order from an existing customer for nanomaterials used in a DNA/RNA bioseparator application for 2008 delivery. Cross noted that the customer's volume for 2008 would be an increase of approximately 50% over the current year. Nanophase anticipates order shipment in the first quarter of 2008.

Cross said the Company's long-term prospects remain positive across its product lines. "Even with the recent revenue slowdown in our architectural coatings business, which we announced several weeks ago, that we believe is due to the current softness in the housing and home improvement markets, revenue in our product categories has increased significantly compared with 2006," explained Cross. "Even architectural coating market sales should end 2007 growing approximately about 50% over 2006. We anticipate the trend of year-over-year revenue growth will continue. I'm sure that general investor uncertainty is one reason Nanophase's shares have been hard-hit in recent weeks. Management believes recent price levels do not reflect our current performance, the company's value, or our long-term prospects."

"Nanophase remains at the nanomaterials forefront with a highly integrated robust commercial technology platform and state-of-the art manufacturing. Since 2004, Nanophase has grown revenues over 30% annually year-over-year and over 40% through the first three quarters of 2007. In the same time period, the Company has grown gross margins from 1.4% of revenue to 29% of revenue year-to-date in 2007. We continue to grow and are confident about our future."

####

About Nanophase Technologies
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.

Nanophase notes that customer purchase orders may be modified or cancelled over the order period. 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 10KQ filed November 7, 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

Investor Relations
+1-630-771-6708

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

Nanocatalysts improve processes for the petrochemical industry August 28th, 2015

Successful boron-doping of graphene nanoribbon August 27th, 2015

Developing Component Scale Composites Using Nanocarbons August 26th, 2015

Quantum diffraction at a breath of nothing: Physicists build stable diffraction structure in atomically thin graphene August 25th, 2015

Announcements

Iranian Scientists Use Artemisia Annua Plant to Produce Breast Cancer Drugs August 29th, 2015

Small but heading for the big time: Nanobiotix half year results for the six months ended 30 June 2015, in line with expectations: Major clinical achievements and corporate developments August 28th, 2015

A new technique to make drugs more soluble August 28th, 2015

Nanocatalysts improve processes for the petrochemical industry August 28th, 2015

New-Contracts/Sales/Customers

Nanolab Technologies LEAPS Forward with High-Performance Analysis Services to the World: Nanolab Orders Advanced Local Electrode Atom Probe (LEAP®) Microscope from CAMECA Unit of AMETEK Materials Analysis Division August 27th, 2015

Conformal transfer of graphene for reproducible device fabrication August 11th, 2015

Liquipel Debuts Eyesight-Saving ION-Glass Blue Light Protection for iPhones and Androids at RadioShack Stores Nationwide: Liquipel's Unique Protective Screen, Available at RadioShack, Cuts Harmful Blue Light Implicated in Macular Degeneration by 10x July 28th, 2015

Dais Analytic's Business Affiliate in China Announces Ten-Year Strategic Energy Efficiency Business Arrangement With COFCO: Dais Beijing to Perform Feasibility Study on Over 80 Buildings to Improve Efficiencies as Part of Overall Hotel Energy-Savings Project July 23rd, 2015

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







Car Brands
Buy website traffic