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Nanophase Technologies (Nasdaq: NANX), a technology leader in nanomaterials and advanced nanoengineered solutions, has been independently recertified to meet the standards of ISO9001, the international Quality Management Standard and ISO14001, the international Environmental Management Standard. An audit of the Company's manufacturing and development facilities and associated environmental systems was recently conducted by an ANSI accredited third party auditor, SGS Systems of Rutherford, NJ. As a result of the audit and Nanophase's demonstration of the robustness of its Quality and Environmental Management Systems, recertification has been granted. Nanophase was originally recognized to meet the international standards of ISO9001 in January 1997 and ISO14001 in April 2005.
"Having external verification of Nanophase's quality and environmental management systems and demonstration of the company's compliance with these systems is very important as we continue to accelerate the growth of our business," commented Robert Haines, Nanophase's Vice President of Operations and Engineering. "It is important to our larger international customers, as well as for new business customers, to know that they are doing business with a reputable company that has robust environmental, health, and safety practices and who is a good corporate citizen. I would like to especially recognize our quality and environmental management staff for their leadership and hard work in this area. As a company we have institutionalized these systems, along with Lean Six Sigma, in the manner we conduct operations everyday."
Mr. Haines also noted that the Company had surpassed 880,000 hours worked, or over 400 man years, without a lost time accident. "This is an exemplary record, especially for a company of our size, and demonstrates the Company's sound safety practices and employee dedication to safety in the workplace," noted Mr. Haines.
Nanophase is a voting member of ASTM E56 and ISO USATG TC229, which are U.S.-based committees developing new international industry standards for the management and characterization of nanomaterials. Nanophase is constantly working to identify and apply best available technologies and practices to ensure worker, customer, and public safety.
About Nanophase Technologies
Nanophase Technologies Corporation (NANX), 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 49 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, 2008,, 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.
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Nanophase Technologies Corporation
1319 Marquette Drive
Romeoville, IL 60446
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