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Nanophase Technologies Elects James Henderson to Board of Directors.

ROMEOVILLE, Ill., July 10 /PRNewswire/ --

Nanophase Technologies Corporation (Nasdaq: NANX), a leader in nanomaterials and nanoengineered products, today announced that James A. Henderson, former chairman and CEO of Cummins Engine Company, has joined the Nanophase board of directors. Mr. Henderson's addition to the board brings the total number of board directors to six, including five independent directors. Henderson joins a broadly experienced board consisting of Donald Perkins, Nanophase's board chairman and retired chairman and CEO of Jewel Companies; Jerry Pearlman, retired chairman and CEO of Zenith Electronics; James McClung, senior vice president and corporate officer for FMC Corporation; Dr. Richard Siegel, co-founder of Nanophase and Head of the Materials Science and Engineering Department at Rensselaer Polytechnic Institute; and Joseph Cross, Nanophase's president and CEO.

Henderson brings to the board over 35 years of global management experience with Cummins Engine where he became president and chief operating officer in 1977, chairman and CEO in 1995, and retired from active management in December 1999. Henderson serves as the Chairman of the Board of Trustees for the Culver Educational Foundation; Director for Championship Auto Racing Teams (CART), Landmark Communications, International Paper, Rohm and Haas Company, Ryerson Tull, Inc., and SBC Communications; and is a Member of the Business Council in Washington, D.C.

"We are pleased and excited to have a veteran executive of Jim Henderson's caliber join our board," stated Joseph Cross, president & CEO of Nanophase. "Jim's vast background and global experience will be of great benefit to Nanophase as we continue developing nanocrystalline applications for multiple markets. He will be a significant contributor to the board and to the company as Nanophase continues its growth and expansion."

Nanophase Technologies Corporation provides engineered solutions utilizing nanocrystalline materials for a variety of industrial product applications. Using proprietary technology to produce nanocrystalline materials, the company creates products with unique performance attributes. The company's global customer base includes Fortune 500 companies. Nanophase trades on the Nasdaq NMS under the symbol "NANX." Visit the company's web site at www.nanophase.com .

The words "expect", "anticipates, "plans", "forecasts" and similar expressions are intended to identify forward looking statements. Statements contained in this news release that are not historical facts are forward looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's current beliefs, and a number of important factors could cause actual results for future periods to differ materially from those expressed in this news release. These important factors include, without limitation: a decision of the customer to cancel a purchase order or supply agreement; demand for, and acceptance of, the Company's nanocrystalline materials; changes in development and distribution relationships; the impact of competitive products and technologies; and other risks indicated in the Company's current Annual Report on Form 10-K, as filed with the Securities and Exchange Commission. Nanophase undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties.

For Additional Information on Nanophase Technologies by fax at no cost, Dial 1-800-PRO-INFO, Code NANX.

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Geographic Code:1USA
Date:Jul 10, 2001
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