Nanophase Announces New Supply Agreement With BASF

03-Jul-2006

Nanophase Technologies announced a new mutually exclusive supply agreement with BASF to supply patent-pending surface engineered nanoparticles for current and future products for BASF's Z-COTE® MAX brand. The new supply agreement is multi-year with automatic renewals and is in addition to the Company's current agreement with BASF for the Z-COTE® brand.

"We are honored to be a designated strategic development partner for BASF and proud of our mutual collaboration on this new line of BASF products," stated Joseph Cross, Nanophase's president and CEO. "BASF and Nanophase collaboratively developed this new nanomaterial technology over two years in extensive surface treatment development and formulation testing resulting in new products and associated pending patents. We are optimistic about positive market acceptance and mutual revenue growth in the future."

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