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Romeoville, IL, February 1, 2005 – Nanophase Technologies Corporation (Nasdaq: NANX), a technology leader in nanomaterials and nanoengineered products has been named for the second consecutive year to Deloitte & Touches’ prestigious Technology Fast 50 Program for Chicagoland, a ranking of the fifty fastest growing companies in the area by Deloitte & Touche LLP, one of the nations’ leading professional services firms. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999 – 2003.

“We are pleased to be recognized by Deloitte and Touche as a technology leader,” stated Joseph Cross, Nanophase’s President and CEO. “Nanophase’s current and future growth is driven by our relationship with our market partners (BASF, Altana, and Rohm & Haas Electronic Materials), and the Company’s focus on new markets and the development of new business opportunities. We expect future revenue growth during 2005-2006 as the partnerships continue to expand and new business opportunities culminate.”

“In an era where technology companies come and go, making the Deloitte Fast 50 is a testament to a company’s vision that allows growth over five years,” stated Jerry P. Sullivan, Partner, Deloitte & Touche. “Nanophase’s leadership has the right stuff for growth, and Deloitte salutes their accomplishments.”

Winners of the 18 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America’s fastest growing technology companies.

Nanophase Technologies (NANX), www.nanophase.com, 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 facilities. Nanophase delivers commercial quantity and quality nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media. The Company owns or licenses 25 United States patents and patent applications and 49 foreign patents and patent applications. Information about Nanophase may be found in the Company’s public filings or on its website. Other information on our website is not incorporated by reference into, and not be considered a part of, this press release.



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