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July 21, 2004 Stock Pick: Nanophase Technologies Corp (NANX)

Stock Price: $6.14

Nanophase Technologies Corp provides nanoengineered solutions in applications for industrial products. They also provide custom nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media.

NANX is in the same category of stocks as ALTI and NGEN. When one goes up they all seem to follow, thus it is good idea to keep an eye on these stocks.

Nanophase specifically owns or licenses 24 United States and 41 foreign patents and patent applications. Their portfolio of patents will allow them to launch into the nanomaterial space as a major force when the time comes.

The company just entered into collaboration with Huber Engineered Materials in making products such as deodorant, cosmetics, and toothpaste more effective through replacing current ingredients with new nano-ingredients.

As was the case with NGEN, NANX is now at its lowest price since early last December.

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