Nanophase Technologies Corporation, a technology leader in nanomaterials and advanced nanoengineered products, announced that Nanophase and Rohm and Haas Electronic Materials, CMP Technologies, have extended their exclusive global partnership for the use of new nanomaterials and nanomaterial dispersions for semiconductor polishing (CMP) applications until 2019. The partnership will collaborate in developing innovative nanomaterial-based slurries for current and future technology nodes in semiconductor fabrication.

In view of the exclusivity and the partnership objectives, Rohm and Haas has purchased 847,918 shares of Nanophase common stock at a purchase price of $5.8968 per share, or an aggregate $5 million in cash. These shares will be restricted and not registered for a period of two years. After this purchase, Nanophase has 18,811,263 shares of common stock outstanding, approximately 4.5% of which is now owned by Rohm and Haas.

“We have been working with Rohm and Haas Electronic Materials, CMP Technologies, for over four years and have enjoyed an unusually close, collaborative relationship while penetrating the semiconductor market with current products,” stated Joseph Cross, Nanophase’s president and CEO. “In fact, Rohm and Haas honoured Nanophase during 2005 awarding the Company their ‘Excellence in Partnership Award’. We look forward to our extended relationship going forward. We believe that Rohm and Haas is uniquely positioned in the marketplace with its integrated product lines of pads, conditioners, and slurries and is well positioned to grow in the future. We are excited to be part of that future.”

Nick Gutwein, president of Rohm and Haas Electronic Materials, CMP Technologies, said his company’s investment in Nanophase is a natural extension of the outstanding relationship between the two companies. “We believe that this long-term deal with Nanophase is instrumental in growing our CMP slurry business. Collaborating closely in developing products, we can ensure that we have the best of technology for our customers. Over the past few years we have developed a solid relationship that resulted in innovative slurry products for the STI market. So we are enthusiastic about continuing this alliance for years to come.”

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