Nanophase Announces Successful Litigation Settlement

April 11, 2024

ROMEOVILLE, Ill., April 11, 2024 (GLOBE NEWSWIRE) — Nanophase Technologies Corporation (OTCQB:NANX), a leader in mineral-based and scientifically-driven health care solutions across beauty and life science categories — with innovations that protect skin from environmental aggressors and aid in medical diagnostics — announced today that it has agreed to a successful and amicable resolution of all ongoing litigation with BASF. The parties have executed a Settlement Agreement, an amendment to their existing supply contract, and a joint stipulation to dismiss the case with prejudice to be filed in the Superior Court of New Jersey within the next five business days.

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