April 17, 2010 (FinancialWire) — Nanophase Technologies Corp. (NASDAQ: NANX), a technology leader in the development of advanced nanoengineered products, has regained compliance with the minimum bid price requirement of NASDAQ Listing Rule 5450.

On December 18, 2009, Nanophase received notice from the NASDAQ Stock Market that the closing bid price of its common stock had fallen below $1.00 for 30 consecutive business days and was, therefore, not in compliance with NASDAQ Listing Rule 5450(a) (1).

Nanophase was provided a 180-day grace period, scheduled to end June 16, 2010, to regain compliance with the rule by maintaining a bid price for the company's common stock at $1.00 or higher for a minimum of 10 consecutive business days within the stated 180-day grace period, a requirement that was met on April 12, 2010.

NASDAQ has confirmed to Nanophase that it has regained compliance with this listing standard as of April 12, 2010.

Nanophase Technologies Corp., www.nanophase.com, is a leader in nanomaterials technologies and provides nanoengineered products and solutions for multiple industrial product applications. Nanophase delivers commercial quantity and quality nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media.

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