ROMEOVILLE, Ill. -- In an attempt to clarify the apparent confusion in the marketplace, Nanophase Technologies Corp. here today elaborated on its deal with Rodel Inc. in the slurry materials arena.
Under the terms, announced on Wednesday, Rodel will combine its patented chemistries with Nanophase's new nanoparticle technology to develop and market new chemical mechanical polishing (CMP) slurries for the semiconductor industry.
Phoenix-based Rodel, part of Rohm and Haas, is a dominant materials supplier to the semiconductor industry. At the same time, Nanophase is also a provider of materials, including the supplier for a "leading European photomask manufacturer."
Concerning the announcement, Joseph Cross, Nanophase's president and CEO, noted that the arrangement with Rodel is a mutually exclusive partnership for specific material. Cross stated that Nanophase has been working with multiple companies in the CMP arena for a variety of applications, including semiconductors.
The Rodel/Nanophase arrangement is a five-year partnership. The supply agreement with appreciable revenues targeted for 2003, with volume production slated through 2005 and beyond.
Nanophase currently believes that applications in CMP potentially represent revenue opportunities that approach the size of the company's personal care and sunscreen markets.
The company also noted that it is confident in its previous guidance for the first half of 2002 ending June 30. It continues to expect revenues of $3.0 million for the period, or an approximate 40% increase over the same period of 2001. It also remains comfortable with its previous guidance for the third quarter and 2002.