Nanophase Announces New Chief Financial Officer
March 20 2018 - 9:00AM
Nanophase Technologies Corporation (OTCQB:NANX), a technology
leader in nanomaterials and advanced nanoengineered products,
announced today that the Company has hired Jaime Escobar to serve
as its Chief Financial Officer. “We are excited to add an
executive with Jaime’s financial background and industry-specific
experience to our executive team,” stated Nanophase CEO and
President Jess Jankowski.
Prior to becoming a member of the Nanophase
team, Mr. Escobar held positions in a series of manufacturing
companies with consistently expanding responsibilities, involvement
with multiple operating and distribution sites, including cosmetics
and skin care offsite manufacturing. Most recently, he served
as Controller of CGW, a manufacturer and distributor of abrasives,
and has also had significant experience as Controller of Amcol HBS,
a designer and manufacturer of cosmetics and skin care
products. Mr. Escobar holds a BS (in Accounting with a minor
in Business Administration) from Northeastern Illinois University,
as well as a CPA license from the State of Illinois. His
first day of employment will be March 26, 2018.
“Jaime’s experience relating to the production
of fully formulated finished products is something we expect to
capitalize on as we continue expanding our Solésence business in
2018 and beyond,” commented Jankowski. “He has a rich and
varied set of professional experiences that we expect to serve our
Company and all of its stakeholders very well.”
About Nanophase
TechnologiesNanophase Technologies Corporation (NANX),
www.nanophase.com, is a leader in nanomaterials technologies and
provides nanoengineered solutions for multiple industrial product
applications. Using a platform of patented and proprietary
integrated nanomaterial technologies, the Company creates products
with unique performance attributes from two ISO 9001 and ISO 14001
registered facilities. Nanophase delivers commercial quantity and
quality nanoparticles, coated nanoparticles, and nanoparticle
dispersions in a variety of media.
Forward-Looking StatementsThis
press release contains words such as “expects,” ”shall,” “will,”
“believes,” and similar expressions that are intended to identify
forward-looking statements within the meaning of the Safe Harbor
Provisions of the Private Securities Litigation Reform Act of 1995.
Such statements in this announcement are made based on the
Company’s current beliefs, known events and circumstances at the
time of publication, and as such, are subject in the future to
unforeseen risks and uncertainties that could cause the Company’s
results of operations, performance and achievements to differ
materially from current expectations expressed in, or implied by,
these forward-looking statements. These risks and uncertainties
include, without limitation, the following: a decision by a
customer to cancel a purchase order or supply agreement in light of
the Company’s dependence on a limited number of key customers;
uncertain demand for, and acceptance of, the Company’s
nanocrystalline materials; the Company’s manufacturing capacity and
product mix flexibility in light of customer demand; the Company’s
limited marketing experience; changes in development and
distribution relationships; the impact of competitive products and
technologies; the Company’s dependence on patents and protection of
proprietary information; the resolution of litigation in which the
Company may become involved; the impact of any potential new
government regulations that could be difficult to respond to or too
costly to comply with while remaining financially viable; the
ability of the Company to maintain an appropriate electronic
trading venue; and other factors described in the Company’s Form
10-K filed March 29, 2017. In addition, the Company’s
forward-looking statements could be affected by general industry
and market conditions and growth rates. Except as required by
federal securities laws, the Company undertakes no obligation to
update or revise these forward-looking statements to reflect new
events, uncertainties or other contingencies.
COMPANY CONTACTNancy BaldwinInvestor
Relations630-771-6708
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