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Technology Stocks : Nanophase Technologies (NANX) -- Ignore unavailable to you. Want to Upgrade?


To: Ben Wa who wrote (312)4/6/2001 12:22:31 AM
From: Jerryco1  Respond to of 322
 
How Nanotechnology Will Work
by Kevin Bonsor


In the early 20th century, Henry Ford built a car manufacturing plant on a 2,000-acre tract of land along the Rouge River in Michigan. Built to mass-produce automobiles more efficiently, the Rouge housed the equipment for developing each phase of a car, including blast furnaces, a steel mill and a glass plant. More than 90 miles of railroad track and conveyor belts kept Ford's car assembly line running. The Rouge model was lauded as the most efficient method of production at a time when bigger meant better.

Nanogears like these may replace manufacturing processes as we know them.

The size of Ford's assembly plant would look strange to those born and raised in the 21st century. In the next 50 years, machines will get increasingly smaller -- so small that thousands of these tiny machines would fit into the period at the end of this sentence. Within a few decades, we will use these nanomachines to manufacture consumer goods at the molecular level, piecing together one atom or molecule at a time to make baseballs, telephones and cars. This is the goal of nanotechnology. And as televisions, airplanes and computers revolutionized the world in the last century, scientists claim that nanotechnology will have an even more profound effect on the next century.

Nanotechnology is an umbrella term that covers many areas of research dealing with objects that are measured in nanometers. A nanometer (nm) is a billionth of a meter, or a millionth of a millimeter. In this edition of How Stuff Will Work, you will learn how nanomachines will manufacture products, and what impact nanotechnology will have on various industries in the coming decades.

Building with Atoms
Atoms are the building blocks for all matter in our universe. You and everything around you are made of atoms. Nature has perfected the science of manufacturing matter molecularly. For instance, our bodies are assembled in a specific manner from millions of living cells. Cells are nature's nanomachines. Humans still have a lot to learn about the idea of constructing materials on such a small scale. Consumer goods that we buy are made by pushing piles of atoms together in a bulky, imprecise manner. Imagine if we could manipulate each individual atom of an object. That's the basic idea of nanotechnology, and many scientists believe that we are only a few decades away from achieving it.

Photo courtesy NASA, Ames
Nanogears no more than a nanometer wide could be used to construct a matter compiler, which could be fed raw material to arrange atoms and build a macro-scale structure.


Nanotechnology is a hybrid science combining engineering and chemistry. Atoms and molecules stick together because they have complementary shapes that lock together, or charges that attract. Just like with magnets, a positively charged atom will stick to a negatively charged atom. As millions of these atoms are pieced together by nanomachines, a specific product will begin to take shape. The goal of nanotechnology is to manipulate atoms individually and place them in a pattern to produce a desired structure. There are three steps to achieving nanotechnology-produced goods:

Scientists must be able to manipulate individual atoms. This means that they will have to develop a technique to grab single atoms and move them to desired positions. In 1990, IBM researchers showed that it is possible to manipulate single atoms. They positioned 35 xenon atoms on the surface of a nickel crystal, using an atomic force microscopy instrument. These positioned atoms spelled out the letters "IBM." You can view this nano-logo on this page.

The next step will be to develop nanoscopic machines, called assemblers, that can be programmed to manipulate atoms and molecules at will. It would take thousands of years for a single assembler to produce any kind of material one atom at a time. So, trillions of assemblers will be needed to develop products in a viable time frame.

In order to create enough assemblers to build consumer goods, some nanomachines, called replicators, will be programmed to build more assemblers.
Trillions of assemblers and replicators will fill an area smaller than a cubic millimeter, and still will be too small for us to see with the naked eye. Assemblers and replicators will work together like hands to automatically construct products, and will eventually replace all traditional labor methods. This will vastly decrease manufacturing costs, thereby making consumer goods plentiful, cheaper and stronger. In the next section you'll find out how nanotechnology will impact every facet of society, from medicine to computers.

A New Industrial Revolution
In January 2000, U.S. President Bill Clinton requested a $227-million increase in the government's investment in nanotechnology research and development, which includes a major new initiative called the National Nanotechnology Initiative (NNI). This initiative nearly doubles America's 2000-budget investment in nanotechnology, bringing the total invested in nanotechnology to $497 million for the 2001 national budget. In a written statement, White House officials said that "nanotechnology is the new frontier and its potential impact is compelling."

About 70 percent of the new nanotechnology funding will go to university research efforts, which will help meet the demand for workers with nanoscale science and engineering skills. The initiative will also fund the projects of several governmental agencies, including the National Science Foundation, the Department of Defense, the Department of Energy, the National Institutes of Health, NASA and the National Institute of Standards and Technology. Much of the research will take more than 20 years to complete, but the process itself could touch off a new industrial revolution. Nanotechnology is likely to change the way almost everything, including medicine, computers and cars, are designed and constructed. Nanotechnology is anywhere from five to 15 years in the future; and we won't see dramatic changes in our world right away. But let's take a look at the potential effects of nanotechnology:

The first products made from nanomachines will be stronger fibers. Eventually, we will be able to replicate anything, including diamonds, water and food. Famine could be eradicated by machines that fabricate foods to feed the hungry.

In the computer industry, the ability to shrink the size of transistors on silicon microprocessors will soon reach its limits. Nanotechnology will be needed to create a new generation of computer components. Molecular computers could contain storage devices capable of storing trillions of bytes of information in a structure the size of a sugar cube.

Nanotechnology may have its biggest impact on the medical industry. Patients will drink fluids containing nanorobots programmed to attack and reconstruct the molecular structure of cancer cells and viruses to make them harmless. There's even speculation that nanorobots could slow or reverse the aging process, and life expectancy could increase significantly. Nanorobots could also be programmed to perform delicate surgeries -- such nanosurgeons could work at a level a thousand times more precise than the sharpest scalpel. By working on such a small scale, a nanorobot could operate without leaving the scars that conventional surgery does. Additionally, nanorobots could change your physical appearance. They could be programmed to perform cosmetic surgery, rearranging your atoms to change your ears, nose, eye color or any other physical feature you wish to alter.

Nanotechnology has the potential to have a positive effect on the environment. For instance, airborne nanorobots could be programmed to rebuild the thinning ozone layer. Contaminants could be automatically removed from water sources and oil spills could be cleaned up instantly. And manufacturing materials using the bottom-up method of nanotechnology also creates less pollution than conventional manufacturing processes. Our dependence on non-renewable resources would diminish with nanotechnology. Many resources could be constructed by nanomachines. Cutting down trees, mining coal or drilling for oil may no longer be necessary. Resources could simply be constructed by nanomachines.
The promises of nanotechnology sound great, don't they? Maybe even unbelievable? But researchers say that we will achieve these capabilities within the next century. And if nanotechnology is, in fact, achieved, it might be the human race's greatest scientific achievement yet, completely changing every aspect of the way we live.



To: Ben Wa who wrote (312)6/3/2001 11:32:11 AM
From: Jerryco1  Respond to of 322
 
Press Release
SOURCE: Nanophase Technologies Corporation
Nanophase Technologies Clarifies Media Misstatements
BURR RIDGE, Ill., June 2 /PRNewswire/ -- Nanophase Technologies Corporation (Nasdaq: NANX - news), a leader in nanomaterials and nanoengineered products, today clarified its announcement of June 1 to correct various erroneous information alleged in certain media reports, notably CBS MarketWatch, which appeared on both June 1 and 2.

The company's June 1 announcement, concerning a European customer's recent disclosures to Nanophase, quoting Joseph Cross, president and CEO, stated: ``Given this very recent development, we expect that Q2 revenue will now be in the approximate range of $1.1 million to $1.2 million. We now believe that our previous annual projection of approximately $10 million will probably be decremented by the $2 million to $2.5 million our European customer previously forecasted. However, we still have significant business development opportunities in process that may positively impact 2001 revenue.''

In clarification, the company states that the earlier estimate of 2001 annual revenue of approximately $10 million probably would be reduced by the loss of revenue estimated for the European customer of $2.0 million to $2.5 million, which was based on the customer's previous commitments and forecast to Nanophase. This has prompted Nanophase to revise its 2001 revenue estimate downward from $10 million to between $7.5 million and $8 million. However, Nanophase still has significant business development opportunities in process that may positively impact 2001 revenue by the end of the year.

The company reiterates that Nanophase owns and retains the patented and proprietary technology to create, surface treat, and suspend the materials in liquid fuels to attain the desired catalytic activity to make the application successful. As stated in the earlier announcement, quoting Cross: ``Based on our technical success, we are in the process of protecting our intellectual property and proprietary knowledge about the unique advantages our two core nanotechnologies provide to make this application successful. This particular application has been well documented in the fuel additive literature and initial results of testing have demonstrated certain emission reductions and specific major engine performance improvements that have been surprisingly promising. The change in the paradigm is our unique ability to both manufacture the appropriate nanoparticles, less than 15 nanometers in diameter, and surface treat each particle to achieve highly stable dispersions in liquid fuels.''

The company also reiterates that it plans to determine a timely and appropriate strategy to market the catalytic fuel additive materials. As stated in the earlier announcement, quoting Cross: ``The global market potential is too significant to have an exclusive relationship that is not functioning as needed. While we may continue to supply nanomaterial to this customer in the future, we believe that the large market potential demands a broader consortium of partners to achieve the market penetration and success the product appears to warrant. We have started initiatives to achieve this and plan to increase our activities to find appropriate partners.''

Nanophase Technologies Corporation provides engineered solutions utilizing nanocrystalline materials for a variety of industrial product applications. Using proprietary technology to produce nanocrystalline materials, the company creates products with unique performance attributes. The company's global customer base includes Fortune 500 companies. Nanophase trades on the Nasdaq NMS under the symbol ``NANX.'' Visit the company's web site at www.nanophase.com .

The words ``expect'', ``anticipates, ''plans``, ''forecasts`` and similar expressions are intended to identify forward looking statements. Statements contained in this news release that are not historical facts are forward looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's current beliefs, and a number of important factors could cause actual results for future periods to differ materially from those expressed in this news release. These important factors include, without limitation: a decision of the customer to cancel a purchase order or supply agreement; demand for, and acceptance of, the Company's nanocrystalline materials; changes in development and distribution relationships; the impact of competitive products and technologies; and other risks indicated in the Company's current Annual Report on Form 10-K, as filed with the Securities and Exchange Commission. Nanophase undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties.

For Additional Information on Nanophase Technologies by fax at no cost, Dial 1-800-PRO-INFO, Code NANX

SOURCE: Nanophase Technologies Corporation