Nanophase to collaborate with Eminess Technologies
ROMEOVILLE - Nanophase Technologies Corp. has established development, manufacturing and distribution agreements with Eminess Technologies, Inc., a premier manufacturer and distributor of products for polishing of critical surfaces.
The partnerships will enhance the companies' mutual positions in supplying advanced material solutions to the surface finishing marketplace.
Eminess will begin to manufacture selected Nanophase product lines, and exclusively distribute others. Included in these arrangements, the companies will implement a royalty agreement for certain future sales, along with certain minimum revenue volumes to ensure ongoing benefit for both organizations while we work together to best serve customers in this market, according to Nanophase CEO, Jess Jankowski.
"Our companies have known each other for quite some time. We expect this relationship to extend the reach of our products to a broader market, allow for a higher degree of focus on customer support in polishing and surface finishing areas where Eminess is more deeply established than Nanophase, and also to foster the development of new markets and products that are squarely within the Eminess strategic focus," said Jankowski. "We believe that our material solutions will offer Eminess a market advantage, while allowing Nanophase to quickly deepen a successful supply position in those markets,"
The two companies plan to have commercial and organizational coordination completed in October.