Nanophase Tech Stock Price, News & Analysis

Solésence, Inc. (OTCQB: NANX), formerly known as Nanophase Technologies Corporation, is described as a leader in mineral-based and scientifically driven health care solutions across beauty and life science categories. The company focuses on skin health, with a particular emphasis on mineral-based sun and environmental protection and related beauty applications.

According to company disclosures, Solésence has built a beauty science platform that has "revolutionized mineral-based sun and environmental protection" and has driven strategic growth. The business integrates protection, prevention, and treatment technologies into daily-use products so that beauty and skin health benefits can be combined in a single offering. The company states that it enables beauty brands to deliver unique product claims and attributes by incorporating Solésence technologies into their own products.

Solésence traces its corporate history to Nanophase Technologies Corporation, which was founded in 1989 and went public in 1997. Earlier descriptions of Nanophase highlighted its development, manufacturing, and sale of nanomaterial technologies and engineered nanomaterial products for various markets. Over time, the company’s focus has shifted toward mineral-based skin health and beauty science, culminating in the rebranding to Solésence, Inc. The company’s stock continues to trade on the OTCQB market under the symbol NANX, and the company has announced approval to transfer its listing to the Nasdaq Capital Market, with trading there under the ticker symbol SLSN.

The company reports that it operates in beauty and life science categories, with particular emphasis on skin care, sun care, and color cosmetics. It notes that its technologies and finished products are used by beauty brands across categories and price segments, and that it has supported dozens of beauty brands on a global basis. Solésence highlights that its technologies are mineral-based and that it seeks to maximize transparency, effectiveness, aesthetics, and wearability in mineral-based sun protection, with the goal of making mineral formulations more appealing and usable in everyday beauty routines.

Company communications also describe a history of work in advanced materials. Nanophase previously stated that it developed, manufactured, and sold an integrated family of nanomaterial technologies, producing engineered nanomaterial products for markets that included surface finishing, exterior coatings, personal care, plastics, scratch resistant coatings, and textiles. The company indicated that it had corporate offices, manufacturing, quality, and research and development laboratories in Romeoville, Illinois, and manufacturing operations in Burr Ridge, Illinois. It also noted certifications under ISO 9001:2008 and ISO 14001:2004 standards for these facilities. These details provide historical context for the company’s technical and manufacturing capabilities.

In more recent descriptions, Nanophase and Solésence emphasize a platform of integrated, patented and proprietary technologies used to create products with specific performance characteristics that are intended to enhance consumers' health and well-being. The company states that it delivers engineered materials both as ingredients and as part of fully formulated products in a variety of formats. Within this framework, Solésence Beauty Science is presented as a key part of the business, using patented mineral-based technology that is described as being embraced by performance-driven and clean beauty brands.

Solésence also highlights specific technology platforms. It notes that its beauty science platform earned a patent in 2015 for Active Stress Defense™ Technology, which the company associates with mineral-based sun and environmental protection. In addition, company communications reference Kleair™ technology, which is described as optimizing zinc oxide to improve its efficacy and aesthetics while maintaining purity to meet global requirements. Solésence states that Kleair™ is available exclusively through its finished goods and that it has been recognized with awards in the beauty industry.

From an operational perspective, the company reports that it manufactures and ships finished goods, and that it has added clean room capacity and automation to support production growth. It has also referenced expanded batch-making capabilities at a facility in Bolingbrook, Illinois, which the company associates with increased capacity for its consumer products line. These operational details, together with the company’s long-standing experience in engineered materials, suggest that Solésence combines materials science, formulation development, and manufacturing for beauty and skin health applications.

Solésence positions its mission around "delivering joy through innovation, inclusivity and the science of beautiful skin" and emphasizes self-care and self-expression. It presents its mineral-based products as providing skin health benefits, including protection from environmental aggressors, and as being designed to integrate into daily beauty routines. The company’s communications indicate that it has received industry recognition, including awards related to formulation in beauty industry events, which it associates with its mineral-based technologies.

Business focus and market role

Based on company statements, Solésence’s business centers on mineral-based skin health technologies used in beauty and life science categories. Historically, under the Nanophase name, the company described itself as an innovator in mineral-based and scientifically driven healthcare solutions, as well as in legacy advanced materials applications. Over time, the Solésence brand has become the focal point of its strategy, particularly in beauty and skin health.

The company notes that it works with beauty brands rather than positioning itself solely as a consumer-facing brand. It describes enabling brands to bring products to market that combine protection, prevention, and treatment functions, and it emphasizes the ability to support a range of categories and price segments. This indicates a business model in which Solésence provides technologies, ingredients, and fully formulated products that other brands can use.

Historical context: Nanophase Technologies Corporation

Nanophase Technologies Corporation’s earlier descriptions provide background on the company’s technical foundation. The company stated that it developed, manufactured, and sold nanomaterial technologies and engineered nanomaterial products. It cited applications in surface finishing, exterior coatings, personal care, plastics, scratch resistant coatings, and textiles. It also noted that it had evolved from solely a producer of nanoparticles into an integrator of commercially scaled nanomaterial technologies focused on market and customer applications.

This historical information helps explain the scientific and manufacturing capabilities that underpin Solésence’s current focus on mineral-based skin health and beauty science. The transition from Nanophase Technologies Corporation to Solésence, Inc. reflects a strategic emphasis on skin health and beauty applications, while retaining a base in materials science and engineered mineral technologies.

Trading and corporate identity

The company’s common stock has traded on the OTCQB market under the symbol NANX. Company announcements state that the stock will continue to trade under the NANX ticker symbol in connection with the rebranding to Solésence, Inc., and that the company has received approval to transfer its listing to the Nasdaq Capital Market, where it will trade under the ticker symbol SLSN. These developments are presented by the company as part of its growth and as a way to increase visibility within the investment community.

FAQs about Solésence, Inc. (NANX)

• What does Solésence, Inc. do?
  Solésence, Inc. focuses on mineral-based and scientifically driven health care solutions across beauty and life science categories, with an emphasis on skin health and mineral-based sun and environmental protection. It provides technologies and products that beauty brands use in skin care, sun care, and color cosmetics.
• How is Solésence related to Nanophase Technologies Corporation?
  Nanophase Technologies Corporation announced that it is rebranding as Solésence, Inc. The company’s historical name reflects its origins in nanomaterial technologies, while the Solésence name emphasizes its current focus on skin health and beauty science.
• What markets does Solésence serve?
  Company communications state that Solésence operates across beauty and life science categories, supporting brands in skin care, sun care, and color cosmetics. It reports working with dozens of beauty brands across categories and price segments and notes activity on a global basis.
• What is the company’s core technology focus?
  Solésence highlights mineral-based technologies for sun and environmental protection and skin health. It references patented platforms such as Active Stress Defense™ Technology and Kleair™ technology, which are associated with mineral-based sun protection and optimized zinc oxide performance.
• How does Solésence work with beauty brands?
  The company states that it enables brands to deliver unique product claims and attributes by integrating Solésence protection, prevention, and treatment technologies into daily use products. It also notes that it delivers engineered materials as ingredients and as part of fully formulated products.
• Where is the company based?
  Company information references Romeoville, Illinois, as the location of corporate offices, manufacturing, quality, and research and development laboratories, and mentions additional manufacturing operations in Burr Ridge, Illinois. It has also described expanded batch-making capabilities at a facility in Bolingbrook, Illinois.
• On which market does NANX trade?
  The company’s common stock has traded on the OTCQB market under the symbol NANX. The company has also announced approval to transfer its listing to the Nasdaq Capital Market, where its shares are expected to trade under the ticker symbol SLSN.
• What is the company’s mission?
  Solésence describes its mission as delivering joy through innovation, inclusivity, and the science of beautiful skin. It emphasizes combining skin health solutions with self-care and self-expression, and it aims to make mineral-based sun protection more transparent, effective, aesthetically pleasing, and wearable.