SUGAR LAND, Texas - Feb. 28 -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU) announces that American Cargo Products (ACP) has placed an order for one hundred and fifty commercial cargo boxes to be constructed using Exousia's RPA(TM) based TrussCore(TM) Laminated Panels.
Mr. Barney Simon, President of American Cargo Products (www.americancargo.com), said, "The RPA and TrussCore materials are receiving outstanding feedback from everyone who has seen the new trucks. With Exousia's material, we can build stronger, safer trucks that weigh 750 lbs. less than using traditional materials. That means our new trucks can transport more cargo per trip and realize the fuel cost savings of hauling less weight, not to mention less wear and tear on the brakes, shocks and tires."
"Due to the lighter weight of Exousia's material the potential energy savings are remarkable," continued Mr. Simon. "The materials are so strong that it will not be uncommon for the cargo box to outlast the truck chassis and be re-fitted with another one. Additionally, the TrussCore materials and aluminum fasteners used to assemble the cargo boxes are all recyclable."
"We're excited about what this new order means for Exousia," acknowledged Exousia's VP of Corporate Development, Mr. Elorian Landers. "In addition to the increased revenue, we're going to have another 150 trucks that will be providing 'on the road advertising'. More trucks on the road will fuel the demand for additional truck orders."
"By utilizing Exousia's materials we'll be able to produce a greener, more fuel efficient and safer product," added Mr. Simon. We're looking to double our truck volume by next year and then triple it the following year," Mr. Simon continued. "The potential for Exousia's materials is enormous. Based on the strong interest we have already received from American Cargo customers I personally believe that the industry will move to RPA TrussCore-based cargo boxes."
"This order is another milestone in Exousia's mission to build market share in the $40 million cargo box segment of the $1.2 billion trucking industry", stated Exousia CEO, J. Wayne Rodrigue. "Even more important is that this order validates our business model of design, test, prototype and then expand. Just a few months ago the first truck rolled off the production line and now we are already beginning to see our plans materialize."
RPA is a proprietary TPO (thermo-plastic olefin) resin that bonds rubber and plastic to produce a new category of resins with enhanced performance characteristics that include greater resilience, the ability to sustain high impact, and increased longevity. TrussCore is an RPA-based structural core. In the manufacturing process, sheets of RPA are vacuum-pulled into an open honeycomb structure. The TrussCore is then laminated with RPA sheets to produce structural panels with substantial strength relative to weight. TrussCore is also UV and moisture-resistant.
ABOUT EXOUSIA ADVANCED MATERIALS, INC.
Exousia supplies advanced resins, engineered particles, and industrial products. Exousia products enhance strength, durability, cost effectiveness and performance for a wide range of manufacturing, commercial and construction applications. The Company markets into both domestic and international markets.
FOR FURTHER INFORMATION & DISCUSSION
Investors are invited to visit the Exousia Advanced Materials IR Hub at AGORACOM: http://www.agoracom.com/ir/Exousia where they can post questions and receive answers or review questions & answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to: mailto:EXOU@agoracom.comwhere they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
FORWARD LOOKING STATEMENTS
Statements released by Exousia Advanced Materials, Inc. that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995 including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward looking statements contained in this release.
CONTACT
Brokers:
Surety Financial Group, LLC
(410) 833-0078
Investors:
http://www.agoracom.com/ir/Exousia
