Exousia Advanced Materials, Inc. Signs Exclusive National Distributorship Agreement With Universal Forest Products
Agreement to Distribute TRUSSCORE Result of Strong Product Performance, Positive Customer Response
Eco-Friendly Structural Component Can Replace Wood, Fiberglass, and Other Natural Materials
SUGAR LAND, Texas, March 31 -- Exousia Advanced Materials, Inc. (OTC Bulletin Board:EXOU; News; www.exousiacorp.com), a company that manufactures advanced industrial products for worldwide infrastructure applications and engineered composites for eco-friendly wood substitutes, has signed an exclusive national distributorship agreement with Universal Forest Products (Nasdaq: UFPI - News) to sell TRUSSCORE in industries including cargo trailer manufacturing, concrete forms, and shipping containers, among others.
TRUSSCORE is an RPA(TM) Resin-based composite material that can be used as a structural component that replaces fiberglass reinforced plywood or similar natural materials in various applications. A proprietary resin that bonds rubber and plastic, RPA overcomes problems of poor strength and performance, provides a reusable and recyclable packaging and shipping solution and results in highly improved tensile strength and elongation capability.
Over the past sixty days, Exousia has explored commercial applications with Universal Forest Products (UFP), the nation's leading supplier of engineered packaging, concrete forms and panels for the transportation industry through its fast-growing Industrial Sales Division. During this time, UFP reported overwhelmingly positive response to the product from its customers due to such factors as significant weight savings and corresponding increased fuel economy for cargo boxes and trailers, increased durability for shipping and transportation containers, and the ability to recycle the material. Based on the initial sales response and the immediate nationwide reach of the Industrial Sales Team, Exousia and UFP have entered into this exclusive distributorship agreement.
"We are thrilled to enter into this significant agreement with the nation's leading manufacturer and distributor of specialty industrial products," said Wayne Rodrigue, President and CEO of Exousia. "Universal Forest Products has a tremendous customer base across multiple markets that include industrial, transportation, and shipping, making them an ideal distributor for our products. This contract validates our strong product pipeline and the quality of our advanced materials. It also signifies Exousia's transition from a development-stage company to a revenue generating company."
"Universal continuously looks for new product opportunities to enhance our offering to current and prospective customers," said Doug Honholt, Universal's Vice President of Industrial Sales. "And we look to add partners who share our values of hard work, integrity, persistence and an unwavering focus on the customer. With Exousia and TRUSSCORE, we're able to satisfy all of that: We're adding to our portfolio a superior, proprietary product that's ready for the market and a partner that is hungry for success, driven by solid values, innovative, and customer focused."
Universal Forest will deploy 125 industrial sales people across the U.S. to sell TRUSSCORE. Production of TRUSSCORE is to start immediately with shipments by the truckload and/or railcar to begin in the next few weeks.
For more news and information on Exousia Advanced Materials, Inc. please visit www.IRGnews.com/coi/EXOU where you can find the CEO's video, a fact sheet on the company, investor presentations, and more.
About Universal Forest Products, Inc.
Headquartered in Grand Rapids, Mich., with facilities throughout North America, Universal Forest Products engineers, manufactures and markets wood and wood-alternative products for DIY/retail home centers, structural lumber products for the manufactured housing industry, engineered wood components for the site-built construction market, and specialty wood packaging and components for various industries. The fifty-four-year-old Company also provides framing services for the site-built market and forms for concrete construction. For information about Universal Forest Products, visit www.ufpi.com.
About Exousia Advanced Materials, Inc.
Exousia manufactures advanced resins, engineered particles, high-performance coatings and structural products. Exousia products enhance strength, durability, cost effectiveness and performance for a wide range of manufacturing, commercial and construction applications. The company serves both domestic and international markets. Additional information on Exousia can be found at http://www.exousiacorp.com.
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.
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