Exousia Advanced Materials, Inc. Begins Shipping Power Shield(TM) to China United Engineering Corporation
Order Represents Company's Continued Expansion in China
SUGAR LAND, Texas, May 13 -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU), a company that manufactures advanced industrial coatings for worldwide infrastructure applications and engineered composites for eco-friendly wood substitutes, has begun shipping its Power Shield(TM) industrial coatings product to China United Engineering Corporation (CUC).
CUC is a large-scale engineering, design, and construction enterprise headquartered in Hangzhou, China. With more than 2,500 employees, CUC engages in numerous project categories including general contracting, infrastructure and industrial projects, industrial equipment, energy and environmental, civil construction projects, urban planning, geotechnical engineering, and construction supervision.
The initial order from CUC represents about $50,000 of coatings. Exousia's relationship with CUC will begin in central China; however, CUC has reach across Asia and has completed over one hundred overseas projects in more than twenty countries and regions, providing an opportunity for Exousia to expand to those countries and regions. As noted in previous press releases, Exousia has received orders to ship its product to companies in the northern region of China; this new relationship allows the company to immediately expand into the central China region. Exousia has relationships established in all six regions of China, to which it anticipates shipping product in the future.
"Our strategy for growth throughout China is to first identify and establish a key client in our target region that has the ability to order a minimum of $10 million in coatings per year," explained Wayne Rodrigue, Exousia Chairman and CEO. "In these respects, CUC is an ideal partner, as they not only gain us access to central China, but provide Exousia with the opportunity to expand throughout Asia and beyond to the various other countries across the globe with whom they conduct business. As exemplified by our relationship with CUC, once we have engaged with a client, we then ship an initial sample order of between $50,000 to $100,000, followed by rapid production ramp-up once the test orders are completed. We look forward to expanding our relationship with CUC and to Exousia's future growth throughout all regions of China."
For more news and information on Exousia Advanced Materials, Inc., please visit http://irgnews.com/coi/EXOU where you can find a fact sheet on the company, investor presentations, and more.
About China United Engineering Corporation
China United Engineering Corporation (CUC, http://en.chinacuc.com) is a large-scale scientific and technological enterprise, which was established based on the former Second Design and Research Institute of MMI, and united several national survey and design institutes with A-Class qualification, namely the Third Design and Research Institute of MMI, the Eleventh Design and Research Institute of MMI (China United Northwest Institute for Design and Research), and the Geotechnical Investigation and Design Institute of MMI. Under the leadership of the state-owned large-scale enterprise group China National Machinery Industry Corporation (SINOMACH), CUC is headquartered in Hangzhou.
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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