Represents Significant Expansion of Patent Portfolio, Accelerates Product Development Roadmap
SUGAR LAND, Texas, - Jan. 7 - Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU) announces the acquisition of key intellectual property from Composite Particles, Inc. In an agreement with Composite Particles, Exousia acquired all the rights, title, interest and associated know-how in three patents pertaining to the surface modification of rubber and plastic particles. As a condition of the acquisition, the inventor, Dr. Bernard Bauman, will become an advisor to Exousia on technical extensions and improvements of the patents as well as matters related to new product development and commercialization.
The patents are significant as they provide Exousia with full ownership of the underlying intellectual property to its VISTAMER® rubber engineered particle, which Exousia previously sold under license. VISTAMER® rubber is a performance additive for plastics, concrete, epoxy, latex and polysulfides that improves impact resistance, tear resistance, adhesive strength, traction, toughness, flexibility and abrasion resistance. Exousia integrates surface- modified particles into its own products, such as E-CORE(TM) Structural Foam and its family of BIO-Shield(TM) industrial coatings, and sells them directly to manufacturers as a performance additive in their products. The patents will also allow Exousia to develop plastic-based particles, which significantly expands product development possibilities.
Surface-modified particles provide significant benefits for numerous industrial products. Exousia has developed high-volume applications where these particles can deliver breakthrough performance enhancements, and the Company is well positioned to successfully commercialize the technology. This acquisition represents a major milestone for the company.
About Exousia Advanced Materials, Inc.
Exousia manufactures 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.com where 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
