SUGAR LAND, Texas, April 17 -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU) announces that it is moving forward with strategic marketing partner Northern International Group (NIG) to introduce Structurally Insulated Panels - SIPs - to the Chinese housing industry. The two companies have entered into a Letter of Intent to jointly market and manufacture SIPs housing in China. This agreement provides Exousia the opportunity to commercialize the company's technical competencies and experience it possesses in SIPs manufacturing while NIG establishes manufacturing operations in China to supply the Under the terms of the agreement, Exousia and NIG intend to form a joint venture to manufacture and market SIPs homes in China to supply the enormous demand for cost-effective, quick-build residential housing. Exousia will provide NIG with model homes and home designs, along with factory equipment and training. NIG will become the Chinese manufacturer of SIPs components, and both companies will collaborate on marketing. To introduce the SIPs concept, the companies plan to construct a model home in Tianjin. The targeted volume is to manufacture up to 3,000 middle class homes, with initial activity anticipated in the range of 200 homes.
The Chinese economy is ideally suited to adopt SIPs on a large-scale. The high-growth Chinese economy is driving rapid increases in personal income and urbanization. Demand for real estate is booming with prices rising 15%-30% per year in major metropolitan areas. The Chinese are also demanding larger, more Western-style homes. Between 2000 and 2007, per capita living space increased from 10.3 square meters to 27 square meters. In order to house 1.3 billion Chinese in dwellings consistent with their increased income levels, China needs construction techniques to quickly and cost-effectively erect housing structures. SIPs construction is an excellent solution.
SIPs is a mature, industry-accepted and building-code compliant construction technique. SIPs are pre-formed building components that are assembled into structures on building sites. The panels consist of rigid insulating foam laminated between two sheets of Oriented Strand Board. SIPs replace traditional framing for wall and roof systems, and exceed ordinary load and span capacities of conventional home construction methods. With SIPs, homes can be built 30%-40% faster, cost 30%-40% less to heat and cool, and are made with non-toxic, termite resistant materials.
"The SIPs construction technique fits perfectly with the needs of the Chinese economy," notes Exousia CEO J. Wayne Rodrigue. "Exousia is excited about the opportunity to participate in this vital sector."
About Exousia
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 serves both domestic and international markets. More information on Exousia can be found at www.exousiacorp.com.
For Further Investor Information:
Investors may visit the Exousia's IR Hub at:
http://www.agoracom.com/ir/Exousia
On the IR Hub investors may view and post questions and answers, or request to be added to the investor e-mail list to receive future press releases and updates. Investor correspondence may be emailed to: EXOU@agoracom.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&;;quot; 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:
Surety Financial Group, LLC
(410) 833-0078
www.suretyfingroup.com
