Exousia Announces Relationship with Pinggao Electric
Thu Sep 3, 2:13 PM
SUGAR LAND, Texas, Sept. 3 /PRNewswire-FirstCall/ -- Exousia Advanced Materials, Inc. (OTC Bulletin Board: EXOU.OB), a manufacturer of advanced industrial coatings for worldwide infrastructure applications and engineered composites for eco-friendly wood substitutes, is pleased to announce that Pinggao Electric, one of the largest equipment manufacturers to the power industry in all of China, has specified Exousia's Power Shield Coatings to be applied to all transformers produced by Pinggao.
Exousia CEO, Wayne Rodrigue, stated, "Pinggao Electric manufactures transformers that range in size and price up to $100M RMB ($1.5M USD) per unit. They have a unique problem with the finishing coating on the transformers prior to and after shipping. Exousia's technical team created a coating solution for them that Pinggao has completed testing on. They were so pleased with the results that they have specified Exousia's Power Shield Coatings for use on all of the future transformers Pinggao produces."
Mr. Rodrigue further explained, "Pinggao is aligned with companies controlling 75% of China's power grid. Pinggao's single largest customer, Southern China Power, controls the remaining 25%. This effectively puts us in position to be a supplier to 100% of China's electrical power grid."
"Orders should begin to flow in from Pinggao as soon as possible," continued Mr. Rodrigue. "We are putting projections together now with the understanding that Pinggao coats transformers and other equipment ten hours a day, 7 days a week. This is a huge revenue generation opportunity for Exousia now and into the future as China continues to expand their electrical grid throughout their whole countryside."
About Pinggao Electric
Pinggao Electric is occupying area of 280 157.39 m2. The total employees in Pinggao Electric is 2 930 up to now, among them, more than 860 persons graduated from college or university, 22 persons with master or doctor degree, 7 persons with subsidy for special experts given by State Department of China, 19 persons are senior engineers. Now, under the flag of Pinggao Electric, there are five holding or relative holding companies (including two Sino-Japan joint ventures) and 10 daughter companies. The registered capital of Pinggao Electric is 311 950 000 yuan (RMB). Based on the strategy of 'self-development combining with imported technology', 'adaptive development combining with strategic development' ,'production combining with study and research', and the way for technical innovation and development of 'the predominance complementing each other', Pinggao contacted and cooperated with some of the Global 500 Companies such as Toshiba, ABB, Alstom, etc. early or late, and established two joint ventures successfully: 1) Henan Pinggao-Toshiba High Voltage Switchgear Co., Ltd., set up with Toshiba of Japan, first-class enterprise in the world for manufacturing GIS, with registered capital of 12 500 000 US dollars and total investment of 21 000 000 US dollars (Pinggao and Toshiba holds 50% stocks each), has the capability for manufacturing 900 million yuan (RMB) of production value; 2) Pingdingshan Pinggao-Yaskawa Switchgear Apparatus Co., Ltd., set up with Yaskawa Motor Company, with registered capital of 5 million yuan (RMB), in which, Pinggao holds 60% stocks, Yaskawa 40%. The products of Pinggao, mainly high voltage switchgear, are key technical equipment of China, and play an important role in national economy, especially in power system constructions of China, they are widely used in national-class power network and key projects, and have been imported to Southeast Asia, Middle East, Latin America, South Africa and other countries.
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.
Brokers:
Surety Financial Group, LLC
410-833-0078
SOURCE Exousia Advanced Materials, Inc.




