Xiom Corp. Teams With New Bedford Coatings

West Babylon,NY - Xiom Corp. manufacturer of the on-site plastic powder coating spray system, has announced 50 percent ownership of a new joint venture, New Bedford Coatings LLC of New Bedford, MA. This new venture will focus on applying Xiom's plastic protective coatings on the more than 700 sea-going fishing trawlers in the New Bedford Harbor fishing fleet. The fleet is a $2B dollar commercial enterprise. Because Xiom's coatings are actually a hard plastic, they are more durable and weather resistant than conventional powder coating and will provide the trawlers superior protection against the elements at a fraction of previous maintenance costs.

Charlie Quinn, president of New Bedford Coatings LLC, says that "keeping protective paint coatings on the fleet is a $200B proposition each year." It is expected that Xiom's coatings--solvent-free plastic coatings that are applied using Xiom's portable application systems--will go a long way in reducing that $200M annual maintenance bill. Xiom's coatings are heavy duty tough coatings that are designed for maximum protection in difficult environments.

In addition to protecting surfaces from the harmful effects of UV and salt water, Xiom has a line of specialized functional coatings have anti-foul properties. New Bedford Coatings plans to apply Xiom's anti-foul coatings to the underside of hulls to minimize marine growth. Anti-corrosion coatings will be applied to trawler superstructures, and anti-microbial coatings will be used on the ships' holding tanks. When applied to trawler decks, Xiom's anti-skid coatings will help ensure crew safety.

Andrew Mazzone, president of Xiom Corp., calls this "an exciting joint venture. For Xiom, it is the first of many joint ventures in the protective coatings area. It enables us to share in the service revenue for applying coatings in addition to selling equipment and materials used to perform the coating services."

Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in ht Company's filings with the Securities and Exchange Commission. Nothing in this press release shall be construed as an offer to buy or sell any securities herein.

SOURCE: Xiom Corp