Xeriant Appoints Expert in Advanced Materials, Dave Zajac, to its Advisory Board

Rhea-AI Summary

Xeriant, Inc. has appointed Dave Zajac to its Advisory Board to enhance the commercialization of advanced materials and chemicals. Zajac, former General Manager at PPG Industries, will oversee testing and certification processes for innovative technologies, including Movychem's Retacell™ fire protectant. The company has a binding agreement with Xeriant Europe to distribute advanced materials in the U.S. and beyond, aiming for long-term contracts upon certification. The fire protection market is projected to reach $4.5T by 2030, and lubricants are expected to grow to $219B.

Positive

• Appointment of Dave Zajac to Advisory Board brings extensive industry experience.
• Focus on certification and commercialization of innovative advanced materials.
• Potential access to lucrative markets projected at $4.5T for fire protection and $219B for lubricants by 2030.

Negative

• Concerns regarding continuity and experience gaps in management succession.
• Dependence on successful certification processes for commercialization.

Former PPG Executive to Oversee Commercialization of Xeriant’s Green Technologies Partnership

BOCA RATON, Fla., June 30, 2021 (GLOBE NEWSWIRE) -- Xeriant, Inc. (OTC PINK: XERI) (“the Company” or “Xeriant”), a new aerospace technology and advanced materials holding company, announced today the appointment of Dave Zajac to the Company’s Advisory Board, effective immediately. Zajac will play an important role in the testing, certification and commercialization of newly sourced advanced materials and chemicals.

Xeriant signed a binding agreement in January with its affiliate, Xeriant Europe, to represent and exclusively distribute advanced materials and technologies to companies in the U.S. and select international territories. Due diligence is underway, and a definitive agreement between the entities will be finalized upon completion, which is expected in July. Xeriant is in active discussions with companies to execute long-term contracts to purchase Movychem’s Retacell^™ fire protectant and XERI-MC lubricants, as soon as the products are certified in accordance with U.S. standards. The global market for fire protection products is expected to reach $4.5T by 2030, with lubricant products growing to $219B over the same period.

“The addition of Dave Zajac to our Advisory Board demonstrates Xeriant’s commitment to accelerating the development and commercialization of breakthrough advanced materials and chemicals. Dave’s broad range of executive, financial, and technical experience, along with his extensive industry relationships, are invaluable as we move forward,” stated Keith Duffy, CEO of Xeriant.

Zajac has over 40 years of experience as a seasoned building materials executive and held leadership positions with a number of international corporations in the architectural and industrial coatings industries. His background includes advisory work for private equity firms, which lead to several mergers and acquisitions in the building products space, and acted as CEO to run and integrate the newly combined businesses. At PPG Industries, a global Fortune 500 company, he was General Manager of its Architectural Coatings Division which included Pittsburgh Paints, Lucite Paints and Olympic Stains. Dave is currently President and CEO of AMF Building Products, a manufacturer of aluminum building products used in the construction of multifamily, commercial, and residential properties. Zajac founded AMF in 2010, after purchasing WeatherGuard Building Products from a private equity firm.

Dave Zajac commented “These technologies could be groundbreaking in the building materials industry alone, and I look forward to working with Xeriant to successfully shepherd these opportunities from certification through sales.”

About Xeriant

Xeriant, Inc. (d.b.a. Xeriant Aerospace) is a holding and operating company focused on acquiring, developing, and commercializing revolutionary, eco-friendly technologies with applications in aerospace, including innovative aircraft concepts targeting emerging opportunities within the aviation industry. In 2019, Xeriant acquired a unique, scalable, multi-purpose VTOL aerial platform called Halo, which is protected under a broad utility patent. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport. The Company is an OTC Markets public company trading under the stock symbol, XERI. 

For more information, please go to www.xeriant.com

About Xeriant Europe

Xeriant Europe s.r.o., headquartered in Prague, Czech Republic, was founded with the purpose of uncovering leading-edge green technologies with applications in aerospace, primarily from the Czech Republic, and promoting them on the world market, especially in the U.S. The company’s focus is on unique products that are either already being sold or are close to commercialization.

SAFE HARBOR FORWARD-LOOKING STATEMENTS

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Xeriant, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to attract investors.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

XERIANT, INC. CORPORATE

Investor Relations:
(818) 923-5302
IR@xeriant.com
www.xeriant.com

FAQ

What is the significance of Dave Zajac's appointment to Xeriant's Advisory Board?

Dave Zajac's appointment is significant as he brings over 40 years of experience in the building materials sector, expected to accelerate the testing and commercialization of advanced materials.

What technologies will Dave Zajac oversee at Xeriant?

Dave Zajac will oversee the testing, certification, and commercialization of advanced materials and chemicals, particularly Movychem's Retacell™ fire protectant and XERI-MC lubricants.

How does Xeriant plan to benefit from the growth of the fire protection market?

Xeriant aims to capitalize on the projected $4.5T fire protection market by commercializing innovative fire protection products as soon as they receive necessary certifications.

What role does Xeriant Europe play in the company's growth strategy?

Xeriant Europe is crucial in representing and exclusively distributing advanced materials and technologies in the U.S. and select international markets, helping Xeriant expand its reach.