TMF Corporation Exec Joins Xeriant to Head Up New Manufacturing Subsidiary for Green Building Materials

Tom Fitzgerald, Jr. to become VP of Composites Manufacturing

BOCA RATON, Fla., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Xeriant, Inc. (OTCQB: XERI) (“Xeriant” or “the Company”), a Company dedicated to the discovery, development and commercialization of aerospace technologies and advanced materials, announces today that Tom Fitzgerald, Jr. has joined Xeriant as Vice President of Composites Manufacturing. In this position, Fitzgerald will be responsible for setting up operations and executing mass production of Xeriant’s green building materials under a newly formed subsidiary called BlueGreen Composites (“BlueGreen”). He was formerly Executive Vice President of TMF Corporation (“TMF”), an innovative plastic industrial products manufacturer based in Pennsylvania.

The announcement follows months of collaboration between Xeriant and TMF on the development of a high-volume, automated production method for DUREVER sustainable building materials such as NEXBOARD that is commensurate with Xeriant’s patent-pending composite formulation. NEXBOARD is Xeriant’s eco-friendly composite construction panel made primarily from recycled plastic and cardboard that is resistant to fire, water, insects and mold. Fitzgerald’s expertise in advanced composites manufacturing technologies, industry contacts for sourcing equipment and materials, and hands-on experience were pivotal in the determination of NEXBOARD’s proprietary manufacturing methodology.

“My goal for BlueGreen is to generate significant operating revenue while also creating carbon credits as we address the much-needed transition to sustainable building materials,” commented Fitzgerald. “We are making excellent progress on everything from part design to acquiring the machinery and raw materials critical to large-scale manufacturing. Our revised composite mix of plastic, fiber and fire retardant is being processed to run a new set of NEXBOARD prototype samples, which will be tested internally and then sent out to major homebuilders for review as the final step prior to signing sales agreements. By the end of the year, we plan to have our own custom-engineered machinery ready for production.”

Tom Fitzgerald, Jr. has been in the plastics manufacturing business for most of his life. Since 2016, he has been an executive with TMF, the plastics company his father founded 35 years ago. TMF started in the business by manufacturing plastic bread trays for McDonald’s and later expanded into plastic pallets, trash containers and FM Approved pallets. TMF is often recognized as a leading supplier in the global plastic pallets market. Fitzgerald was also CEO of a plastic utility sink manufacturer that sold through major retailers and has held several production management roles with plastics contract manufacturers.