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Xerium Technologies Regains Compliance with NYSE Continued Listing Standards

July 02, 2010 By: NCTechNews Category: Manufacturing

xerium_logo(Raleigh, N.C.) Xerium Technologies, Inc. (NYSE:XRM), a leading global manufacturer of industrial textiles and rolls used primarily in the paper production process, today announced that on June 29, 2010, it received notification from the New York Stock Exchange (“NYSE”) that it has regained full compliance with NYSE standards for continued listing of the Company’s common stock on the exchange.

As a result of this notice, the Company will no longer be included in a list of noncompliant companies and the Company’s stock symbol will no longer be appended with “.BC” (below compliance) indicator.

“We are pleased to have regained full compliance with the NYSE’s listing standards,” commented Stephen R. Light, Chairman, President and Chief Executive Officer. “This notice of compliance follows on the heels of our recent emergence from our pre-packaged chapter 11 plan of reorganization and marks an important milestone for Xerium, as we now put this process behind us and move forward with pursuing our operating strategy which we believe will lead to positive results for our stakeholders.”

About Xerium Technologies

Xerium Technologies, Inc. (NYSE:XRM) is a leading global manufacturer and supplier of two types of consumable products used primarily in the production of paper: clothing and roll covers. The Company, which operates around the world under a variety of brand names, utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 32 manufacturing facilities in 13 countries around the world, Xerium has approximately 3,300 employees.

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