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XPEL Acquires Taiwan-Based Distributor Apogee Corporation

November 13, 2018

SAN ANTONIO--(BUSINESS WIRE)--Nov 13, 2018--XPEL, Inc. (TSXV:DAP.U) today announced it has established its first local office in Asia with the acquisition of Apogee Corporation, XPEL’s Taiwan-based distributor of automotive paint protection and window film. As a result of the acquisition, XPEL will begin selling directly to customers in Taiwan, Hong Kong and Macau and provide enhanced local support for all customers throughout Asia.

In conjunction with the acquisition, XPEL appointed Christine Pu, Chief Executive Officer of Apogee, as Managing Director, Asia. In this new role, Ms. Pu will have leadership responsibility for XPEL’s operations in the region.

Ryan Pape, President and Chief Executive Officer of XPEL, commented, “We’re excited to welcome Christine and the entire Apogee team to XPEL. We’ve seen that our get close to the customer strategy works effectively to help amplify our brand and propel growth through our other global operations and we expect the same in Asia. We plan to grow our footprint in Asia beyond Taiwan in the coming years to drive demand creation and to be consistent with our strategy of providing exceptional support globally on a local basis.”

About XPEL, Inc.

XPEL leads the industry in designing, manufacturing and distributing high-performance automotive paint and headlamp protection film technologies. Using XPEL’s proprietary software and materials, our professional design team develops products that deliver the ultimate in vehicle protection, meeting the demands of a broad range of makes and models. With more than 70,000 vehicle-specific applications and a global network of trained installers, XPEL is dedicated to exceeding customer expectations in providing high-quality products, customer service and technical support. XPEL, Inc. (TSXV:DAP.U) is publicly traded on the TSXV Exchange. Visit www.xpel.com for more information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181113005187/en/

CONTACT: Investor Relations:

IMS Investor Relations

John Nesbett/Jennifer Belodeau, 203-972-9200

jnesbett@institutionalms.com

KEYWORD: UNITED STATES MACAU ASIA PACIFIC NORTH AMERICA HONG KONG TEXAS TAIWAN

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE MANUFACTURING AUTOMOTIVE MANUFACTURING CHEMICALS/PLASTICS AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: XPEL, Inc.

Copyright Business Wire 2018.

PUB: 11/13/2018 08:30 AM/DISC: 11/13/2018 08:30 AM

http://www.businesswire.com/news/home/20181113005187/en

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