Hi,
The <POM> format does refer to ISO 1043-1: 1987, "Symbols for plastic and Rubber". (BS3502 in the UK)
Where the habit of using the greater than and less than signs came from I do not know, the standards don't call for them. I suspect it comes from the older DIN standard.
POM is Acetal. (Polyoxymethylene)
Regards,
Iain