WINDSOR, ON, Dec. 17, 2024 (CNW Group via COMTEX) --
NEXE Innovations Inc. ("NEXE" or the "Company") (TSXV: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce a second delivery (three different SKUs) to EKOCUPS (https://ekocups.com/), a high-volume online seller and Amazon retailer. In our view, the continued partnership with EKOCUPS validates our BPI-certified compostable pods and technology and highlights the growing demand for sustainable coffee solutions.
EKOCUPS is a well-known name in the coffee industry, offering premium coffee products. This partnership is a strategic entry into the U.S. market, and we expect it to continue to grow over time.
What differentiates NEXE's BPI-certified compostable coffee pods?
The NEXE fully compostable, single-use beverage pod has several key competitive features protected by patents, including innovative technology that increases the filter area (U.S. Pat. No. 12,004,678Â issued on June 11, 2024), allowing for more volume per pod and increased coffee extraction, which improves taste and richness. Internal tests show that the NEXE Pod's total dissolved solids (TDS) are up to 20% greater than other leading coffee pod brands. The Company believes that, given these key competitive features, it can deliver an unrivaled "pour-over" coffee experience that will help establish it as the go-to choice for premium coffee brands seeking a sustainable solution.Â
To learn more about NEXE's comprehensive IP portfolio: Visit Here
"We are thrilled to see our partnership with EKOCUPS continue to grow as they expand their product offerings with us. This order of additional SKUs is a testament to the strength of our relationship and the increasing demand for our compostable solutions in the US market. It underscores our commitment to solidifying our footprint and delivering exceptional value to customers across Canada and the U.S. " said Ash Guglani, President of NEXE.
About NEXE Innovations Inc.NEXE Innovations is focused on providing innovative compostable material solutions and packaging to the B2B segment to help businesses achieve their sustainability goals. NEXE Innovations has developed a proprietary and patented compostable material that can withstand heat, pressure, and water. Our flagship product, the NEXE Pod, a BPI-certified compostable coffee pod, showcases our material's durability and is an ideal substitute for plastic. The NEXE pod is compatible with major coffee brewing machines and is manufactured at NEXE's vertically integrated facility based in North America. Discover our innovative approach to sustainability at www.nexeinnovations.com and join our journey on social media @nexeinnovations. #compostablecoffeepods #sustainability #greentech
On behalf of the Company:Ash GuglaniPresident & Director
For investor relations contact:Kam MangatVP, Investor Relations & Corporate Strategyinvest@nexeinnovations.comOffice +1-604-359-4725Mobile +1-604-359-4742
For media relations contact: media@nexeinnovations.com
*NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by KeurigÂR. KeurigÂR is a registered trademark of Keurig Dr Pepper Inc.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release are forward-looking statements or information, which include, but are not limited to, statements in respect of the growth of the Company's presence in the US market, potential benefits of the Nexe Pod including for premium coffee brands, the Company's overall business strategy, increases in production and revenue, and the Company's long-term growth and development plans. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, the Company's ability to execute on its business strategy and those risks set out in the Company's management's discussion and analysis for year ended May 31, 2024 under the headings "Risk and Uncertainties". Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include receipt of necessary approvals and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Nexe Innovations Inc.
SOURCE: Nexe Innovations Inc.
COMTEX_460953484/2197/2024-12-17T08:00:00
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