WINDSOR,
ON, Dec. 4, 2024 /CNW/ - NEXE Innovations
Inc. ("NEXE", the "Company", "we", "us" or "our") (TSXV: NEXE)
(Frankfurt: NX5) (OTC: NEXNF), a fully compostable and innovative
materials company, is revolutionizing the landscape of everyday
consumer products and single-use items.
NEXE has developed proprietary manufacturing technology aimed at
producing compostable containers, thinned-walled multi-layer
articles, and high-strength connections between compostable
materials while meeting international standards.
NEXE's manufacturing technology is intended to enable the
production of cost-effective, fully compostable food-grade
containers and other form factors tailored to meet diverse
packaging customization needs.
Examples of recent achievements include:
- NEXE has designed compostable containers specifically
engineered for low-pressure environments, ideal for high-altitude
markets.
- NEXE has introduced innovative aftermarket brew baskets
compatible with existing single-serve beverage machines, enabling
the use of multi-chamber capsules. For example, NEXE's
high-capacity pods are designed to facilitate the convenient
brewing of cocktails, such as Irish Cream Liqueur and coffee.
NEXE's intellectual property (IP) portfolio includes
five recent patents in Canada and the US.
Highlights of the NEXE IP portfolio include:
- U.S. Pat. No. 12,004,678 issued on June 11, 2024, and directed to utilize
an innovative filter for a coffee capsule that helps extract higher
Total Dissolved Solids (TDS).
- U.S. Pat. No. 12,077,370 issued on
September 3, 2024, and directed to
coffee capsules that incorporate an inner chamber for alcohol that
mixes with brewed coffee in single-serve beverage
machines.
- U.S. Pat. No. 12,060,184 issued on
August 13, 2024, and directed to
methods for manufacturing compostable pods that incorporate
ultrasonic welding for biobased polymers.
- U.S. Pat. No. 12,116,201, issued on October 15, 2024, pertains to beverage pods
that hold coffee grounds and dry ingredients. These pods
incorporate breakaway features that enhance brewing efficiency
while eliminating the need to agglomerate food powders, such as hot
chocolate, which can negatively impact shelf life and taste.
- CA3125915C directed to coffee pods with
an internal registration plate designed to receive brewing pins of
single-serve coffee machines, enabling the inclusion of more coffee
grounds per pod.
- Allowed U.S. App. No. 17/570,182 is directed to methods
for manufacturing compostable coffee pods using deformable
protrusions for locking down lidding material. These lockdown
features provide robust connections between different
materials.
"In our view, NEXE is at the forefront of sustainable
manufacturing, combining innovation and environmental
responsibility to redefine everyday consumer products. Our
proprietary technologies and diverse IP portfolio enable us to
deliver fully compostable solutions that meet international
standards while pushing the boundaries of what's possible in
single-use products," stated Ash Guglani, President and
Director of NEXE Innovations.
The continued expansion of the NEXE IP portfolio is a testament
to NEXE's commitment to growth and innovation. NEXE plans to
continue investing in research and development, a key part of its
ongoing business strategy.
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 Guglani
President & Director
For investor relations contact:
Kam Mangat
VP, Investor Relations & Corporate Strategy
invest@nexeinnovations.com
Office +1-604-359-4725
Mobile +1-604-359-4742
For media relations contact: media@nexeinnovations.com
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 potential benefits of
the Nexe Pod and Nexe's after-market brew baskets, the Company's
outstanding patent applications, that Nexe's strategy related to
research and development and the growth of its IP portfolio will
lead to the Company's growth, and the Company's overall business
strategy. 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 ability of the NEXE Pod and after
market brew basket benefits being realizable, 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.
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SOURCE Nexe Innovations Inc.