Key Highlights
- Launch of first functional product under Xoma Superfoods
line.
- Initial product is a superfood micro-ground soluble
coffee with Organic MCT from Coconut Oil in the proprietary NEXE
fully-compostable pod.
- Available for sale on February
5th, 2021.
VANCOUVER, BC, Feb. 1, 2021 /CNW/ - NEXE Innovations
Inc. (TSXV: NEXE) ("NEXE" or the "Company"), a
leader in innovative plant-based materials science and
manufacturing technologies, is pleased to announce the
commercialization of its proprietary pod for single-serve use in
Keurig brewing systems with our premium XOMA Superfoods line. The
Xoma Superfoods pilot launch will begin with a micro-ground soluble
coffee with Organic MCT (Medium-Chain Triglycerides). NEXE
anticipates that its Xoma Superfoods product will be available for
sale at Xoma.ca on February 5th,
2021.
Company Co-Founder and CEO Darren
Footz commented, "This is a pivotal milestone for us. With
almost six years from concept to commercialization, this innovative
product will be the first time the public will be able to touch,
see, and enjoy the great taste that our pod is able to deliver.
Consumers will now be able to savor their coffee without the waste
associated with typical single-serve beverages. Our Xoma offering,
including the packaging, will be environmentally-friendly. Initial
demand is strong, and we will be expanding our offerings in the
near term."
This launch is intended to be the first in a series of product
releases designed to meet demand from health and
environmentally conscious consumers. The Xoma Superfoods line is
designed to combine personal wellness and sustainability in a
premium product for health and environmentally conscious consumers.
Visit Xoma.ca to stay up to date with all other superfood offerings
in the coming months.
The Company's fully compostable plant-based NEXE pod is the
perfect delivery mechanism for future Xoma products, while adhering
to NEXE's environmental, social, and corporate governance (ESG)
goals. With this launch, NEXE aims to set the benchmark for
advancing plant-based manufacturing technologies and sustainable
consumer goods.
Ash Guglani, President, stated, "We are proud to say that in
addition to the $14.2M that the
Company raised in its December 2020
financing, NEXE has received more than $3M from warrant exercises to date. The
Company remains fully funded to fulfill its capital requirements.
Funds raised to date will be used to scale our direct-to-consumer
Xoma Superfoods brand as well as continue to bring additional
revenue-generating initiatives on-line."
About XOMA Superfoods
XOMA Operations Inc. is a
subsidiary of NEXE Innovations Inc. Xoma Superfoods produces and
distributes high-quality coffee and superfood creamers packaged
exclusively in single-serve, fully compostable, plant-based
pods.
xoma.ca
instagram.com/xomasuperfoods/
About NEXE Innovations Inc.
NEXE Innovations Inc. is a
leader in plant-based compostable technology and advanced materials
manufacturing based in British Columbia,
Canada. The company has developed one of the only patented,
fully compostable, plant-based, single-serve coffee pods for use in
leading single-serve coffee machines. The proprietary NEXE pod is
designed to reduce the significant environmental impact caused by
single-serve pods, >40 billion of which are discarded
every year. With over $30M raised to
date from equity and government funding and over five years of
R&D, NEXE is well-positioned to meet the growing demand for
environmentally friendly and sustainable products in the
single-serve coffee sector and beyond.
Social Media
https://twitter.com/nexeinnovations
https://www.facebook.com/nexeinnovations
https://www.linkedin.com/company/nexeinnovations
https://www.instagram.com/nexeinnovations
Cautionary Note Regarding Forward-Looking
Statements
Certain statements in this release are
forward-looking statements or information, which include the
proposed use of proceeds, commercialization of the NEXE PODs,
including the NEXE Nespresso Compatible Pod, increase production
capacity, demand and/or sales of its products, create other
environmentally friendly compostable packaging opportunities,
development of technologies, the potential of the Company's
technology, future plans, regulatory approvals and other matters.
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, business, economic and capital market
conditions, the ability to manage operating expenses, consumer
demand for and sentiment towards the Company's products, security
threats, and dependence on key personnel. 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, failure to obtain regulatory
approval, the continued availability of capital and financing,
equipment failures, litigation, increase in operating costs, the
impact of Covid-19 or other viruses and diseases on the Company's
ability to operate, competition, failure of counterparties to
perform their contractual obligations, government regulations, loss
of key employees and consultants, 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.