Plastic- and aluminum-free coffee pods and
visionary new brewer will lead the future of home coffee
brewing
BURLINGTON, Mass. and FRISCO, Texas, March 13,
2024 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP)
today introduced a multi-year innovation agenda for its Keurig®
single serve brewing system, including a completely reimagined
coffee system and a portfolio of new products and technologies
designed to meet the needs of today's and tomorrow's coffee
consumer (see also: "Introducing the Next Chapter of the Keurig®
K-Cup® Pod System Product Portfolio").
Experience the full interactive Multichannel News Release here:
https://www.multivu.com/players/English/9255651-keurig-unveils-k-rounds-plastic-and-aluminum-free-coffee-pods/
The foundation of the Company's future vision is K-Rounds™
plastic-free pods, a revolutionary new form of single serve
coffee. K-Rounds pods are created from expertly roasted coffee
beans that are ground, pressed and wrapped in a proprietary,
protective plant-based coating preserving the coffee's flavor and
aroma, eliminating the need for plastic or aluminum. K-Rounds
plastic-free pods will work in the new Keurig Alta™ brewer as part
of a reimagined Keurig system that allows consumers to make a
variety of hot and cold barista-style beverages – from a bold
espresso with velvety crema, to an aroma-rich cup of hot coffee or
a refreshingly chilled cold coffee – without having to master
complex brewing techniques.
As the Company pursues its vision, consumers will have the
opportunity to provide essential feedback in the ongoing
development of the Keurig Alta system in various beta testing
phases with the first starting as early as fall 2024. Keurig
will leverage learnings from these trials, as well as strategic
engagement with and insights from its retailer and coffee brand
partners, to refine and optimize the system before making it
available for broader sale to consumers.
Chairman and CEO Bob Gamgort
shared, "Thirty years ago, Keurig changed the way consumers brewed
coffee, with the introduction of the K-Cup pod single serve coffee
system. Today, we are applying all our expertise to create a
revolutionary new system that will redefine how consumers will brew
coffee for decades to come. Our ambitious agenda reflects our
commitment to providing variety, quality, value, and sustainability
to the 45 million North American coffee consumers who currently use
Keurig brewers and the millions of potential new households who
will discover the benefits of a perfect cup of coffee prepared
effortlessly in their home."
The unique plastic- and aluminum- free design of
K-Rounds allows for brewing at both high pressure for
espresso-based drinks and low pressure for drip coffee, cold or
hot, so consumers can enjoy a variety of coffeehouse drinks without
coffeehouse prices. K-Rounds plastic-free pods will come in
different sizes for specific types of coffee beverages and will be
marked with a code that the Keurig Alta brewer automatically reads
to determine the pressure and extraction profile needed to get the
full flavor, aroma and richness of each coffee variety. After
brewing, K-Rounds plastic free pods can be disposed of like coffee
grounds and are expected to be certified compostable, as the
Company is currently working through the certification
process. The new Keurig Alta brewer will also provide the
option to brew existing K-Cup® pods so that users can enjoy the
500+ varieties offered through the Keurig family of
brands.
The development of the Keurig Alta brewer and K-Rounds
plastic-free pods is the result of a multi-year innovation project
which incorporates significant intellectual property in beverage,
pod, appliance and manufacturing design and processes. As
part of this intellectual property portfolio, KDP has acquired a
perpetual license to know-how and technology invented by Delica
Switzerland for their CoffeeB system in Europe, including a proprietary plant-based
coating and application processes. KDP's partnership with
Delica grants Keurig exclusive rights to use and build upon these
technologies for consumers across the U.S., Canada and Mexico.
Keurig previewed more background about its reimagined single
serve system in a launch video – "Reimagining Keurig: From the
Ground Up." Consumers are invited to visit
www.keurig.com/krounds to sign-up to receive exclusive updates
about Keurig's future innovation, including the potential to be
selected as a Beta tester of a Keurig Alta™ brewer prototype
as early as this fall.
About Keurig Dr Pepper
Keurig Dr Pepper (KDP) is a
leading beverage company in North
America, with annual revenue of more than $14 billion and approximately 28,000 employees.
KDP holds leadership positions in liquid refreshment beverages,
including soft drinks, specialty coffee and tea, water, juice and
juice drinks and mixers, and markets the #1 single serve coffee
brewing system in the U.S. and Canada. The Company's portfolio of more than
125 owned, licensed and partner brands is designed to satisfy
virtually any consumer need, any time, and includes Keurig®, Dr
Pepper®, Canada Dry®, Clamato®, CORE®, Green Mountain Coffee
Roasters®, Mott's®, Snapple®, and The Original Donut Shop®. Through
its powerful sales and distribution network, KDP can deliver its
portfolio of hot and cold beverages to nearly every point of
purchase for consumers. The Company's Drink Well. Do Good.
corporate responsibility platform is focused on the greatest
opportunities for impact in the environment, its supply chain, the
health and well-being of consumers and with its people and
communities. For more information, visit
www.keurigdrpepper.com.
Forward-Looking Statements
Certain statements
contained herein are "forward-looking statements" within the
meaning of applicable securities laws and regulations. These
forward-looking statements can generally be identified by the use
of words such as "outlook," "guidance," "anticipate," "expect,"
"believe," "could," "estimate," "feel," "forecast," "intend,"
"may," "plan," "potential," "project," "should," "target," "will,"
"would," and similar words. Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
These statements are based on the current expectations of our
management, are not predictions of actual performance, and actual
results may differ materially.
Forward-looking statements are subject to a number of risks and
uncertainties, including the factors disclosed in our Annual Report
on Form 10-K and subsequent filings with the SEC. We are under no
obligation to update, modify or withdraw any forward-looking
statements, except as required by applicable law.
Investor Contacts:
Jane Gelfand
T: 888-340-5287 / jane.gelfand@kdrp.com
Chethan Mallela
T: 888-340-5287 / chethan.mallela@kdrp.com
Media Contact:
Katie Gilroy
T: 781-418-3345 / katie.gilroy@kdrp.com
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SOURCE Keurig Dr Pepper