NEXE's BPI-certified compostable coffee pods
provide Bridgehead Coffee with a sustainable solution to expand its
offerings and help drive market share growth
WINDSOR,
ON, Dec. 12, 2024 /CNW/ - NEXE Innovations
Inc. ("NEXE", the "Company", "we", "us" or "our") (TSXV: NEXE)
(Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative
materials company, is pleased to announce a second delivery to
Bridgehead Coffee ("Bridgehead"), a proudly Canadian-owned
and operated business with over 40 years of history. Additionally,
NEXE and Bridgehead have entered into a multi-year master
manufacturing agreement, reinforcing their commitment to
sustainable innovation and collaboration. The agreement initially
covers 2 years. This master manufacturing agreement represents a
significant milestone for our business, enabling us to scale
effectively and drive growth with current and future customers.
"NEXE is proud to strengthen our partnership with Bridgehead
Coffee through this multi-year agreement, highlighting the value of
our BPI-certified compostable pods and technology," said Ash
Guglani, President of NEXE Innovations. "This agreement
underscores the growing demand for sustainable solutions in the
coffee industry and sets the stage for continued collaboration
based on our shared commitment to the environment."
The latest delivery includes the same SKUs (Centro House and Bytown Boom) delivered
previously and are available for purchase at select Farm Boy retail
locations and on the Bridgehead website:
https://www.bridgehead.ca/.
With this partnership, Bridgehead has transitioned from
compostable soft-bottom coffee pods to NEXE's BPI-certified
compostable coffee pods, which align with Bridgehead's dedication
to high-quality coffee experiences. 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. 12,004,678 issued on
June 11, 2024), allowing for more
volume per pod and increased coffee extraction, which improves
taste and richness.
Bridgehead was one of the first coffeehouses in Canada to serve Fairtrade coffee. Bridgehead
operates 17 coffeehouses in Ontario and is a wholesale partner with retail
and grocery chains, including Costco, Whole Foods Market, Longo's,
and Farm Boy. Bridgehead also sells its products through its
website: https://www.bridgehead.ca/.
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 Bridgehead Master
Manufacturing Agreement. 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.
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SOURCE Nexe Innovations Inc.