EKOCUPS, an online and high-volume
seller on Amazon, continues to replenish stock with NEXE's
BPI-certified compostable coffee pods
WINDSOR,
ON, Jan. 28, 2025 /CNW/ - NEXE
Innovations Inc. ("NEXE" or the "Company") (TSXV: NEXE) (Frankfurt:
NX5) (OTC: NEXNF), a compostable and innovative materials company,
is pleased to announce another purchase order from EKOCUPS to
replenish previously ordered SKUs. EKOCUPS
(https://ekocups.com/) is a well-established company based in
the U.S. and sells its coffee products online and through
Amazon.
In our view this latest purchase order highlights the rising
demand for sustainable coffee solutions in the U.S. market. The
NEXE BPI-certified compostable pods are a game changer for the
coffee industry, as they allow for the convenience of a
single-serve option while being eco-friendly.
Developing the compostable coffee pod was challenging, given the
performance required during the brewing process and ensuring we
could compete with plastic on performance and price. However,
addressing these challenges led to a proprietary resin that we
believe can be a suitable replacement for various plastic products
across different industries.
We developed a pod structure for the compostable coffee pod that
is designed to accommodate higher volumes and still provide a
high-quality brewing experience. NEXE accomplished this feat
through its 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, improving 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
is well positioned to offer a compelling "pour-over" coffee
experience that appeals to premium coffee brands seeking a
sustainable solution.
To learn more about how NEXE is disrupting the
multi-billion-dollar plastics industry: Visit Here
"EKOCUPS is an important partnership as we establish our
foothold in the U.S. market. We expect volumes to continue to grow
with EKOCUPS and expect to onboard more SKUs. In our view, our
ability to provide a product that is designed to compete on price
and performance will help us build a strong market
position." 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 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
*NEXE Innovations Inc. is not affiliated with, endorsed, or
sponsored by Keurig®. Keurig® is a registered trademark of Keurig
Dr Pepper Inc.
**NEXE Innovations Inc. is not affiliated with, endorsed, or
sponsored by Nespresso®. Nespresso® is a registered trademark of
Société des Produits Nestlé S.A.
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 market presence, 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.
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SOURCE Nexe Innovations Inc.