New Technology Reduces Plastic Parts
Frequently Used in Packaging and is anticipated to Generate Cost
Savings by Reducing Production Time and Oxidation of Coffee Beans;
Company to Co-Market in U.S. and Mexico
RICHARDSON, Texas, March 1,
2023 /PRNewswire/ -- NuZee, Inc. (NASDAQ: NUZE), a
leading innovator in coffee technology and co-packer of single
serve specialty coffee formats, announces today a partnership
agreement to market a new, patented Japanese technology, TiMELESS®,
in the U.S. and Mexico. TiMELESS
is a new flexible film sealing technology that eliminates the
need for one-way plastic degassing valves, which are very common in
the coffee packing, pet food, and other various industries.
TiMELESS was developed in 2018 by MIB Co., Ltd., a Tokyo-headquartered trading company
specializing in the production and sale of packaging and packages,
in collaboration with Nagase & Co., Ltd., one of Japan's largest publicly traded
companies. As part of the joint marketing agreement, NuZee
will introduce TiMELESS technology and packaging using the TiMELESS
technology to its customers in the U.S. and Mexico.
According to Nagase & Co., Ltd., the amount of one-way
degassing valve consumption in North
America was 1.85B per year as
of 2022 and is expected to increase to 2.5B per year by 2028. NuZee, MIB and Nagase are
working together to reduce that number to as close to zero as
possible. The global coffee one-way valve market is estimated to be
worth $274M annually and is expected
to climb to $366M by 2028.
Currently, when packing roasted coffee, one-way plastic valves
are commonly used for degassing, which allows the coffee to stay
fresher, longer. TiMELESS's proprietary degassing technology works
by imprinting the proprietary TiMELESS pattern onto coffee bags,
allowing only the air inside the package to escape while keeping
out external air. The TiMELESS pattern, consisting of miniature
holes, coupled with the method of impression stamped onto the film,
makes this technology function. In North
America, about 1.85 billion plastic valves (1.38B for Bagged Coffee, 400M for Fermented Food in 2022) are consumed
annually, and typically make their way to landfills. By utilizing
the TiMELESS technology in place of plastic valves, NuZee believes
that it will reduce overall plastic waste.
"TiMELESS technology has the dual advantage of helping to ensure
optimum freshness in our U.S. and Mexico coffee products while simultaneously
contributing to the reduction of plastics and providing more
eco-conscious coffee to the world," says Masa Higashida, CEO at
NuZee.
"The first time I saw a plastic valve on coffee bag was 12 years
ago. I felt uncomfortable about why the valve was attached,
so I started developing a technology to remove the valve. That's
TiMELESS. However, it was not so easy to invent a structure
to replace the valve, and we continued try and error for 12
years. Finally, TiMELESS became technology that gives
degassing function, and keeps low oxygen level. We are
developing TiMELESS technology, to deliver good coffee in
eco-friendly packaging with our original degassing technology,"
stated MIB Co.,Ltd. CEO, Toru
Watanabe.
Nagase & Co., Ltd. Section Manager, Tadatsugu Tazo
continued, "TiMELESS is an innovative technology and we are very
excited to bring this technology to the U.S. coffee market with
NuZee."
NuZee is in discussions with some of the top coffee
manufacturers in the US and Mexico
to implement TiMELESS bag sealing technology which could eliminate
the need for one-way degassing valves.
To learn how to work with NuZee,
visit www.mynuzee.com.
About Nagase & Co, Ltd
NAGASE &
CO., LTD. is a chemicals trading firm, founded in Kyoto, Japan in 1832.
The NAGASE Group began as a specialized sales agent
securing exclusive contracts to sell industry-leading products from
around the world in Japan. Over
the years, we have leveraged our technology and information
gathering expertise —as well as our global network—to transform our
business into a hybrid model offering superior manufacturing,
processing, and R&D functions as well as trading company
services. Looking forward to our 200th anniversary in the year
2032, we will contribute to the society as a Business Designer that
creates a sustainable future.
About MIB Co., Ltd / TiMELESS®
TiMELESS® is a gas control technology jointly developed by MIB Co.,
Ltd. and NAGASE & CO and patented by MIB in
Japan that can be applied to film
and paper packaging materials. By creating microscopic channels in
the sealing portion of the packaging film to control gases inside
the bag, it is possible to maintain the freshness of produce and
other contents and to deaerate the bag. The technology is expected
to reduce food waste, is environmentally friendly, and is expected
to be deployed globally. Nagase is the exclusive
distributor for this technology.
About NuZee Coffee
NuZee, Inc., (NASDAQ: NUZE), is a leading co-packing company for
single serve coffee formats that partners with companies of all
sizes to help them develop within the single serve and private
label coffee category. Providing innovative and eco-conscious
solutions with the flexibility and capacity for both small roasters
and large global brands, NuZee is revolutionizing the way single
serve coffee is enjoyed in the United
States. Through the brand's unique process, NuZee fulfills
every aspect of co-packing needs, from roasting and blending, to
packing and packaging.
Forward-looking Statements
This press release contains forward-looking statements that
are made pursuant to the safe harbor provisions within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as
amended. NuZee cautions you that such statements are
simply predictions and actual events or results may differ
materially. These statements reflect NuZee's current
expectations and NuZee does not undertake to update or
revise these forward-looking statements, even if experience or
future changes make it clear that any projected results expressed
or implied in this or other NuZee statements will not
be realized. Further, these statements involve risks and
uncertainties, many of which are beyond NuZee's
control, which could cause actual results to differ
materially from the forward-looking statements. These risks and
uncertainties, many of which are beyond our control,
include: NuZee's plan to obtain funding for its
operations, including funding necessary to develop, manufacture and
commercialize its products; the impact to NuZee's
business from COVID 19 global crisis; general market
acceptance of and demand for NuZee's products;
and NuZee's commercialization, marketing and
manufacturing capabilities and strategy; for description of
additional factors that may cause NuZee's actual results, performance or
expectations to differ from any forward looking statements, please
review the information set forth in the 'Risk Factors' and "
Management's Discussion and Analysis of Financial Condition and
Results of Operations" sections of the NuZee's public
reports and NuZee's other filings made with the
SEC.
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SOURCE NuZee, Inc.