EKOCUPS, an online and high-volume
seller on Amazon, received a second delivery of NEXE's
BPI-certified compostable coffee pods
WINDSOR,
ON, Dec. 17, 2024 /CNW/ - NEXE Innovations
Inc. ("NEXE" or the "Company") (TSXV: NEXE) (Frankfurt: NX5) (OTC:
NEXNF), a compostable and innovative materials company, is pleased
to announce a second delivery (three different SKUs) to EKOCUPS
(https://ekocups.com/), a high-volume online seller and Amazon
retailer. In our view, the continued partnership with EKOCUPS
validates our BPI-certified compostable pods and technology and
highlights the growing demand for sustainable coffee solutions.
EKOCUPS is a well-known name in the coffee industry, offering
premium coffee products. This partnership is a strategic entry into
the U.S. market, and we expect it to continue to grow over
time.
What differentiates NEXE's BPI-certified compostable coffee
pods?
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. 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 can deliver an
unrivaled "pour-over" coffee experience that will help establish it
as the go-to choice for premium coffee brands seeking a sustainable
solution.
To learn more about NEXE's comprehensive IP portfolio:
Visit Here
"We are thrilled to see our partnership with EKOCUPS continue
to grow as they expand their product offerings with us. This
order of additional SKUs is a testament to the strength of our
relationship and the increasing demand for our compostable
solutions in the US market. It underscores our commitment to
solidifying our footprint and delivering exceptional value to
customers across Canada and the U.S. " 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.
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 presence in
the US market, 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.
