NEXE Innovations to Present at the Small Cap Growth Virtual Investor Conference on February 6th
February 04 2025 - 7:35AM
NEXE Innovations Inc. ("NEXE" or the "Company") (TSX.V: NEXE)
(Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative
materials company, today announced that Kam Mangat, Vice
President, Investor Relations & Corporate Strategy, will
present live at the Small Cap Growth Virtual Investor Conference
hosted by VirtualInvestorConferences.com, on February 6th, 2025.
DATE: February
6th TIME: 1:30 pm
ETLINK:
https://bit.ly/40HJNUCAvailable for 1:1
meetings
This will be a live, interactive online event where investors
are invited to ask the Company questions in real-time. If attendees
are not able to join the event live on the day of the conference,
an archived webcast will also be made available after the
event.
It is recommended that investors pre-register and run the online
system check to expedite participation and receive event
updates.
Learn more about the event at
www.virtualinvestorconferences.com.
Why NEXE?
Targeting the multi-billion dollar single-use plastics
industry through its:
- Vertically integrated facility and economies of
scale: NEXE utilizes a vertically integrated manufacturing
process, including compounding its proprietary resin, extrusion,
and injection molding. We believe this end-to-end manufacturing
process increases supply chain efficiency, reduces its carbon
footprint, and safeguards its intellectual property.
- Comprehensive IP Portfolio: We developed a pod
structure for the compostable coffee pod 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, which in our view
improves taste and richness. 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. For more details on
our IP: NEXE Expands IP Portfolio to Drive Sustainability and
Growth Across Different Markets
- Proprietary Resin: The development of our
coffee pod was not without challenges. K-Cup* compatible coffee
pods face unique obstacles during the brewing process, including
exposure to heat, high pressure, and water flow. Achieving a
consistent and satisfying coffee extraction in a K-Cup* compatible
machine requires precise engineering to balance these variables.
Addressing these complexities demanded significant R&D efforts
to create a capsule capable of meeting these rigorous demands while
ensuring a premium coffee experience. However,
addressing these challenges led to an incredible breakthrough for
us in our proprietary resin. We believe this material now forms the
foundation of our competitive edge and has positioned NEXE as
an innovator that can target low-hanging fruit with higher margins
across various industries.
- Cost Competitive: Compostability often entails
higher costs, but at NEXE Innovations, our solution is designed to
be environmentally friendly and competitively priced compared to
plastics and other alternative material solutions.
Recent Company Highlights
Announced three different
partnerships:
- ecoBeans: This
West Coast brand is available in retail locations and distributed
in the office coffee services (OCS) space.
- Bridgehead Coffee:
An established premium coffee company in Ontario with over 40 years
of history, Bridgehead transitioned from another compostable pod to
our NEXE pod. Bridgehead works with well-known retail and grocery
chains, including Costco, Whole Foods, Sobey's, and Farm Boy.
- EKOCUPS: A
high-volume online seller and Amazon retailer. This partnership
will allow us to expand in the U.S. and build a strong foothold in
the largest single-serve market. ~40 million U.S. households own a
K-Cup* compatible single-serve brewing system.
Future Products:
- NEXE is working with two customers
to test compostable pods for the Nespresso** OriginalLine. We
expect to launch these pods later in 2025.
- NEXE continues to invest in R&D
and is working on additional sustainable products targeting various
industries. Our proprietary resin may be an ideal fit in these
industries, and the total addressable market for these industries
is larger than that of the coffee pod market.
Financial Position:
- NEXE has a strong cash
position to execute its strategy, work with large-scale coffee
companies, and start building on opportunities outside the coffee
space. At the end of fiscal Q2 2025, our total cash
position was $14.5 million.
- NEXE has minimal
debt. The current debt outstanding is $0.5 million,
related to an interest-free government loan. NEXE’s commitments at
the end of the quarter were $1.3 million, with minimal capex
expected over the next two years.
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
About Virtual Investor Conferences®Virtual
Investor Conferences (VIC) is the leading proprietary investor
conference series that provides an interactive forum for publicly
traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is
specifically designed to offer companies more efficient investor
access. Replicating the components of an on-site investor
conference, VIC offers companies enhanced capabilities to connect
with investors, schedule targeted one-on-one meetings and enhance
their presentations with dynamic video content. Accelerating the
next level of investor engagement, Virtual Investor Conferences
delivers leading investor communications to a global network of
retail and institutional investors.
CONTACTS:
NEXE Innovations
On behalf of the Company:Ash GuglaniPresident
& 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
Virtual Investor Conferences John M.
ViglottiSVP Corporate Services, Investor AccessOTC Markets Group
(212) 220-2221johnv@otcmarkets.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 StatementsCertain statements in this
release are forward-looking statements or information, which
include, but are not limited to, statements in respect of the
potential benefits of the Nexe Pod including for premium coffee
brands, potential launch of new coffee pods, continued investment
in R&D, potential applications of proprietary resin to other
industries and benefits of proprietary resin to Nexe's business
overall, 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, the adoption of Nexe's proprietary resin in
other industries, 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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