VANCOUVER, BC, Oct. 28, 2021 /CNW/ - NEXE Innovations
Inc. ("NEXE" or the "Company"), (TSXV: NEXE) (OTC: NEXNF)
(Frankfurt: NX5), a leader in plant-based materials manufacturing,
is launching NEXE Coffee's first products to be sold in its
patented NEXE Pods which are compatible with Keurig®
single-serve brewing systems.
The pods will be available for sale starting November 1, 2021, at nexecoffee.com. The Company
intends to announce its brick and mortar sales strategy later this
year.
All NEXE Coffee products are packaged exclusively in the
Company's proprietary, single-serve, fully-compostable, plant-based
NEXE pods. The unique design of the pod and filter enables NEXE to
fill each pod with more coffee when compared to other leading
coffee brands. This produces a superior taste profile resulting
from NEXE's proprietary, best-in-class extraction method and pod
technology.
"We created NEXE Pods for the ultimate coffee connoisseur.
Our patented design with increased filter area results in increased
coffee extraction, ultimately improving taste and richness," said
Ash Guglani, President of NEXE. "Our tests showed that the NEXE
Pod's total dissolved solids are 20% greater than other leading
premium brands."
The NEXE Pod is made from completely plant-based materials and
is the result of over six years of research and development. It
breaks down in as few as 35 days in a municipal composting
facility, about the time it takes for an apple core to
decompose.
"This new line complements our existing NEXE Coffee espresso
products, sold in Nespresso® compatible, fully
compostable pods," said Ash Guglani, President of NEXE.
"Keurig® and Nespresso® are the two most
popular single-serve coffee pod machines sold and used worldwide,
positioning us well to serve the growing 60 billion pod per year
market."
The launch of the Company's Keurig® compatible
single-serve pod comes after over six years of continuous R&D,
which included the receipt and filing of multiple patents.
Grown in the mountains of Peru,
the new blend uses 100% certified organic beans and is roasted to
perfection for a rich and balanced flavour, medium acidity, and
hints of brown sugar, lime, with an apple finish. The Nexe Coffee
selection will be available in three different roasts:
- Medium Roast
- Medium-Dark Roast
- Dark Roast
Each new blend is available in packages of 12 or 24 pods.
"We carefully select the producers and beans we use and have
tested multiple roast profiles to extract the best flavors," added
Guglani. "NEXE is committed to producing ethical and sustainable
products. All of our products are manufactured and packaged in our
Canadian facility located in British
Columbia, using environmentally friendly manufacturing
processes."
Learn more about NEXE Innovations online at https://nexeinnovations.com/investors/
* *NEXE Innovations, Inc. is not
affiliated with, endorsed, or sponsored by Keurig®.
Keurig® is a registered trademark of Keurig Dr Pepper
Inc.
About NEXE Innovations Inc.
NEXE Innovations Inc. is a leader in plant-based compostable
technology and advanced materials manufacturing based in
British Columbia, Canada. The
company has developed
one of the only patented, fully compostable, plant-based, single-serve coffee pods for use in leading single-serve
coffee machines. The proprietary NEXE pod is designed to reduce the
significant environmental impact caused by single-serve
pods, >50 billion of which are discarded every year.
With over $60M raised to date from
equity and government funding and over five years of R&D,
NEXE is well-positioned to meet the growing demand for
environmentally friendly and sustainable products in the
single-serve coffee sector and beyond. Learn
more: https://nexeinnovations.com/
ON BEHALF OF THE BOARD OF DIRECTORS
NEXE INNOVATIONS INC.
s/ "Ash
Guglani"
Ash Guglani, President
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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 the launch of NEXE's new
coffee blends, ability to create other environmentally friendly
compostable packaging opportunities, development of technologies,
the potential of the Company's technology, future plans, regulatory
approvals, and other matters. 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 "will", "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, business, economic and capital market
conditions, the ability to manage operating expenses, consumer
demand for and sentiment towards the Company's products, security
threats, and dependence on key personnel. 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, failure to obtain regulatory
approval, the continued availability of capital and financing,
equipment failures, litigation, increase in operating costs, the
impact of Covid-19 or other viruses and diseases on the Company's
ability to operate, competition, failure of counterparties to
perform their contractual obligations, government regulations, loss
of key employees and consultants, 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.