VANCOUVER, BC, Nov. 1, 2021 /CNW/ - NEXE
Innovations Inc. ("NEXE" or the "Company"), (TSXV: NEXE)
(OTC Markets: NEXNF) (Frankfurt: NX5), a leader in plant-based
materials manufacturing, is pleased to announce that its coffee
pods using its proprietary filter system are available to purchase
at nexecoffee.com. The fully-compostable, plant-based pods, are
compatible with Keurig® single-serve brewing systems.
The NEXE Pod is made completely from plant-based materials and
is the result of over six years of research and development. Both
the NEXE Keurig® and Nespresso® pod formats break down in as few as
35 days in a municipal composting facility, approximately the time
it takes for an apple core to decompose.
"After more than 6 years of R&D, we are delivering on our
promise to bring to market a fully compostable coffee capsule made
for Keurig® brewing systems that utilizes the original Keurig®
design. The original Keurig® capsule was
engineered to be self-protected, prevent exposure to oxygen and
water vapor, maintaining freshness. It was a challenge to meet
these requirements while staying true to our mandate to construct a
pod from plant-based renewable materials that is fully compostable.
We not only met our goals, but we also exceeded them. Our
patented design increases coffee extraction, providing a better
tasting and bolder cup of coffee, every brew," said Darren Footz, CEO of NEXE.
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, with
hints of brown sugar, lime, and an apple finish. The NEXE Coffee
selection is available in three different
roasts:
- Medium Roast
- Medium-Dark Roast
- Dark Roast
Each new blend is available in packages of 12 or 24
pods.
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, over 50 billion of which are discarded every
year. With over $60 million raised to
date from equity and government funding and over six 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.