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Oct 06, 2021, 05:30 ET
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VANCOUVER, BC, Oct. 6, 2021 /PRNewswire/ – 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 it is adding a second and third premium espresso product to its lineup. These two additional coffee products will launch on October 8, 2021, in the U.S. and Canada at nexecoffee.com.
NEXE Coffee is packaged exclusively in the Company’s proprietary, made in North America, single-serve, fully-compostable, plant-based NEXE pod. The pods for this product line are compatible with the popular Nespresso® OriginalLine machines. Both new coffees are available in packages of 10, 20, or 30 pods.
"We are very proud of these two new coffee products that will help us to serve the over US$25 billion single-serve coffee pod market.1 Coffee continues to be our main focus and we are very excited to add more coffee SKUs to our product line-up," said Ash Guglani, President of NEXE Innovations. "As we enter Fall, we are primed to give our customers a convenient, great tasting and a hassle-free, zero-waste experience to kick off their workday, school day, or simply to enjoy a premium experience at home."
New NEXE Espresso Blends:
"We have chosen our partners with values that reflect our own, for their social and environmentally sustainable practices, as well as for their great coffee," added Ash Guglani. "The beans are ground and packaged at our facility and sealed for freshness in our NEXE pod."
It took over six years of research and development to create the NEXE pod. These pods can break down in as little as 30 days in a municipal composting facility. This is similar to the time it takes for an apple core to decompose.
More than 59 billion coffee pods are consumed each year with an estimated 56 billion single serve pods going to landfill.2 Standard coffee pods can take hundreds of years to break down and can leave behind contamination and microplastics. Recyclable pods often include non-recyclable plastic and aluminum – making them less likely to be recycled properly or recycled at all.
These two new products complement NEXE’s first espresso product made from three hand-selected Ethiopian, Sumatra, and Peruvian beans. The premium blend has a well-balanced exotic flavour, a sweet brown sugar, vanilla, and honey aroma, as well as a clean, smooth, juicy, medium body.
*NEXE Innovations, Inc. is not affiliated with, endorsed, or sponsored by Nespresso®. Nespresso® is a registered trademark of Société des Produits Nestlé S.A.
Management Cease Trade Order
Regarding the management cease trade order (MCTO) that was announced on September 29, 2021, the British Columbia Securities Commission issued a revocation order on October 1, 2021, as the Company’s audited financial statements, management’s discussion and analysis, and associated officers’ certifications, have been filed with the applicable securities commissions and are available on www.sedar.com.
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 at https://nexeinnovations.com/investors/.
ON BEHALF OF THE BOARD OF DIRECTORS NEXE INNOVATIONS INC.
s/ "Ash Guglani"
Ash Guglani, President
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.
SOURCE Nexe Innovations Inc.
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