STOCK TITAN
The best stock market news and trading tools all in one place—your must-have platform for investing success.
A must-have platform for stock market information, offering the best tools and updates to supercharge your trading.
Your trusted source for the best stock market news, trading tools, and expert advice. Everything traders need, in one place.

NEXE Innovations Expands into U.S. Market with EKOCUPS Partnership

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
partnership

NEXE Innovations announces partnership with EKOCUPS, a high-volume Amazon retailer, marking its strategic entry into the U.S. single-serve pod market. The initial shipment includes five Keurig-compatible compostable coffee pod SKUs: Classic Medium Roast, Breakfast Blend, Half Caff, Decaf Medium Roast, and Hazelnut Flavored Coffee. NEXE's BPI-certified compostable pods offer an eco-friendly alternative with superior taste profile and higher coffee volumes, positioning the company to scale rapidly in the sustainable solutions market.

NEXE Innovations annuncia una partnership con EKOCUPS, un rivenditore Amazon ad alto volume, segnando il suo ingresso strategico nel mercato statunitense delle cialde monodose. La spedizione iniziale include cinque SKU di cialde compostabili compatibili con Keurig: Classic Medium Roast, Breakfast Blend, Half Caff, Decaf Medium Roast e Hazelnut Flavored Coffee. Le cialde compostabili certificate BPI di NEXE offrono un'alternativa ecologica con un profilo di gusto superiore e maggiori volumi di caffè, posizionando l'azienda per una rapida crescita nel mercato delle soluzioni sostenibili.

NEXE Innovations anuncia una asociación con EKOCUPS, un minorista de Amazon de alto volumen, marcando su entrada estratégica en el mercado estadounidense de cápsulas de un solo servicio. El envío inicial incluye cinco SKU de cápsulas de café compostables compatibles con Keurig: Classic Medium Roast, Breakfast Blend, Half Caff, Decaf Medium Roast y Hazelnut Flavored Coffee. Las cápsulas compostables certificadas por BPI de NEXE ofrecen una alternativa ecológica con un perfil de sabor superior y mayores volúmenes de café, posicionando a la empresa para crecer rápidamente en el mercado de soluciones sostenibles.

NEXE Innovations는 고용량 아마존 소매업체인 EKOCUPS와 파트너십을 발표하며 미국 일회용 캡슐 시장에 전략적으로 진입하게 되었습니다. 초기 선적에는 다섯 가지 Keurig 호환 퇴비화 커피 캡슐 SKU가 포함되어 있습니다: Classic Medium Roast, Breakfast Blend, Half Caff, Decaf Medium Roast 및 Hazelnut Flavored Coffee. NEXE의 BPI 인증 퇴비화 캡슐은 뛰어난 맛의 프로필과 더 높은 커피 볼륨으로 친환경적인 대안을 제공하여 지속 가능한 솔루션 시장에서 빠르게 성장할 수 있는 기반을 다지고 있습니다.

NEXE Innovations annonce un partenariat avec EKOCUPS, un détaillant Amazon à fort volume, marquant son entrée stratégique sur le marché américain des pods à service unique. L'envoi initial comprend cinq SKU de capsules de café compostables compatibles avec Keurig: Classic Medium Roast, Breakfast Blend, Half Caff, Decaf Medium Roast et Hazelnut Flavored Coffee. Les capsules compostables certifiées BPI de NEXE offrent une alternative écologique avec un profil de goût supérieur et des volumes de café plus élevés, positionnant l'entreprise pour une montée en puissance rapide sur le marché des solutions durables.

NEXE Innovations gibt eine Partnerschaft mit EKOCUPS bekannt, einem hochvolumigen Amazon-Händler, und markiert damit den strategischen Einstieg in den US-Markt für Einzeldosen. Die erste Lieferung umfasst fünf kompostierbare Kaffeekapseln, die mit Keurig kompatibel sind: Classic Medium Roast, Breakfast Blend, Half Caff, Decaf Medium Roast und Hazelnut Flavored Coffee. Die von BPI zertifizierten kompostierbaren Kapseln von NEXE bieten eine umweltfreundliche Alternative mit einem überlegenen Geschmacksprofil und höheren Kaffeebewertungen, wodurch das Unternehmen in der Lage ist, schnell im Markt für nachhaltige Lösungen zu wachsen.

Positive
  • Expansion into the largest single-serve pod market (U.S.) through partnership with high-volume Amazon seller
  • Largest product delivery to date
  • Product line includes 5 different SKUs with more planned
Negative
  • None.

EKOCUPS, an online and high-volume seller on Amazon, received an initial shipment of NEXE's BPI-certified compostable coffee pods

WINDSOR, ON, Nov. 28, 2024 /PRNewswire/ - NEXE Innovations Inc. ("NEXE" or the "Company") (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce a partnership with EKOCUPS (https://ekocups.com/), a high-volume online seller and Amazon retailer. This strategic entry into the largest single-serve pod market1, with a high-volume pod seller, is an important step in NEXE's growth phase. We believe our product provides a more effective and sustainable alternative to the traditional plastic recyclable pods.

EKOCUPS is a trusted name in the coffee industry, offering premium coffee products. This initial shipment includes five Keurig®*-compatible compostable single-serve coffee pod SKUs (stock keeping unit), with more SKUs to follow. The SKUs included in this first delivery are:

  • Classic Medium Roast
  • Breakfast Blend
  • Half Caff
  • Decaf Medium Roast
  • Hazelnut Flavored Coffee

To explore EKOCUPS' Official Website: Visit Here

Compostable Coffee Pods That Perform
NEXE's proprietary, BPI-certified compostable coffee pods provide customers with an eco-friendly alternative without compromising performance and price. NEXE's proprietary, best-in-class extraction method and pod technology preserve premium coffee flavors and offer a superior taste profile while addressing key challenges, such as accommodating higher coffee volumes. We expect the NEXE pod will allow premium coffee companies to expand into the growing compostable single-serve market while maintaining their premium coffee experience.

"Our partnership with EKOCUPS demonstrates the strong market appetite for compostable solutions in the United States and is our largest delivery to date," said Ash Guglani, President and Director of NEXE Innovations. "It also reflects our ability to attract major players in the coffee industry. We are poised to scale rapidly and be a leader in the shift to sustainable solutions by focusing on partnerships with larger coffee companies."

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 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.

___________________________

1 https://www.mordorintelligence.com/industry-reports/united-states-coffee-pods-and-capsules-market

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/nexe-innovations-expands-into-us-market-with-ekocups-partnership-302318037.html

SOURCE Nexe Innovations Inc.

FAQ

What products did NEXE Innovations (NEXNF) ship to EKOCUPS in November 2024?

NEXE shipped five Keurig-compatible compostable coffee pod SKUs: Classic Medium Roast, Breakfast Blend, Half Caff, Decaf Medium Roast, and Hazelnut Flavored Coffee.

What certification do NEXE Innovations (NEXNF) coffee pods have?

NEXE's coffee pods are BPI-certified compostable.

How is NEXE Innovations (NEXNF) entering the U.S. market?

NEXE is entering the U.S. market through a partnership with EKOCUPS, a high-volume online seller and Amazon retailer.

NEXE INNOVATIONS INC

OTC:NEXNF

NEXNF Rankings

NEXNF Latest News

NEXNF Stock Data

29.37M
83.06M
14.63%
1.23%
Packaging & Containers
Consumer Cyclical
Link
United States of America
Surrey