NEXE Innovations Makes Fourth Delivery to U.S.-Based EKOCUPS
NEXE Innovations (NEXNF) has completed its fourth delivery to U.S.-based EKOCUPS, comprising seven different SKUs of compostable coffee pods. The company has delivered over 500,000 pods to date to EKOCUPS, a well-established U.S. company selling coffee products online and through Amazon.
The recurring orders demonstrate growing market traction and customer transition to eco-friendly coffee solutions. NEXE's BPI-certified compostable coffee pod is positioning itself as a competitive alternative in the U.S. single-serve market, which is expected to grow at almost twice the rate of the overall coffee market.
The company is actively developing its U.S. market strategy while managing geopolitical and currency risks. Strategic options under consideration include licensing technology to a U.S. partner or entering a joint venture with an experienced single-serve coffee company.
NEXE Innovations (NEXNF) ha completato la sua quarta consegna a EKOCUPS, un'azienda con sede negli Stati Uniti, composta da sette diverse SKU di capsule di caffè compostabili. L'azienda ha consegnato oltre 500.000 capsule fino ad oggi a EKOCUPS, una società ben consolidata negli Stati Uniti che vende prodotti a base di caffè online e tramite Amazon.
Gli ordini ricorrenti dimostrano una crescente attrattiva di mercato e la transizione dei clienti verso soluzioni di caffè ecologiche. La capsula di caffè compostabile certificata BPI di NEXE si sta posizionando come un'alternativa competitiva nel mercato delle porzioni singole negli Stati Uniti, che si prevede crescerà a quasi il doppio della velocità del mercato del caffè complessivo.
L'azienda sta attivamente sviluppando la sua strategia di mercato negli Stati Uniti mentre gestisce i rischi geopolitici e valutari. Le opzioni strategiche in considerazione includono la concessione in licenza della tecnologia a un partner statunitense o l'ingresso in una joint venture con un'azienda di caffè a porzione singola esperta.
NEXE Innovations (NEXNF) ha completado su cuarta entrega a EKOCUPS, una empresa con sede en EE. UU., que consta de siete SKU diferentes de cápsulas de café compostables. La compañía ha entregado más de 500.000 cápsulas hasta la fecha a EKOCUPS, una empresa estadounidense bien establecida que vende productos de café en línea y a través de Amazon.
Los pedidos recurrentes demuestran una creciente atracción del mercado y la transición de los clientes hacia soluciones de café ecológicas. La cápsula de café compostable certificada por BPI de NEXE se está posicionando como una alternativa competitiva en el mercado de café de porciones individuales en EE. UU., que se espera que crezca a casi el doble de la tasa del mercado general del café.
La empresa está desarrollando activamente su estrategia de mercado en EE. UU. mientras gestiona los riesgos geopolíticos y de divisas. Las opciones estratégicas en consideración incluyen licenciar tecnología a un socio estadounidense o entrar en una empresa conjunta con una compañía de café de porciones individuales con experiencia.
NEXE Innovations (NEXNF)는 미국 기반의 EKOCUPS에 대한 네 번째 배송을 완료했으며, 여기에는 일곱 가지의 다양한 SKU의 퇴비화 가능한 커피 포드가 포함됩니다. 이 회사는 현재까지 EKOCUPS에 500,000개 이상의 포드를 배송했습니다. EKOCUPS는 온라인 및 아마존을 통해 커피 제품을 판매하는 잘 알려진 미국 기업입니다.
재주문은 시장의 성장과 고객이 친환경 커피 솔루션으로 전환하고 있음을 보여줍니다. NEXE의 BPI 인증 퇴비화 가능한 커피 포드는 미국의 단일 서브 시장에서 경쟁력 있는 대안으로 자리 잡고 있으며, 이는 전체 커피 시장의 거의 두 배의 속도로 성장할 것으로 예상됩니다.
회사는 지정학적 및 통화 위험을 관리하면서 미국 시장 전략을 적극적으로 개발하고 있습니다. 고려 중인 전략적 옵션으로는 미국 파트너에게 기술을 라이센스하거나 경험이 풍부한 단일 서브 커피 회사와 합작 투자를 하는 것이 포함됩니다.
NEXE Innovations (NEXNF) a complété sa quatrième livraison à EKOCUPS, une entreprise basée aux États-Unis, comprenant sept SKU différentes de capsules de café compostables. L'entreprise a livré à ce jour plus de 500.000 capsules à EKOCUPS, une société bien établie aux États-Unis qui vend des produits à base de café en ligne et via Amazon.
Les commandes récurrentes démontrent une traction croissante sur le marché et une transition des clients vers des solutions de café écologiques. La capsule de café compostable certifiée BPI de NEXE se positionne comme une alternative compétitive sur le marché américain des portions individuelles, qui devrait croître à presque le double du taux du marché du café global.
L'entreprise développe activement sa stratégie de marché aux États-Unis tout en gérant les risques géopolitiques et de change. Les options stratégiques à l'étude incluent la licence de technologie à un partenaire américain ou l'entrée dans une coentreprise avec une entreprise de café à portion unique expérimentée.
NEXE Innovations (NEXNF) hat seine vierte Lieferung an das in den USA ansässige Unternehmen EKOCUPS abgeschlossen, die aus sieben verschiedenen SKUs von kompostierbaren Kaffeekapseln besteht. Das Unternehmen hat bis heute über 500.000 Kapseln an EKOCUPS geliefert, ein etabliertes US-Unternehmen, das Kaffeprodukte online und über Amazon verkauft.
Die wiederholten Bestellungen zeigen eine wachsende Marktattraktivität und den Übergang der Kunden zu umweltfreundlichen Kaffeelösungen. Die BPI-zertifizierte kompostierbare Kaffeekapsel von NEXE positioniert sich als wettbewerbsfähige Alternative im US-Markt für Einzelportionen, der voraussichtlich fast doppelt so schnell wachsen wird wie der Gesamtkaffeemarkt.
Das Unternehmen entwickelt aktiv seine Marktstrategie in den USA und verwaltet gleichzeitig geopolitische und Währungsrisiken. Zu den in Betracht gezogenen strategischen Optionen gehören die Lizenzierung von Technologien an einen US-Partner oder der Eintritt in ein Joint Venture mit einem erfahrenen Unternehmen für Einzelportionen Kaffee.
- Delivered over 500,000 pods to date
- Secured fourth repeat order from EKOCUPS
- Established recurring revenue stream
- Targeting U.S. market with growth rate 2x overall coffee market
- Facing potential geopolitical and currency risks in U.S. expansion
- Still in early stages of U.S. market penetration
- Dependent on strategic partnerships for U.S. growth
The delivery is a repeat order for seven different SKUs, and to date, we have delivered over 500,000 pods
WINDSOR, Ontario, March 03, 2025 (GLOBE NEWSWIRE) -- NEXE Innovations Inc. ("NEXE", the "Company", “we” or “our”) (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce the delivery of seven different SKUs for EKOCUPS, further to our previously announced partnership with EKOCUPS. To date, we have delivered over 500,000 pods to EKOCUPS. EKOCUPS (https://ekocups.com/) is a well-established company based in the U.S. that sells its coffee products online, and it is a high-volume seller through Amazon.
In our view, this order highlights that our revenues are expected to be recurring and durable as we continue to build traction with our partners. Our partners have provided positive feedback, and their customers appear to be choosing to transition to an eco-friendly coffee pod. We believe the NEXE BPI-certified compostable coffee pod is providing a competitive alternative that is meeting consumers’ needs.
“We are excited with the traction we are gaining with our partners and expect this will continue to build over time,” said Ash Guglani, President of NEXE. “In parallel, we are also working on strategies to gain market share in one of the largest single-serve markets, the U.S. Currently the single-serve U.S. market is expected to grow at almost twice the rate of the overall coffee market.1 We expect to gain market share with our competitive alternative, the NEXE BPI-certified compostable coffee pod.”
U.S. Strategy
NEXE believes it has developed a sustainable solution for the coffee industry that offers the convenience of a single-serve option without significantly higher switching costs. As the U.S. is a key region that NEXE is focused on, we have been actively working on our U.S. strategy to gain traction, while managing potential geopolitical and currency risks. The Company began shaping its U.S. approach prior to the recent tariff discussions, positioning itself to adapt to evolving conditions. We are exploring various strategic options, including licensing our technology to a U.S. partner or entering a strategic joint venture with a coffee company with expertise in the single-serve market. We are engaged in conversations and will provide updates as our plans evolve.
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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 growth of the Company's presence in the US market, potential benefits of the Nexe Pod, the Company's strategic considerations to address potential tariffs, changes to the Company's US strategy, 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 Coffee Market Outlook, Fact.MR (https://www.factmr.com/report/249/coffee-market) and Single Serve Coffee Maker Market Outlook, Fact.MR, (https://www.factmr.com/report/single-serve-coffee-maker-market)
FAQ
How many NEXE compostable pods have been delivered to EKOCUPS as of March 2025?
What strategic options is NEXNF considering for U.S. market expansion?
What certification does NEXE's compostable coffee pod have?
How many different SKUs were included in NEXE's latest delivery to EKOCUPS?
