NEXE Innovations Provides Corporate Update
NEXE Innovations Inc. (TSXV: NEXE, OTC: NEXNF) provides a corporate update on its progress in the compostable packaging industry. The company has been conducting commercial testing of its NEXE pod and is in final stages of negotiating master manufacturing supply agreements with multiple companies. NEXE's Windsor Facility is operational with a targeted annual production capacity of up to 500 million Keurig and Nespresso compatible compostable coffee pods.
The company has brought key processes in-house, from manufacturing proprietary resin to finished products, to address supply chain and quality control challenges. NEXE has also established an in-house tool shop to work with R&D and collaborate with B2B customers on customized solutions. The company believes it has developed a superior product and has transformed its business model to ensure scalability, mitigate supply chain risks, and compete on price with plastic.
NEXE Innovations Inc. (TSXV: NEXE, OTC: NEXNF) fornisce un aggiornamento aziendale sui progressi nel settore degli imballaggi compostabili. L'azienda ha condotto test commerciali del suo pod NEXE ed è nelle fasi finali della negoziazione di contratti quadro di fornitura di produzione con diverse aziende. L'impianto di Windsor di NEXE è operativo con una capacità produttiva annuale mirata fino a 500 milioni di pod per caffè compostabili compatibili con Keurig e Nespresso.
L'azienda ha internalizzato processi chiave, dalla produzione di resina proprietaria ai prodotti finiti, per affrontare le sfide della catena di fornitura e del controllo della qualità. NEXE ha anche istituito un'officina interna per lavorare con R&D e collaborare con clienti B2B su soluzioni personalizzate. L'azienda è convinta di aver sviluppato un prodotto superiore e ha trasformato il suo modello di business per garantire scalabilità, mitigare i rischi della catena di fornitura e competere con i prezzi della plastica.
NEXE Innovations Inc. (TSXV: NEXE, OTC: NEXNF) proporciona una actualización corporativa sobre su progreso en la industria de empaques compostables. La compañía ha estado realizando pruebas comerciales de su cápsula NEXE y se encuentra en las etapas finales de negociación de acuerdos de suministro de fabricación con varias empresas. La instalación de NEXE en Windsor está operativa, con una capacidad de producción anual objetivo de hasta 500 millones de cápsulas de café compostables compatibles con Keurig y Nespresso.
La empresa ha internalizado procesos clave, desde la fabricación de resina patentada hasta productos terminados, para abordar los desafíos de la cadena de suministro y el control de calidad. NEXE también ha establecido un taller interno para trabajar con I+D y colaborar con clientes B2B en soluciones personalizadas. La compañía cree que ha desarrollado un producto superior y ha transformado su modelo de negocio para asegurar escalabilidad, mitigar riesgos en la cadena de suministro y competir en precios con el plástico.
NEXE Innovations Inc. (TSXV: NEXE, OTC: NEXNF)는 생분해성 포장 산업에서의 진행 상황에 대한 기업 업데이트를 제공합니다. 이 회사는 NEXE 포드에 대한 상업 테스트를 수행하고 있으며 여러 회사와의 마스터 제조 공급 계약을 체결하는 최종 단계에 있습니다. NEXE의 윈저 시설은 운영 중이며 연간 5억 개의 큐리그 및 네스프레소 호환 생분해성 커피 포드를 생산할 수 있는 목표 용량을 가지고 있습니다.
회사는 공급망 및 품질 관리 문제를 해결하기 위해 독점 수지 제조에서 완제품까지 주요 프로세스를 내부적으로 관리하고 있습니다. NEXE는 R&D와 협력하고 B2B 고객과 맞춤형 솔루션을 개발하기 위해 내부 도구 작업장을 설립했습니다. 이 회사는 우수한 제품을 개발했다고 믿으며, 확장성을 보장하고 공급망 위험을 완화하며 플라스틱 가격과 경쟁하기 위해 비즈니스 모델을 전환했습니다.
NEXE Innovations Inc. (TSXV: NEXE, OTC: NEXNF) fournit une mise à jour sur ses progrès dans l'industrie de l'emballage compostable. L'entreprise a réalisé des tests commerciaux de sa capsule NEXE et est dans les dernières étapes de négociation d'accords de fourniture de fabrication avec plusieurs entreprises. L'établissement de NEXE à Windsor est opérationnel et vise une capacité de production annuelle allant jusqu'à 500 millions de capsules à café compostables compatibles avec Keurig et Nespresso.
L'entreprise a intégré des processus clés en interne, depuis la fabrication de résine propriétaire jusqu'aux produits finis, afin de relever les défis de la chaîne d'approvisionnement et du contrôle de la qualité. NEXE a également établi un atelier interne pour travailler avec la R&D et collaborer avec des clients B2B sur des solutions personnalisées. L'entreprise est convaincue d'avoir développé un produit supérieur et a transformé son modèle commercial pour garantir l'évolutivité, atténuer les risques de la chaîne d'approvisionnement et rivaliser en termes de prix avec le plastique.
NEXE Innovations Inc. (TSXV: NEXE, OTC: NEXNF) gibt ein Unternehmensupdate zu seinen Fortschritten in der Kompostierbaren Verpackungsindustrie. Das Unternehmen führt kommerzielle Tests seines NEXE-Pods durch und befindet sich in den finalen Verhandlungen über Rahmenvereinbarungen zur Lieferfertigung mit mehreren Firmen. Die Anlage in Windsor von NEXE ist betriebsbereit und hat eine angestrebte Jahresproduktion von bis zu 500 Millionen kompostierbaren Kaffeepods, die mit Keurig und Nespresso kompatibel sind.
Das Unternehmen hat wichtige Prozesse intern organisiert, von der Herstellung von proprietärem Harz bis hin zu Fertigprodukten, um Herausforderungen in der Lieferkette und der Qualitätskontrolle zu bewältigen. NEXE hat außerdem eine interne Werkstatt eingerichtet, um mit F&E zusammenzuarbeiten und mit B2B-Kunden individuelle Lösungen zu entwickeln. Das Unternehmen ist der Meinung, dass es ein überlegendes Produkt entwickelt hat und sein Geschäftsmodell transformiert hat, um Skalierbarkeit zu gewährleisten, Risiken in der Lieferkette zu mindern und im Preis mit Kunststoff zu konkurrieren.
- Operational 54,000 sq. ft. Windsor Facility with annual production capacity of up to 500 million compostable coffee pods
- In final stages of negotiating master manufacturing supply agreements with multiple companies
- Vertically integrated strategy with in-house manufacturing of proprietary resin and major components
- Established in-house tool shop for R&D and customized solutions
- Competitive positioning against plastic and aluminum pods in terms of price and quality
- Lengthy sales cycle for startup entering a new market with a disruptive solution
- High expenses related to infrastructure investments and in-house manufacturing
We are seeing that compostable packaging is in high demand across nearly every sector of the consumer-packaged goods industry (CPG), with
Our ~54,000 sq. ft. Windsor Facility is operational, with a targeted annual production capacity of up to 500 million Keurig* and Nespresso** compatible compostable coffee pods. Strategically located, the facility provides us access to major markets in the
Keurig Dr. Pepper, the largest player in
At NEXE, our extensive R&D has resulted in what we believe is a superior product. We recognized early on that scaling up and achieving cost competitiveness with plastic and aluminum pods was essential. Over the last two years, we transformed our business model to deliver a better product and ensure scalability, mitigate supply chain risks, and compete on price with plastic.
"We're proud of the progress we've made in the compostable coffee pod industry. While Keurig and Nespresso are just starting to explore sustainable alternatives, these developments highlight the growing importance of sustainable solutions like compostable materials," said Ash Guglani, President and Co-founder of NEXE. "By reshoring all operations and bringing every aspect of manufacturing in-house, we have gained a competitive advantage, allowing us to deliver a superior product at a competitive price. As the demand for eco-friendly coffee pods grows, we are confident NEXE will stand out with our innovative and cost-effective solutions—even against plastic."
Summary of Market and Investor Awareness Initiatives
The Company has also undertaken certain market and investor awareness initiatives.
Independent Trading Group (ITG): The Company has retained ITG to provide market-making services. The agreement with ITG has an initial term of one month, which may be extended by mutual agreement. ITG will receive a payment of
Clarkham Capital: The Company has engaged Clarkham Capital of
Torque Capital: The Company has engaged Torque Capital for consulting services to enhance and execute the Company's corporate development objectives and investor relations initiatives to increase investor awareness and interest in the Company. The Company has an initial term of three months which may be extended by mutual agreement of the parties. Torque Capital will receive a payment of
Proactive Investors: The Company has engaged Proactive Investors to provide investor relations and media services to the Company. The agreement with Proactive Investors has an initial term of one year term which will automatically renew for additional successive 12-month terms unless terminated by either party at least 90 days prior to renewal. Proactive Investors will be paid
*NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Keurig®. Keurig® is a registered trademark of Keurig Dr Pepper Inc.
**NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Nespresso®. Nespresso® is a registered trademark of Société des Produits Nestlé S.A
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
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
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 Company indications of interest from potential clients, consumer trends, consolidation of operations and 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://consumerbrandsassociation.org/sustainability/recycling-policy-platform/ |
2 Something new is on the horizon: K-Rounds plastic-free pods, Keurig, March 13, 2024 |
3 https://www.nespresso.com/ch/en/compostable |
View original content to download multimedia:https://www.prnewswire.com/news-releases/nexe-innovations-provides-corporate-update-302280894.html
SOURCE Nexe Innovations Inc.
FAQ
What is NEXE Innovations' production capacity for compostable coffee pods?
How has NEXE Innovations (NEXNF) addressed supply chain challenges?
What strategic advantage does NEXE Innovations (NEXNF) have in the compostable packaging industry?
How is NEXE Innovations (NEXNF) positioning itself against plastic and aluminum coffee pods?
