NEXE Innovations Secures Fourth Partnership, Expanding its Audience in Canada and the United States
NEXE Innovations (NEXNF) has secured its fourth major partnership with a North American distributor specializing in retail, office coffee services, and hospitality sectors. The partner, an early player in the single-serve coffee market post K-Cup patent expiration in 2013, has placed an initial order of over 150,000 pods across six SKUs and three brands.
This marks NEXE's fourth significant partnership in four months, with the partner selecting NEXE's BPI-certified compostable coffee pod for their sustainable innovation initiative. The distribution agreement spans both Canadian and U.S. markets, with pods being delivered to three locations across these countries.
NEXE Innovations (NEXNF) ha ottenuto la sua quarta importante collaborazione con un distributore nordamericano specializzato nei settori del retail, dei servizi di caffè per uffici e dell'ospitalità. Il partner, un pioniere nel mercato del caffè monodose dopo la scadenza del brevetto K-Cup nel 2013, ha effettuato un ordine iniziale di oltre 150.000 capsule suddivise in sei SKU e tre marchi.
Questo segna la quarta significativa partnership di NEXE in quattro mesi, con il partner che ha scelto la capsula di caffè compostabile certificata BPI di NEXE per la loro iniziativa di innovazione sostenibile. L'accordo di distribuzione copre sia il mercato canadese che quello statunitense, con le capsule che verranno consegnate in tre località in questi paesi.
NEXE Innovations (NEXNF) ha asegurado su cuarta gran asociación con un distribuidor norteamericano especializado en los sectores de retail, servicios de café para oficinas y hospitalidad. El socio, un pionero en el mercado de café de una sola porción tras la expiración de la patente K-Cup en 2013, ha realizado un pedido inicial de más de 150,000 cápsulas en seis SKU y tres marcas.
Esto marca la cuarta asociación significativa de NEXE en cuatro meses, con el socio eligiendo la cápsula de café compostable certificada por BPI de NEXE para su iniciativa de innovación sostenible. El acuerdo de distribución abarca tanto los mercados canadiense como estadounidense, con cápsulas que se entregarán en tres ubicaciones en estos países.
NEXE Innovations (NEXNF)는 소매, 사무실 커피 서비스 및 환대 분야를 전문으로 하는 북미 유통업체와 네 번째 주요 파트너십을 체결했습니다. 파트너는 2013년 K-Cup 특허 만료 이후 단일 서브 커피 시장의 초기 업체로, 150,000개 이상의 포드를 여섯 개 SKU 및 세 가지 브랜드에 걸쳐 초기 주문했습니다.
이는 NEXE의 네 번째 중요한 파트너십으로, 파트너는 지속 가능한 혁신 이니셔티브를 위해 NEXE의 BPI 인증 퇴비화 커피 포드를 선택했습니다. 유통 계약은 캐나다 및 미국 시장을 아우르며, 포드는 이 두 나라의 세 곳에 배송될 예정입니다.
NEXE Innovations (NEXNF) a sécurisé son quatrième partenariat majeur avec un distributeur nord-américain spécialisé dans les secteurs du commerce de détail, des services de café pour bureaux et de l'hospitalité. Le partenaire, un acteur précoce sur le marché du café en dosettes après l'expiration du brevet K-Cup en 2013, a passé une commande initiale de plus de 150 000 dosettes réparties sur six SKU et trois marques.
Cela marque le quatrième partenariat significatif de NEXE en quatre mois, le partenaire ayant choisi la dosette de café compostable certifiée BPI de NEXE pour son initiative d'innovation durable. L'accord de distribution couvre les marchés canadien et américain, les dosettes étant livrées à trois emplacements dans ces pays.
NEXE Innovations (NEXNF) hat seine vierte große Partnerschaft mit einem nordamerikanischen Distributor gesichert, der auf die Bereiche Einzelhandel, Bürokaffeeverkauf und Gastgewerbe spezialisiert ist. Der Partner, ein früher Akteur auf dem Markt für Einzeldosierung von Kaffee nach Ablauf des K-Cup-Patents im Jahr 2013, hat eine Erstbestellung von über 150.000 Kapseln über sechs SKUs und drei Marken aufgegeben.
Dies markiert die vierte bedeutende Partnerschaft von NEXE innerhalb von vier Monaten, wobei der Partner die BPI-zertifizierte kompostierbare Kaffeekapsel von NEXE für seine nachhaltige Innovationsinitiative ausgewählt hat. Der Vertriebsvertrag erstreckt sich über die Märkte in Kanada und den USA, wobei die Kapseln an drei Standorte in diesen Ländern geliefert werden.
- Secured fourth major partnership in four months
- Initial order of 150,000+ pods
- Partner has established presence in both US and Canadian markets
- Partner represents multiple recognized brands with 50+ SKUs
- None.
WINDSOR, Ontario, Feb. 27, 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 a fourth partnership with a North American distributor specializing in retail, office coffee services (OCS) and hospitality sectors.
We believe that this new partnership represents a significant milestone for NEXE, as this partner was among the first to capitalize on the multi-billion-dollar single-serve coffee market following the expiration of the K-Cup patent in 2013 in both Canada and the U.S. Now, they are strengthening their commitment to sustainability, by selecting NEXE’s BPI-certified compostable coffee pod to drive their next wave of eco-friendly innovation. Our new partner currently represents several recognized brands with over 50 product SKUs. The first order is for over 150,000 pods across six SKUs across three brands.
Momentum Continues: Fourth Major Deal in Four Months
This collaboration represents NEXE's fourth major partnership in the last four months, which we believe demonstrates a growing demand for sustainable single-serve coffee solutions. The initial rollout of six SKUs across three brands, reflect in our view our partner's confidence in our innovative technology and our partner's commitment to delivering eco-friendly coffee options at scale. The pods are being delivered to three locations in Canada and the U.S.
"With decades of experience in the coffee industry and a diverse brand portfolio, our new partner brings invaluable expertise to this collaboration," said Ash Guglani, President of NEXE Innovations. "We believe that partnering with an established leader in the single-serve coffee industry highlights the demand for our BPI-certified compostable coffee pod and reflects the growth trajectory of our business. This strategic relationship is expected to support our efforts to strengthen our position in the sustainable coffee market."
NEXE and this partner will continue to refine product development and ramp up commercialization efforts in the coming months. Shareholders can expect further updates as we pursue this exciting new collaboration.
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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
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 NEXE's fourth partnership, growth opportunities associated with such partnership and the increasing market for NEXE's BPI-certified compostable coffee pods. 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.
A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/37be1eb0-82b6-4d90-b25d-44ce280b68db
FAQ
How many NEXE Innovations (NEXNF) compostable coffee pods were ordered in the initial partnership deal?
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What type of certification do NEXE Innovations' (NEXNF) coffee pods have?
