NEXE's Patented Compostable Capsule for Keurig® Brewing Systems is Finally Here

Rhea-AI Summary

NEXE Innovations Inc. (TSXV: NEXE) has launched its fully compostable coffee pods compatible with Keurig® machines, available at nexecoffee.com. After over six years of R&D, these pods break down in about 35 days in composting facilities. The new coffee blends use certified organic beans from Peru and are available in medium, medium-dark, and dark roasts. NEXE has raised over $60 million to date and aims to address environmental concerns within the single-serve coffee market.

Positive

• Launch of fully compostable coffee pods compatible with Keurig® machines.
• Pods decompose in approximately 35 days, significantly reducing environmental impact.
• Utilization of 100% certified organic beans from Peru in new coffee blends.
• Over $60 million raised to support R&D and product development.

Negative

• None.

VANCOUVER, BC, Nov. 1, 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 its coffee pods using its proprietary filter system are available to purchase at nexecoffee.com. The fully-compostable, plant-based pods, are compatible with Keurig® single-serve brewing systems.

The NEXE Pod is made completely from plant-based materials and is the result of over six years of research and development. Both the NEXE Keurig® and Nespresso® pod formats break down in as few as 35 days in a municipal composting facility, approximately the time it takes for an apple core to decompose.

"After more than 6 years of R&D, we are delivering on our promise to bring to market a fully compostable coffee capsule made for Keurig® brewing systems that utilizes the original Keurig® design. The original Keurig® capsule was engineered to be self-protected, prevent exposure to oxygen and water vapor, maintaining freshness. It was a challenge to meet these requirements while staying true to our mandate to construct a pod from plant-based renewable materials that is fully compostable. We not only met our goals, but we also exceeded them. Our patented design increases coffee extraction, providing a better tasting and bolder cup of coffee, every brew," said Darren Footz, CEO of NEXE.

Grown in the mountains of Peru, the new blend uses 100% certified organic beans and is roasted to perfection for a rich and balanced flavour, medium acidity, with hints of brown sugar, lime, and an apple finish. The NEXE Coffee selection is available in three different roasts: 

• Medium Roast 
• Medium-Dark Roast 
• Dark Roast 

Each new blend is available in packages of 12 or 24 pods. 

Learn more about NEXE Innovations online at https://nexeinnovations.com/investors/

*NEXE Innovations, Inc. is not affiliated with, endorsed, or sponsored by Keurig®. Keurig® is a registered trademark of Keurig Dr Pepper Inc.

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: https://nexeinnovations.com/.

ON BEHALF OF THE BOARD OF DIRECTORS
NEXE INNOVATIONS INC.

s/ "Ash Guglani"
                                                                                
Ash Guglani, President

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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.

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SOURCE Nexe Innovations Inc.

FAQ

What is the significance of NEXNF's new coffee pods launch?

NEXNF launched fully compostable coffee pods aiming to reduce environmental impact and meet growing consumer demand for sustainable products.

How quickly do NEXE coffee pods decompose?

NEXE's coffee pods break down in about 35 days in municipal composting facilities.

What types of coffee blends are offered by NEXE Innovations?

NEXE offers medium, medium-dark, and dark roast coffee blends made from certified organic beans.

How much funding has NEXE Innovations raised?

NEXE Innovations has raised over $60 million to support its product development and R&D efforts.

Where can I purchase NEXE's compostable coffee pods?

NEXE's compostable coffee pods are available for purchase at nexecoffee.com.