Xeriant Inc - XERI STOCK NEWS

Xeriant, Inc. (OTCQB: XERI) announced a partnership with TMF Corporation to manufacture eco-friendly, flame retardant-infused recycled plastic for NEXBOARD™ panels, which aim to replace traditional building materials like drywall and plywood. This collaboration will utilize TMF's expertise in producing FM Approved plastic products, aligning with Xeriant's sustainability goals. The partnership involves the agglomeration of post-industrial plastic waste and eco-friendly flame-retardants to create pellets for NEXBOARD™. Xeriant's CEO expressed excitement about leveraging TMF's capabilities for the new product's development.

Xeriant, Inc. (OTCQB: XERI) announced a significant update regarding the production of NEXBOARD™, a versatile building panel. The company is assessing manufacturing facilities in the New York tri-state area, focusing on factors like quality control, capacity, and production costs. Xeriant has selected a facility for a small-scale production trial, producing up to 40 wallboards with various flame-retardants for testing. A major U.S. homebuilder awaits test samples, which may lead to a large order or licensing agreement. This initiative is crucial for Xeriant's growth in the building materials market.

Xeriant, Inc. (OTCQB: XERI) has trademarked NEXBOARD™ for its innovative Retacell®-based wall panels, aiming to replace traditional wallboard materials in construction. This eco-friendly product has garnered interest from the homebuilding industry, evidenced by a Letter of Intent for 35,000 homes from Next New Concept. The panels, which emphasize safety and sustainability, are in the commercialization phase for retail and licensing partners. Retacell® is a biodegradable thermal and fire protection agent, indicating Xeriant's commitment to advanced materials technology.

Xeriant, Inc. (OTCQB: XERI) has signed a significant Letter of Intent with Next New Concept to supply up to $130 million worth of Retacell®-based wall panels for a 35,000-unit residential project in Africa. This initiative could potentially generate over $250 million in revenue for Xeriant starting in 2023. Retacell® is recognized for its biodegradable and nontoxic properties, providing thermal and fire protection. CEO Keith Duffy highlighted the deal as a major milestone, affirming its role in establishing a solid foundation for other agreements.

Xeriant, Inc. (OTCQB: XERI) announced a series of positive developments in a recent video conference. Notably, a joint venture with Movychem has generated a Letter of Intent with Next New Concept for Retacell wall panels, projected to exceed $100 million in revenue starting in 2023. The joint venture with XTI Aircraft has led to qualified preorders of over $3 billion for the TriFan 600. Additionally, Xeriant aims for a NASDAQ uplist by year-end and is testing new fire-resistant wall panels. The company is actively engaging manufacturers to support production capabilities.