Xeriant Inc - XERI STOCK NEWS

Xeriant, Inc. (OTCQB: XERI) announced an online press conference on August 3, 2022, at 4:30 p.m. EDT to discuss recent positive developments. The event will take place at Florida Atlantic University and will be streamed online. Institutional investors and press can request a press packet by contacting Xeriant's investor relations. Xeriant focuses on Advanced Air Mobility, aiming to develop next-generation electrically powered aircraft for eco-friendly flight and strategic partnerships.

Xeriant, Inc. (OTCQB: XERI) has announced a press conference on August 3, 2022, to discuss recent developments in its operations focused on Advanced Air Mobility. The date was postponed from late July due to management travel to Slovakia, where they will address the demand for Retacell® and related composite materials. The company is in advanced negotiations with end users in the building and textiles industries and is scaling up production capabilities, including establishing a pilot manufacturing facility in North America.

Xeriant, Inc. (OTCQB: XERI) announced a postponed press conference to mid or late July to better update shareholders on significant business developments. The company highlights progress in joint ventures with Movychem and XTI Aircraft, aiming for immediate revenue and long-term value. Key advancements include the certification process for eco-friendly flame retardants and the completion of the TriFan 600’s preliminary design phase, which enhances its market potential. The order pipeline has increased by 50%, now valued at $2.25 billion in gross revenue.

Xeriant, Inc. has developed a high-strength, fire-resistant composite panel made from recycled materials, including Retacell® and cardboard fiber-reinforced polymeric resin. The panel is versatile, suitable for various construction applications, and is designed to compete with traditional materials like plywood and drywall. The company plans to license this technology to major manufacturers. The global building materials market, valued at USD 838.1 billion in 2021, is expected to reach USD 1.092.4 billion by 2025, indicating significant market potential for this innovation.

Xeriant, Inc. (OTCQB: XERI) has completed pre-certification testing for its eco-friendly Retacell® flame retardant, applicable to synthetic fabrics widely used in various industries. The company aims to provide a safer alternative as regulations tighten on toxic substances, evidenced by the EU's ban on 12,000 harmful chemicals. Xeriant plans to present these results to a global textile manufacturer and develop a bulk additive for cost-efficient production. The global synthetic textiles market is projected to grow from $60 billion in 2020 to $100 billion by 2028, highlighting significant market potential.

Xeriant, Inc. (OTCQB: XERI), an aerospace firm focused on Advanced Air Mobility (AAM), announces a forthcoming press conference to reveal significant developments, tentatively scheduled for late June. The company specializes in eco-friendly, electrically powered aircraft capable of vertical takeoff and landing, while also pursuing strategic partnerships to enhance its mission. The announcement highlights Xeriant's commitment to innovation in aviation technology and the importance of evolving infrastructure to support AAM.

Xeriant, Inc. has appointed retired Air Force Brigadier General Blaine Holt to its Board of Advisors. General Holt brings extensive military experience and strategic acumen, having served in pivotal roles including U.S. Deputy Military Representative to NATO. He will provide strategic vision and expertise in assessing future aerospace technologies. Holt's past achievements include leading logistics for the U.S. European Command and a successful tenure as President of Million Air, where he raised $150 million for growth.

Xeriant, Inc. (OTCQB: XERI) has appointed Steven Swanson, a former NASA astronaut, to its Board of Advisors. With 28 years at NASA, he brings significant experience in spaceflight technologies, including multiple missions to the International Space Station. Swanson's expertise will be leveraged in exploring applications for Xeriant's Retacell fire retardant in aerospace, particularly for non-toxic fire-retardant chemicals. CEO Keith Duffy emphasized Swanson's potential to advance the company’s objectives in Advanced Air Mobility as Xeriant aims to develop eco-friendly aviation solutions.

Xeriant recently announced a pivotal regulatory advancement regarding flame retardants, particularly the eco-friendly Retacell technology, following the European Union's proposal to ban up to 12,000 hazardous chemicals. This ban is expected to generate significant market opportunities for Xeriant as consumers and industries transition towards safer alternatives. The company has entered a joint venture with Movychem, acquiring exclusive rights to Retacell, which is non-toxic, biodegradable, and versatile for various applications. This regulation may also influence similar reforms globally.