Xeriant NEXBOARD™ Update: Finalizing Testing and Setting Up Production
Xeriant (OTCQB: XERI) provides an update on NEXBOARD™, its eco-friendly composite construction panel. The company has engaged a polymer chemist to refine the board's composition, focusing on passing the NFPA 286 fire test. Xeriant is finalizing a production method that optimizes volume, quality, and cost efficiency. The company is also setting up large-scale production with a contract manufacturer to meet near-term demand. Multiple companies are waiting to make purchases once production begins.
Xeriant plans to establish its own manufacturing facilities and has identified equipment and potential locations. Discussions with an investment bank for funding plant and equipment are underway. NEXBOARD is part of Xeriant's DUREVER™ brand of advanced materials, targeting the green construction materials market, projected to reach $1.2 trillion by 2032.
Xeriant (OTCQB: XERI) fornisce un aggiornamento su NEXBOARD™, il suo pannello di costruzione composito ecologico. L'azienda ha coinvolto un chimico dei polimeri per perfezionare la composizione del pannello, concentrandosi sul superamento del test di incendio NFPA 286. Xeriant sta finalizzando un metodo di produzione che ottimizza il volume, la qualità e l'efficienza dei costi. L'azienda sta anche preparando una produzione su larga scala con un produttore a contratto per soddisfare la domanda nel breve termine. Multiple aziende stanno aspettando di effettuare acquisti una volta avviata la produzione.
Xeriant prevede di stabilire proprie strutture di produzione e ha identificato attrezzature e possibili ubicazioni. Sono in corso discussioni con una banca d'investimento per finanziare impianti e attrezzature. NEXBOARD fa parte del marchio DUREVER™ di materiali avanzati di Xeriant, mirato al mercato dei materiali da costruzione ecologici, che si prevede raggiunga 1,2 trilioni di dollari entro il 2032.
Xeriant (OTCQB: XERI) proporciona una actualización sobre NEXBOARD™, su panel de construcción compuesto ecológico. La empresa ha contratado a un químico de polímeros para perfeccionar la composición del panel, enfocándose en aprobar la prueba de incendio NFPA 286. Xeriant está finalizando un método de producción que optimiza el volumen, la calidad y la eficiencia de costos. La compañía también está estableciendo producción a gran escala con un fabricante por contrato para satisfacer la demanda a corto plazo. Múltiples empresas están esperando realizar compras una vez que comience la producción.
Xeriant planea establecer sus propias instalaciones de fabricación y ha identificado equipos y posibles ubicaciones. Se están llevando a cabo discusiones con un banco de inversión para financiar la planta y los equipos. NEXBOARD es parte de la marca DUREVER™ de materiales avanzados de Xeriant, dirigido al mercado de materiales de construcción verdes, que se proyecta alcanzará 1.2 billones de dólares para el 2032.
Xeriant (OTCQB: XERI)는 에코 친화적인 복합 건축 패널인 NEXBOARD™에 대한 업데이트를 제공합니다. 이 회사는 패널의 구성을 세밀하게 조정하기 위해 고분자 화학자를 고용하고 NFPA 286 화재 테스트를 통과하는 데 집중하고 있습니다. Xeriant는 부피, 품질 및 비용 효율성을 최적화하는 생산 방법을 마무리하고 있습니다. 이 회사는 또한 단기 수요를 충족하기 위해 계약 제조업체와 함께 대규모 생산을 설정하고 있습니다. 여러 회사들이 생산이 시작되면 구매를 기다리고 있습니다.
Xeriant는 자사의 제조 시설을 설립할 계획이며, 장비 및 잠재적 위치를 확인했습니다. 공장과 장비 자금을 위한 투자은행과의 논의가 진행 중입니다. NEXBOARD는 Xeriant의 DUREVER™ 브랜드의 고급 소재 중 하나로, 친환경 건축 자재 시장을 겨냥하고 있으며, 2032년까지 1.2조 달러에 도달할 것으로 예상됩니다.
Xeriant (OTCQB: XERI) fournit une mise à jour concernant NEXBOARD™, son panneau de construction composite respectueux de l'environnement. L'entreprise a engagé un chimiste des polymères pour affiner la composition du panneau, en se concentrant sur la réussite du test d'incendie NFPA 286. Xeriant est en train de finaliser une méthode de production qui optimise le volume, la qualité et l'efficacité des coûts. La société prépare également une production à grande échelle avec un fabricant sous contrat pour répondre à la demande à court terme. Plusieurs entreprises attendent de passer des commandes une fois la production lancée.
Xeriant prévoit d'établir ses propres installations de fabrication et a identifié l'équipement et des lieux potentiels. Des discussions avec une banque d'investissement pour le financement des installations et de l'équipement sont en cours. NEXBOARD fait partie de la marque DUREVER™ de matériaux avancés de Xeriant, ciblant le marché des matériaux de construction verts, qui devrait atteindre 1,2 billion de dollars d'ici 2032.
Xeriant (OTCQB: XERI) gibt ein Update zu NEXBOARD™, seinem umweltfreundlichen Verbundbaupanel. Das Unternehmen hat einen Polymerchemiker engagiert, um die Zusammensetzung des Boards zu optimieren, wobei der Fokus auf dem Bestehen des NFPA 286 Brandsch tests liegt. Xeriant finalisiert eine Produktionsmethode, die Volumen, Qualität und Kosteneffizienz optimiert. Das Unternehmen richtet außerdem eine Großproduktion bei einem Auftragsfertiger ein, um der kurzfristigen Nachfrage gerecht zu werden. Mehrere Unternehmen warten darauf, Einkäufe zu tätigen, sobald die Produktion beginnt.
Xeriant plant, eigene Fertigungsstätten einzurichten und hat die nötige Ausrüstung und mögliche Standorte identifiziert. Gespräche mit einer Investmentbank zur Finanzierung von Anlagen und Ausrüstung sind im Gange. NEXBOARD gehört zur DUREVER™-Marke von Xeriant, die auf den Markt für umweltfreundliche Baumaterialien abzielt, dessen Größe bis 2032 auf 1,2 Billionen Dollar geschätzt wird.
- Engagement of a polymer chemist to refine NEXBOARD composition for improved fire resistance
- Finalizing production method for optimal volume, quality, and cost efficiency
- Setting up large-scale production with a contract manufacturer
- Multiple companies waiting to purchase NEXBOARD once production begins
- Plans to establish own manufacturing facilities
- Discussions with investment bank for funding plant and equipment
- Targeting green construction materials market projected to reach $1.2 trillion by 2032
- NEXBOARD has not yet passed the NFPA 286 fire test
- Large-scale production not yet operational
- Own manufacturing facilities not yet established
Chemist and composites testing laboratory help to finalize board composition
Contract manufacturer being lined up for production
BOCA RATON, Fla., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Xeriant, Inc. (OTCQB: XERI) (“Xeriant” or “the Company”), dedicated to the discovery, development and commercialization of disruptive technologies in advanced materials and aerospace, provides an update on NEXBOARD™ testing and production. NEXBOARD is an eco-friendly, patent-pending composite green construction panel generally made from plastic and fiber waste, designed to offer a more sustainable and durable alternative to traditional materials like wood and gypsum board which are non-renewable resources or that have a hazardous impact on the environment.
“Following initial fire testing at a national certification laboratory in June, Xeriant engaged a polymer chemist to help refine NEXBOARD’s composition, with a focus on passing the rigorous NFPA 286 test. Leading up to this step were several modifications in the base material and fire-retardant compositions, and finalizing a production method that delivers the highest volume, best quality output at the lowest cost, which involved extensive research and testing over many months. We believe that the additional changes will enable NEXBOARD to meet or surpass the existing code requirements for building materials used for our targeted applications,” stated Keith Duffy, CEO of Xeriant.
Xeriant is also in the process of setting up large-scale production at a well-established contract manufacturer, which will enable NEXBOARD to be sold in volume near-term. A list of companies are waiting for production to start so they can begin making purchases. In order to meet the vast market demand, Xeriant plans to set up its own manufacturing facilities and has already identified equipment and potential locations for the first site. Meetings have already taken place with a prominent investment bank interested in providing the funding needed for plant and equipment.
About Xeriant, Inc.
Xeriant, Inc. is a holding and operating company dedicated to the discovery, development and commercialization of advanced materials and technology related to next generation air and spacecraft, which can be successfully integrated and commercialized for deployment across multiple industrial sectors. We seek to partner with and acquire strategic interests in visionary companies that accelerate this mission. Xeriant’s advanced materials line is marketed under the DUREVER™ brand, and includes NEXBOARD™, an eco-friendly, patent-pending composite construction panel made from plastic and fiber waste, designed to replace products such as drywall, plywood, OSB, MDF, MgO board and other materials used in construction.
NEXBOARD is at the forefront of the rapidly growing green construction materials market, projected to reach
For more information, please go to www.xeriant.com.
SAFE HARBOR FORWARD-LOOKING STATEMENTS
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Xeriant, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “optimistic,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to attract investors.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make, and investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
This press release does not constitute an offer of any securities for sale.
Xeriant, Inc.
Investor Relations Dept.
(561) 491-9595
IR@xeriant.com
Xeriant.com
FAQ
What is the current status of NEXBOARD testing and production for Xeriant (XERI)?
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What is the projected market size for green construction materials that Xeriant (XERI) is targeting with NEXBOARD?
How is Xeriant (XERI) planning to fund its own NEXBOARD manufacturing facilities?
