Xeriant’s Thanksgiving Message to its Shareholders and Business Partners
- Xeriant has made significant progress in developing NEXBOARD™, a durable, eco-friendly building panel.
- The company has received positive feedback and approval for NEXBOARD™ from major industry players, indicating potential market acceptance.
- Xeriant has taken important steps to meet challenges in mass-producing NEXBOARD™ and integrating it into existing building systems.
- Delays in industry standard certification testing for NEXBOARD™ due to backlog at a third-party testing agency.
- Despite delays, Xeriant remains optimistic about NEXBOARD's commercialization.
BOCA RATON, Fla., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Xeriant, Inc. (OTCQB: XERI) (“Xeriant” or “the Company”), a Company dedicated to the discovery, development and commercialization of aerospace technologies and advanced materials, today released a Thanksgiving holiday message to its valued shareholders and business partners from its CEO, Keith Duffy:
Dear Shareholders and Business Partners,
We would like to express our heartfelt gratitude for your support and trust, which have been critical to Xeriant’s success, and wish you a blessed Thanksgiving season filled with the love of family and friends.
Our focus for much of 2023 has been aimed at developing advanced composites for the construction industry and establishing relationships with some of the major end users of building materials. We recognized a massive opportunity in the emerging green building materials space and particularly with a more durable, eco-friendly alternative to gypsum board and wood sheathing products, which have essentially been unchanged for over a century. NEXBOARD™, a building panel made from recovered plastic and fiber and our proprietary fire retardant, is extremely durable, lighter in weight, and resistant to fire and water.
To be a viable substitute to traditional building materials, NEXBOARD™ has to be competitively priced, mass-produced with uniformity, and integrated into existing building systems — while meeting (and in many cases, significantly exceeding) testing and certification standards. Over the past several months, we have taken important steps to meet these challenges, including fine-tuning the composite mix, optimizing our fire retardant, securing a clean and consistent supply of base materials, designing proprietary manufacturing equipment, and filing a patent for our product’s novel composition and manufacturing technique.
Early September, we engaged a large third-party testing agency to perform industry standard certification testing on our NEXBOARD™. However, due to a backlog we were put into a queue. Thankfully, one of the large national builders that we are working with introduced us to another agency and the testing is now imminent.
In addition to advancing the commercialization process, during that timeframe, we simultaneously strengthened NEXBOARD’s footing. We not only made several improvements to NEXBOARD™, but we enhanced our fire retardant and developed another product, which will be announced soon.
Our entire team at Xeriant is thankful for the support we’ve received from our shareholders and partners, as well as for the overwhelmingly positive response and approval NEXBOARD™ has received from a number of major industry players — as we continue to capitalize on opportunities and enhance shareholder value.
May you be blessed with joy, health, and happiness this Thanksgiving.
Keith Duffy
CEO
About Xeriant, Inc.
Xeriant, Inc. is a 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 building panel made from plastic and cardboard waste, designed to replace products such as drywall, plywood, OSB, MDF, MgO board and other materials used in construction. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport.
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,” “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
Xeriant.com
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