WINDSOR,
ON, Nov. 19, 2024 /CNW/ - NEXE Innovations
Inc. ("NEXE", the "Company", "we", "us" or "our") (TSXV: NEXE)
(Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative
materials company, is pleased to announce the appointment of
Tom Hoyne as a Strategic Advisor to
the Company.
Mr. Hoyne has over 35 years of food operations and manufacturing
experience. Most recently, he served as the Vice President of
Coffee and Quality at Kicking Horse Coffee, where he dedicated 20
years to managing quality and food safety systems, sourcing green
coffee, overseeing roasting operations, and refining coffee
processing. He continued in this role after Lavazza acquired 80% of
Kicking Horse Coffee for approximately $215
million. We believe Mr. Hoyne will provide invaluable advice
and expertise to NEXE Innovations as it scales its operations for
the coffee segment. Mr. Hoyne's experience in the coffee space and
his experience as an entrepreneur in the manufacturing industry
will be a significant value add to the existing NEXE team.
"I have known NEXE since its inception and genuinely believe
in their product. They have developed a competitive product that
targets the single-serve plastic pod sustainability concerns,"
stated Tom Hoyne, "This is a
much-needed solution for a growing part of the coffee market. I
look forward to working with the NEXE team".
"Tom Hoyne will provide
strategic guidance across multiple facets of our operations. His
expertise in the coffee industry and managing food operations will
be a tremendous asset as we hit production milestones and expand
our operations to serve larger customers," stated Ash
Guglani.
NEXE will be attending the Corporate Growth Conference
(https://www.wastetodayevents.com/) November 20-21, 2024, Chicago, Illinois
NEXE Innovations will be attending the Corporate Growth
Conference produced by Waste Today. The conference is designed for
operators and investors across the environmental services industry.
As NEXE continues to build out its BPI-certified compostable coffee
pod segment and operations, we are also exploring the next steps
that best align with our proprietary compostable materials R&D
strategy and additional markets to target. To learn more and to
meet in person at the conference, contact:
Kam Mangat
VP, Investor Relations & Corporate Strategy
invest@nexeinnovations.com
Office +1-604-359-4725
Mobile +1-604-359-4742
About NEXE Innovations Inc.
NEXE Innovations is
focused on providing innovative compostable material solutions and
packaging to the B2B segment to help businesses achieve their
sustainability goals. NEXE Innovations has developed a proprietary
and patented compostable material that can withstand heat,
pressure, and water. Our flagship product, the NEXE Pod, a
BPI-certified compostable coffee pod, showcases our material's
durability and is an ideal substitute for plastic. The NEXE
pod is compatible with major coffee brewing machines and is
manufactured at NEXE's vertically integrated facility based in
North America. Discover our
innovative approach to sustainability at www.nexeinnovations.com
and join our journey on social media @nexeinnovations.
#compostablecoffeepods #sustainability #greentech
On behalf of the Company:
Ash Guglani
President & Director
For investor relations contact:
Kam Mangat
VP, Investor Relations & Corporate Strategy
invest@nexeinnovations.com
Office +1-604-359-4725
Mobile +1-604-359-4742
For media relations contact: media@nexeinnovations.com
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, but are
not limited to, statements in respect the Company's long-term
growth and development plans. 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 "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 those risks set out in the Company's management's
discussion and analysis for year ended May
31, 2024 under the headings "Risk and Uncertainties". 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 receipt of necessary approvals 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.