EKOCUPS continues to expand its product
portfolio to utilize the NEXE BPI-certified compostable coffee pods
with the recent delivery of 2 new SKUs for its premium organic
line
WINDSOR,
ON, Feb. 5, 2025 /CNW/ - NEXE Innovations Inc.
("NEXE" or the "Company") (TSXV: NEXE) (Frankfurt: NX5) (OTC:
NEXNF), a compostable and innovative materials company, is pleased
to announce the delivery of two new SKUs to EKOCUPS for its premium
organic line. EKOCUPS (https://ekocups.com/) is a
well-established company based in the U.S. that sells its coffee
products online and is a high-volume seller through Amazon.
NEXE continues to receive positive feedback on its sustainable
solution for the single-serve coffee industry. The two new SKUs
that NEXE is producing for EKOCUPS are from their premium line of
coffee that holds 13 grams of coffee. NEXE's pod structure is
designed to accommodate premium coffees with higher volume
requirements. NEXE's compostable coffee pod incorporate innovative
technology that increases the filter area (U.S. Pat. No.
12,004,678 issued on June 11,
2024), allowing for more volume per pod and enhanced coffee
extraction, improving taste and richness. The NEXE BPI-certified
compostable coffee pod is intended to offer competitive pricing and
performance while supporting a high-quality brewing experience for
premium coffees.
"These new 13-gram SKUs for EKOCUPS highlights the innovative
design of the NEXE BPI-certified compostable pod and the advantages
that it offers to coffee companies seeking a sustainable
alternative without sacrificing quality and taste," said Ash
Guglani, President of NEXE. "We believe that our comprehensive
IP portfolio provides a strong foundation for growth and supports
our efforts to gain traction and market share."
NEXE believes it has developed a sustainable solution for the
coffee industry that offers the convenience of a single-serve
option without significantly higher switching costs. As the U.S. is
a key region that NEXE is focused on, we have been actively working
on our U.S. strategy with the goal of gaining traction and managing
geopolitical and currency risks.
To learn more about how NEXE is disrupting the
multi-billion-dollar plastics industry, Kam
Mangat, Vice President, Investor Relations & Corporate
Strategy, will present live at the Small Cap Growth Virtual
Investor Conference hosted by
VirtualInvestorConferences.com, on February 6th, 2025 at 1:30pm ET.
DATE: February
6th
TIME: 1:30
pm ET
LINK: NEXE Innovations OTC Small
Growth Virtual Presentation
Available for 1:1 meetings
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
Update on Investors Relations Program
Further to the Company's news release dated December 18, 2024, the Company has amended the
terms of its investor relations arrangement with Clarkham Capital
Ltd. ("Clarkham Capital"), which was previously approved by the TSX
Venture Exchange ("TSXV"). The Company had previously entered into
an investor relations ("IR") agreement with Clarkham Capital
pursuant to which Clarkham Capital was engaged to support the
Company's German Investor Engagement campaign, focusing on the
German stock market and the German-speaking investor community. The
original agreement with Clarkham Capital had a minimum term of
three months and continued until terminated by either party with at
least 30 days' notice. Clarkham Capital was to be paid EUR 350,000 plus applicable taxes for the initial
term. Under an assignment and amending agreement entered into by
Clarkham Capital, Leit Media Ltd. ("Leit Media") and the Company,
Clarkham Capital has assigned its investor relations agreement with
the Company to Leit Media and the term of the agreement has been
extended by two months, with all other terms and conditions
remaining the same, subject to the prior approval of the TSXV. Upon
receipt of TSXV approval, Leit Media will assume all
responsibilities under the agreement, will provide IR services to
the Company going forward and no additional consideration will be
payable to Leit Media during the extended term. Services to be
provided by Leit Media include preparing articles and coverage on a
variety of financial platforms and newsletters, and, at the
election of the Company, the translation and distribution of news
releases in Germany. The agreement
does not contain performance-based criteria, and Clarkham Capital
did not receive securities of the Company as compensation and
neither will Leit Media. Sebastian
Korbach, who provide the investor relations services to the
Company under the original agreement, will continue to provide
investor relations services to the Company on behalf of Leit Media.
Leit Media is an international investor relations agency headed by
Erica Kisslinger Korbach, operating
in London, United Kingdom. Leit
Media and its principals are arm's length from the Company and
neither Leit Media nor its principal hold any securities of the
Company. The extension of the agreement and the assignment to Leit
Media remain subject to final TSXV approval.
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
*NEXE Innovations Inc. is not affiliated with, endorsed, or
sponsored by Keurig®. Keurig® is a registered trademark of Keurig
Dr Pepper Inc.
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 of the growth of the Company's presence in
the US market, potential benefits of the Nexe Pod including for
premium coffee brands, the Company's overall business strategy,
increases in production and revenue, and 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 but not limited to, the Company's ability to execute on
its business strategy and 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.
