NEXE Innovations Secures Fourth Partnership, Expanding its Audience in Canada and the United States
A vertically integrated facility, from compounding NEXE’s proprietary resin to producing the finished product.
WINDSOR, Ontario, Feb. 27, 2025 (GLOBE NEWSWIRE) — NEXE Innovations Inc. (“NEXE”, the “Company”, “we” or “our”) (TSX.V: NEXE | Frankfurt: NX5 | OTC: NEXNF), a compostable and innovative materials company, is pleased to announce a fourth partnership with a North American distributor specializing in retail, office coffee services (OCS) and hospitality sectors.
We believe that this new partnership represents a significant milestone for NEXE, as this partner was among the first to capitalize on the multi-billion-dollar single-serve coffee market following the expiration of the K-Cup patent in 2013 in both Canada and the U.S. Now, they are strengthening their commitment to sustainability, by selecting NEXE’s BPI-certified compostable coffee pod to drive their next wave of eco-friendly innovation. Our new partner currently represents several recognized brands with over 50 product SKUs. The first order is for over 150,000 pods across six SKUs across three brands.
Momentum Continues: Fourth Major Deal in Four Months
This collaboration represents NEXE’s fourth major partnership in the last four months, which we believe demonstrates a growing demand for sustainable single-serve coffee solutions. The initial rollout of six SKUs across three brands, reflect in our view our partner’s confidence in our innovative technology and our partner’s commitment to delivering eco-friendly coffee options at scale. The pods are being delivered to three locations in Canada and the U.S.
“With decades of experience in the coffee industry and a diverse brand portfolio, our new partner brings invaluable expertise to this collaboration,” said Ash Guglani, President of NEXE Innovations. “We believe that partnering with an established leader in the single-serve coffee industry highlights the demand for our BPI-certified compostable coffee pod and reflects the growth trajectory of our business. This strategic relationship is expected to support our efforts to strengthen our position in the sustainable coffee market.”
NEXE and this partner will continue to refine product development and ramp up commercialization efforts in the coming months. Shareholders can expect further updates as we pursue this exciting new collaboration.
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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 of NEXE’s fourth partnership, growth opportunities associated with such partnership and the increasing market for NEXE’s BPI-certified compostable coffee pods. 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.
A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/37be1eb0-82b6-4d90-b25d-44ce280b68db
