Key Highlights
- NEXE Nespresso-Compatible Pods achieve 100%
breakdown by composting within 10 weeks.
- These results meet key requirements for certification as
compostable in both North American and European markets.
- The NEXE Nespresso-Compatible Pod was engineered
to give among the highest extraction and volume of coffee against
other compatible competitors.
VANCOUVER, BC, Dec. 30, 2020 /CNW/ - NEXE Innovations Inc.
(TSXV: NEXE) ("NEXE" or the "Company"), a leader in plant-based
materials science and advanced manufacturing technologies, is
pleased to announce results from Pilot-scale composting and sieving
tests for measurement of disintegration performed on its NEXE
Nespresso-Compatible Pods by OWS Labs that conforms to
international standards.
"We are extremely pleased that our NEXE
Nespresso-Compatible Pods achieved 100% disintegration
within 10 weeks, which is a significant improvement over the
testing standard of 90% disintegration in less than 12 weeks. Our
NEXE Nespresso-Compatible Pods have set a high standard for
our competitors," commented Darren
Footz, Chief Executive Officer of NEXE.
These results meet critical international standards required for
certification as compostable materials, including American
standards ASTM D6400 and D6868, European standard EN 13432, and
International standard ISO 17088. The trials also found that NEXE
Nespresso Compatible Pods had no negative effects on the
quality of the resulting compost.
Zachary Hudson, Chief Scientific
Officer at NEXE, commented "These outstanding results demonstrate
that our Nespresso-Compatible Pods are ready for
certification in both North
America and Europe. Years
of R&D have led to a sustainable product that does not
compromise the taste profile the consumer demands, and that can be
composted completely after use."
NEXE's pods are among the only patented compostable single-serve
beverage pods designed to store more volume of product per capsule
than other leading brands. Over 40 billion non-compostable
single-serve beverage pods made from traditional plastic are
currently discarded annually to landfills around the world.
About NEXE Innovations Inc.
NEXE Innovations Inc. is a leader in plant-based compostable
technology and advanced materials manufacturing based in
British Columbia, Canada. The
company has developed one of the only patented, fully compostable,
plant-based, single-serve coffee pods for use in existing major
single-serve coffee machines. The proprietary NEXE pod is designed
to reduce the significant environmental impact caused by
single-serve pods (+40 billion plastic pods discarded every year).
With over $30M raised (equity and
government funding) to date and over five years of R&D, NEXE is
well-positioned to meet the growing demand for environmentally
friendly and sustainable products in the single-serve coffee sector
and beyond.
For additional information, please contact:
Kelsey Letham, Investor
Relations at 604-359-4731
or visit:
nexeinnovations.com
Social Media
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Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release are forward-looking
statements or information, which include the proposed use of
proceeds, commercialization of the NEXE PODs, including the NEXE
Nespresso Compatible Pod, and increase production capacity, create
other environmentally friendly compostable packaging opportunities,
development of technologies, the potential of the Company's
technology, future plans, regulatory approvals and other matters.
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, business, economic and capital market
conditions, the ability to manage operating expenses, consumer
demand for and sentiment towards the Company's products, security
threats, and dependence on key personnel. 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, failure to obtain regulatory
approval, the continued availability of capital and financing,
equipment failures, litigation, increase in operating costs, the
impact of Covid-19 or other viruses and diseases on the Company's
ability to operate, competition, failure of counterparties to
perform their contractual obligations, government regulations, loss
of key employees and consultants, and general economic, market or
business conditions. NEXE wishes to advise readers that it is
not affiliated with or endorsed by Nestlé Nespresso SA or the
Nestle brand and the NEXE Nespresso compatible pod is compatible
with Nespresso format coffee machines. Nespresso is a
registered trademark of Nestlé Nespresso SA. 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.
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.
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content:http://www.prnewswire.com/news-releases/nexe-achieves-a-key-composting-milestone-for-its-upcoming-nexe-nespresso-compatible-pods-301199319.html
SOURCE Nexe Innovations Inc.