The order replenishes existing SKUs, and NEXE is working on new blends for EKOCUPS to enhance its product offerings
WINDSOR, Ontario, March 13, 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 the completion of its fifth delivery to EKOCUPS. NEXE is also working with EKOCUPS to develop new blends and product offerings. EKOCUPS (https://ekocups.com/) is a well-established company based in the U.S. that sells its coffee products online, and it is a high-volume seller through Amazon.
We believe this repeat order reinforces the durability and recurring nature of our revenues as we continue to strengthen our relationships with partners. In our view, increasing order volumes and frequency of orders reflect the market's continued transition towards sustainable coffee solutions. We see our BPI-certified compostable coffee pod as a competitive, eco-friendly alternative that meets consumer expectations for convenience and sustainability. We believe what sets the NEXE BPI-certified compostable coffee pod apart from other eco-friendly and plastic pods is the advanced extraction technology that provides a superior coffee experience.
“We are excited to see sustained demand for the NEXE BPI-certified compostable coffee pods and to continue supporting our partners like EKOCUPS,” said Ash Guglani, President of NEXE. “Additionally, we are actively working with EKOCUPS on expanding product offerings with new blends to provide even more choices for environmentally conscious coffee drinkers.”
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
*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 development of new blends and offerings, continuing recurring revenue growth, continuing growth with partners, market transition to sustainable products, potential benefits of the Nexe Pod, 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.
