Company invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com
TORONTO and NEW YORK, Feb. 4, 2025 /PRNewswire/ - NEXE Innovations Inc. ("NEXE" or the "Company") (TSXV: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, today announced that 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.
Nexe Innovations Inc. Logo (CNW Group/Nexe Innovations Inc.)
This will be a live, interactive online event where investors are invited to ask the Company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
Targeting the multi-billion dollar single-use plastics industry through its:
Vertically integrated facility and economies of scale: NEXE utilizes a vertically integrated manufacturing process, including compounding its proprietary resin, extrusion, and injection molding. We believe this end-to-end manufacturing process increases supply chain efficiency, reduces its carbon footprint, and safeguards its intellectual property.
Comprehensive IP Portfolio: We developed a pod structure for the compostable coffee pod designed to accommodate higher volumes and still provide a high-quality brewing experience. NEXE accomplished this feat through its 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 increased coffee extraction, which in our view improves taste and richness. The Company believes that, given these key competitive features, it is well-positioned to offer a compelling "pour-over" coffee experience that appeals to premium coffee brands seeking a sustainable solution. For more details on our IP: NEXE Expands IP Portfolio to Drive Sustainability and Growth Across Different Markets
Proprietary Resin: The development of our coffee pod was not without challenges. K-Cup* compatible coffee pods face unique obstacles during the brewing process, including exposure to heat, high pressure, and water flow. Achieving a consistent and satisfying coffee extraction in a K-Cup* compatible machine requires precise engineering to balance these variables. Addressing these complexities demanded significant R&D efforts to create a capsule capable of meeting these rigorous demands while ensuring a premium coffee experience. However, addressing these challenges led to an incredible breakthrough for us in our proprietary resin. We believe this material now forms the foundation of our competitive edge and has positioned NEXE as an innovator that can target low-hanging fruit with higher margins across various industries.
Cost Competitive: Compostability often entails higher costs, but at NEXE Innovations, our solution is designed to be environmentally friendly and competitively priced compared to plastics and other alternative material solutions.
Recent Company Highlights
Announced three different partnerships:
ecoBeans: This West Coast brand is available in retail locations and distributed in the office coffee services (OCS) space.
Bridgehead Coffee: An established premium coffee company in Ontario with over 40 years of history, Bridgehead transitioned from another compostable pod to our NEXE pod. Bridgehead works with well-known retail and grocery chains, including Costco, Whole Foods, Sobey's, and Farm Boy.
EKOCUPS: A high-volume online seller and Amazon retailer. This partnership will allow us to expand in the U.S. and build a strong foothold in the largest single-serve market. ~40 million U.S. households own a K-Cup* compatible single-serve brewing system.
Future Products:
NEXE is working with two customers to test compostable pods for Nespresso** OriginalLine. We expect to launch these pods later in 2025.
NEXE continues to invest in R&D and is working on additional sustainable products targeting various industries. Our proprietary resin may be an ideal fit in these industries, and the total addressable market for these industries is larger than that of the coffee pod market.
Financial Position:
NEXE has a strong cash position to execute its strategy, work with large-scale coffee companies, and start building on opportunities outside the coffee space. At the end of fiscal Q2 2025, our total cash position was $14.5 million.
NEXE has minimal debt. The current debt outstanding is $0.5 million, related to an interest-free government loan. NEXE's commitments at the end of the quarter were $1.3 million, with minimal capex expected over the next two years.
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
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
CONTACTS:
NEXE Innovations 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
Virtual Investor Conferences John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com
*NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Keurig®. Keurig® is a registered trademark of Keurig Dr Pepper Inc.
**NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Nespresso®. Nespresso® is a registered trademark of Société des Produits Nestlé S.A.
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.
Certain statements in this release are forward-looking statements or information, which include, but are not limited to, statements in respect of the potential benefits of the Nexe Pod including for premium coffee brands, potential launch of new coffee pods, continued investment in R&D, potential applications of proprietary resin to other industries and benefits of proprietary resin to Nexe's business overall, 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, the adoption of Nexe's proprietary resin in other industries, 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.
