Mr. Ash Guglani reports

NEXE INNOVATIONS ANNOUNCES COLLABORATION WITH NEIGHBORHOOD COFFEE COMPANY AND COMPLETES SECOND DELIVERY TO AWAKEN BRANDS

Nexe Innovations Inc. is currently fulfilling a purchase order from Neighborhood Coffee Company and has made a second delivery of its Biodegradable Products Institute (BPI) certified compostable, single-serve coffee pods to Awaken Brands Ventures Ltd. for its ecobeans product line.

Nexe's Windsor facility is ramping up the production of its BPI certified compostable pods. By collaborating with premium artisanal roasters like Neighbourhood Coffee Company and securing orders from forward-thinking companies like Awaken Brands Ventures Ltd, Nexe believes it is building a solid base of recurring revenues. Nexe continues to advance discussions with other coffee roasters to drive private label opportunities.

"We believe the positive reception is undeniable, paving the way for a stronger base of recurring revenues. No longer do consumers need to choose between convenience and the environment while enjoying a superior coffee experience," stated Ash Guglani, president of Nexe Innovations.

Neighbourhood Coffee Company is a women-led, premium artisanal roaster located in Toronto with the mission to support and celebrate the diverse local Toronto community.

"Neighbourhood Coffee Roasters is more than just a roaster; it's a love letter to Toronto's vibrant diversity and its mosaic of over 100 distinct neighbourhoods," stated Karen Hales, chief executive officer of Neighbourhood Coffee. "With sustainability top of mind, Neighbourhood Coffee is charting a green path forward. Our collaboration with Nexe Innovations strengthens our commitment to sustainability and the Toronto community. Introducing our 100-per-cent compostable (Keurig compatible) single-serve coffee pods is a proud milestone, marrying innovation with the essence of our city in every cup".

Nexe's competitive edge

Nexe's BPI-certified compostable, single-serve beverage pods target the market of 80-plus billion single-serve plastic and aluminum pods. Nexe's single-serve pod features innovative technology protected by patents, which Nexe believes allows more volume per pod than our competitors while delivering what the company believes is an unrivalled pour-over coffee experience. The BPI certification is a third party verification of ASTM standards for compostable products and is intended to protect consumers against false claims and greenwashing. The BPI certification also requires products to be PFAS-free. Nexe believes that these unique advantages will likely position Nexe as a preferred choice for premium coffee brands seeking a sustainable solution.

About Nexe Innovations Inc.

Nexe Innovations is a leader in innovative compostable materials technology based in Ontario, Canada. The first product developed by Nexe Innovations is one of the only patented, fully-compostable, single-serve coffee pods for use in existing major single-serve coffee machines.

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