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Nexe Innovations Inc
Symbol NEXE
Shares Issued 97,293,297
Close 2024-12-17 C$ 0.40
Market Cap C$ 38,917,319
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Nexe makes second delivery to Ekocups

2024-12-17 17:26 ET - News Release

Mr. Ash Guglani reports

Nexe INNOVATIONS MAKES SECOND DELIVERY TO U.S.-BASED EKOCUPS

Nexe Innovations Inc. has made a second delivery (three different SKUs) to Ekocups, a high-volume on-line seller and Amazon retailer. In its view, the continued partnership with Ekocups validates its BPI-certified compostable pods and technology, and highlights the growing demand for sustainable coffee solutions.

Ekocups is a name in the coffee industry, offering premium coffee products. This partnership is a strategic entry into the U.S. market, and the company expects it to continue to grow over time.

What differentiates Nexe's BPI-certified compostable coffee pods?

The Nexe fully compostable, single-use beverage pod has several key competitive features protected by patents, including innovative technology that increases the filter area (U.S. patent No. 12,004,678 issued on June 11, 2024), allowing for more volume per pod and increased coffee extraction, which improve taste and richness. Internal tests show that the Nexe pods' total dissolved solids are up to 20 per cent greater than other leading coffee pod brands. The company believes that, given these key competitive features, it can deliver an unrivalled pour-over coffee experience that will help establish it as the go-to choice for premium coffee brands seeking a sustainable solution.

"We are thrilled to see our partnership with Ekocups continue to grow as they expand their product offerings with us. This order of additional SKUs is a testament to the strength of our relationship and the increasing demand for our compostable solutions in the U.S. market. It underscores our commitment to solidifying our footprint and delivering exceptional value to customers across Canada and the U.S.," said Ash Guglani, president of Nexe.

About Nexe Innovations Inc.

Nexe is focused on providing innovative compostable material solutions and packaging to the business-to-business segment to help businesses achieve their sustainability goals. Nexe has developed a proprietary and patented compostable material that can withstand heat, pressure and water. Its flagship product, the Nexe pod, a BPI-certified compostable coffee pod, showcases the 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.

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