NEXE Innovations Inc (CVE:NEXE) (OTCMKTS:NEXNF) (FRA:NX5) has announced the commercialization of its proprietary pod for single-serve use in Keurig coffee brewing systems with its XOMA Superfoods line, with a pilot launch of XOMA to begin with a micro-ground soluble coffee with Organic MCT (Medium-Chain Triglycerides), which will be available for sale on the Xoma.ca website on February 5.
The plant-based technology and materials specialist said the launch is intended to be the first in a series of product releases designed to meet demand from health and environmentally conscious consumers and that the XOMA Superfoods line is designed to “combine personal wellness and sustainability in a premium product for health and environmentally conscious consumers”.
READ: NEXE files 10 US patent applications to cover design and function of single-serve coffee pods
NEXE said its plant-based pod, which is fully compostable, is “the perfect delivery mechanism for future XOMA products” while also adhering to the company’s environmental, social, and corporate governance (ESG) goals.
“With this launch, NEXE aims to set the benchmark for advancing plant-based manufacturing technologies and sustainable consumer goods”, the company said.
"This is a pivotal milestone for us. With almost six years from concept to commercialization, this innovative product will be the first time the public will be able to touch, see, and enjoy the great taste that our pod is able to deliver. Consumers will now be able to savor their coffee without the waste associated with typical single-serve beverages. Our XOMA offering, including the packaging, will be environmentally-friendly. Initial demand is strong, and we will be expanding our offerings in the near term," NEXE co-founder and chief executive Darren Footz said in a statement.
"We are proud to say that in addition to the $14.2 million that the company raised in its December 2020 financing, NEXE has received more than $3 million from warrant exercises to date. The company remains fully funded to fulfill its capital requirements. Funds raised to date will be used to scale our direct-to-consumer XOMA Superfoods brand, as well as continue to bring additional revenue-generating initiatives on-line," added company president Ash Guglani.
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