NEXE Expands IP Portfolio to Drive Sustainability and Growth Across Different Markets

Rhea-AI Summary

NEXE Innovations (TSXV: NEXE, OTC: NEXNF) has expanded its intellectual property portfolio with five new patents in Canada and the US, strengthening its position in sustainable manufacturing. The company's proprietary technology focuses on producing compostable containers and thin-walled multi-layer articles that meet international standards.

Key achievements include developing compostable containers for high-altitude markets and innovative aftermarket brew baskets for single-serve beverage machines. The new patents cover innovations such as enhanced coffee filter designs, dual-chamber capsules for alcohol-coffee combinations, ultrasonic welding methods for biobased polymers, and improved pod designs for better brewing efficiency.

The company's technology enables cost-effective production of food-grade containers with customizable packaging solutions, demonstrating NEXE's commitment to combining innovation with environmental responsibility.

WINDSOR, ON, Dec. 4, 2024 /PRNewswire/ - NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSXV: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a fully compostable and innovative materials company, is revolutionizing the landscape of everyday consumer products and single-use items. 

NEXE has developed proprietary manufacturing technology aimed at producing compostable containers, thinned-walled multi-layer articles, and high-strength connections between compostable materials while meeting international standards.

NEXE's manufacturing technology is intended to enable the production of cost-effective, fully compostable food-grade containers and other form factors tailored to meet diverse packaging customization needs.

Examples of recent achievements include:

• NEXE has designed compostable containers specifically engineered for low-pressure environments, ideal for high-altitude markets.
  
  
• NEXE has introduced innovative aftermarket brew baskets compatible with existing single-serve beverage machines, enabling the use of multi-chamber capsules. For example, NEXE's high-capacity pods are designed to facilitate the convenient brewing of cocktails, such as Irish Cream Liqueur and coffee.

NEXE's intellectual property (IP) portfolio includes five recent patents in Canada and the US. 

Highlights of the NEXE IP portfolio include: 

• U.S. Pat. No. 12,004,678 issued on June 11, 2024, and directed to utilize an innovative filter for a coffee capsule that helps extract higher Total Dissolved Solids (TDS).
  
  
• U.S. Pat. No. 12,077,370 issued on September 3, 2024, and directed to coffee capsules that incorporate an inner chamber for alcohol that mixes with brewed coffee in single-serve beverage machines. 
  
  
• U.S. Pat. No. 12,060,184 issued on August 13, 2024, and directed to methods for manufacturing compostable pods that incorporate ultrasonic welding for biobased polymers.
  
  
• U.S. Pat. No. 12,116,201, issued on October 15, 2024, pertains to beverage pods that hold coffee grounds and dry ingredients. These pods incorporate breakaway features that enhance brewing efficiency while eliminating the need to agglomerate food powders, such as hot chocolate, which can negatively impact shelf life and taste.
  
  
• CA3125915C directed to coffee pods with an internal registration plate designed to receive brewing pins of single-serve coffee machines, enabling the inclusion of more coffee grounds per pod. 
  
  
• Allowed U.S. App. No. 17/570,182 is directed to methods for manufacturing compostable coffee pods using deformable protrusions for locking down lidding material.  These lockdown features provide robust connections between different materials. 

"In our view, NEXE is at the forefront of sustainable manufacturing, combining innovation and environmental responsibility to redefine everyday consumer products. Our proprietary technologies and diverse IP portfolio enable us to deliver fully compostable solutions that meet international standards while pushing the boundaries of what's possible in single-use products," stated Ash Guglani, President and Director of NEXE Innovations.

The continued expansion of the NEXE IP portfolio is a testament to NEXE's commitment to growth and innovation. NEXE plans to continue investing in research and development, a key part of its ongoing business strategy.

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

For media relations contact: media@nexeinnovations.com

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 potential benefits of the Nexe Pod and Nexe's after-market brew baskets, the Company's outstanding patent applications, that Nexe's strategy related to research and development and the growth of its IP portfolio will lead to the Company's growth, and the Company's overall business strategy. 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 ability of the NEXE Pod and after market brew basket benefits being realizable, 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.

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SOURCE Nexe Innovations Inc.

FAQ

What new patents has NEXE Innovations (NEXNF) received in 2024?

NEXE received five patents, including US patents for innovative coffee filters (June 2024), alcohol-coffee capsules (September 2024), ultrasonic welding methods (August 2024), enhanced brewing pods (October 2024), and a Canadian patent for coffee pods with internal registration plates.

What are the main innovations in NEXE's (NEXNF) compostable container technology?

NEXE's innovations include compostable containers for high-altitude markets, multi-chamber capsules for beverage machines, and advanced manufacturing methods using ultrasonic welding for biobased polymers.

How does NEXE's (NEXNF) dual-chamber capsule technology work?

NEXE's dual-chamber capsules incorporate an inner chamber for alcohol that mixes with brewed coffee in single-serve beverage machines, enabling convenient brewing of cocktails like Irish Cream Liqueur and coffee.

What markets is NEXE (NEXNF) targeting with its compostable containers?

NEXE is targeting diverse markets including high-altitude environments with specially engineered containers, and the single-serve beverage market with innovative aftermarket brew baskets and multi-chamber capsules.