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Xeriant, Inc. reports developments tied to advanced materials, fire-resistant composite technology, and commercialization activity. Company updates center on the DUREVER™ advanced materials platform, NEXBOARD™ composite construction panels, and NexPatch™, a fire-resistant joint compound designed for NEXBOARD installations.
Recurring news themes include internal and third-party fire-performance testing, patent and trademark activity, manufacturer interest in fire-retardant formulations, and the Factor X Research Group’s role in identifying and developing technologies across construction, aerospace, security, and related industrial markets.
Xeriant (OTCQB: XERI) has engaged an experienced Senior Chemist to finalize the NEXBOARD™ formula for certification. The chemist, with over a decade of expertise in developing additives, polymers, and coatings, will focus on meeting fire safety standards like the NFPA 286 corner burn test. Xeriant successfully completed 75% of this test in June 2024 and has since made key modifications. NEXBOARD™, an eco-friendly construction panel made from plastic and fiber waste, is part of Xeriant's DUREVER™ brand and aims to replace traditional building materials.
The green construction materials market is projected to reach $1.2 trillion by 2032. Xeriant is preparing for significant expansion once NEXBOARD™ receives full certification, as demand for eco-friendly construction materials remains strong.
Xeriant has announced plans to scale up the manufacturing of its eco-friendly NEXBOARD construction panels after completing its final pilot production run. The company is taking significant steps toward financing and setting up dedicated production facilities by selecting specialized equipment and visiting potential manufacturing sites. Xeriant recently attended the NPE2024 Plastics Show in Orlando, focusing on recycling and sustainability. They held multiple meetings with manufacturers for the required machinery and discussed financing options with investment bankers, including tax-free 'green' bonds.
NEXBOARD targets the green construction materials market, projected to reach $1.2 trillion by 2032. These panels aim to provide durable, long-lasting alternatives to conventional building materials, addressing environmental concerns like resource consumption, waste production, and CO2 emissions. CEO Keith Duffy expressed optimism about meeting market demand through new, customized manufacturing plants.
Xeriant announced updates on its NEXBOARD eco-friendly construction panels, highlighting successful pilot production runs and ongoing certification efforts. The panels, developed using a U.S. contract manufacturer, have undergone extensive internal and third-party testing, leading to significant improvements in weight and rigidity.
The company is preparing for its third production run, monitored by an accredited testing agency, aiming to pass the stringent NFPA 286 fire safety test. Recent trials have provided valuable data to refine panel composition, and Xeriant is confident in meeting U.S. building standards.
With a federal goal of creating two million affordable homes, NEXBOARD is poised to lead in the green construction materials market, projected to reach $1.2 trillion by 2032. Xeriant plans to scale production via large manufacturing centers across the U.S. upon certification.
Xeriant, Inc. (OTCQB: XERI) announced its participation in NPE 2024: The Plastics Show, held from May 6 to May 10, 2024, at the Orange County Convention Center in Orlando, Florida. This event is the largest plastics trade show in the Americas.
Xeriant's attendance highlights its commitment to innovation and sustainability, particularly in the development of its eco-friendly NEXBOARD(TM) composite building panel. Made from recycled plastic and cardboard waste, NEXBOARD(TM) offers a sustainable alternative to traditional building materials. The company aimed to increase brand awareness and initiate discussions for potential collaborations and joint ventures.
Keith Duffy, CEO of Xeriant, emphasized that the event provided a valuable platform to showcase their technology and connect with industry leaders, suppliers, and potential clients, which could accelerate the company's business growth.
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