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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, Inc. (OTC PINK: XERI) announced on April 22, 2021, that it has entered the Product Testing Phase for its fire protection technology, Retacell, developed in collaboration with Movychem. This technology is being evaluated for certification and is currently being tested by leading manufacturers. Xeriant aims to enhance fire protection properties in building materials, leveraging eco-friendly solutions. The global flame retardant market is projected to grow at a CAGR of over 5% from 2021 to 2026, representing significant commercial opportunities for the company.
Xeriant, Inc. (OTC PINK: XERI) announced a joint venture with Movychem to enhance the development of eco-friendly fire retardant technology, Retacell, targeting aerospace applications.
This 50% stake in Movychem Holdings will enable Xeriant to distribute Retacell in the U.S. and explore additional markets. Retacell is biodegradable, non-toxic, and applicable across various materials, with potential uses in electric aircraft for enhanced safety and durability, aligning with Xeriant’s sustainability strategy.
Xeriant, Inc. has appointed Chester Rodeheaver to its Advisory Board, effective immediately. Rodeheaver, founder and CEO of Pont Capital, is a seasoned finance expert with an impressive educational background, including an MBA from the University of Chicago and a CFA designation. His experience in global high-tech businesses and financial structuring aims to strengthen Xeriant’s ability to pursue technology acquisitions. The advisory role is expected to enhance the company’s strategic network and capital-raising capabilities, aligning with Xeriant's mission to commercialize eco-friendly aerospace technologies.
Xeriant, Inc. (OTC PINK: XERI) has announced a strategic alliance with Mente Systems Inc. (DBA TheIncLab), a leader in AI technology. This collaboration involves a strategic investment to enhance operations and technology offerings. TheIncLab specializes in AI-enabled systems for various industries, including aerospace. Xeriant aims to accelerate the commercialization of advanced VTOL vehicles and leverage AI in evaluating technologies for acquisitions. The partnership is set to strengthen innovation in aerospace technology as AI usage continues to grow in this field.
Xeriant, Inc. (OTC PINK: XERI) announced plans to file a Regulation A Tier 2 offering to finance its development of advanced aerospace technologies, specifically targeting electrically-powered vertical takeoff and landing (eVTOL) aircraft and related advancements.
CEO Keith Duffy noted they are in the process of finalizing the offering's budget and due diligence on technological breakthroughs that promise transformative capabilities and lower environmental impacts. Further updates regarding the offering's size and pricing are expected shortly.
Xeriant, Inc. (OTC PINK: XERI), a leader in aerospace technology, reported promising advancements in its eco-friendly XERI-MC and XERI-L nano-lubricants. Collaborating with partners in Germany, Italy, and the Czech Republic, Xeriant has documented notable reductions in friction, enhancing fuel efficiency, power output, and reducing emissions. These innovations position Xeriant to capture a share of the substantial $77.9 billion automotive lubricants market. CEO Keith Duffy highlighted the potential of these lubricants to address the growing demand for sustainable solutions across various sectors.
Xeriant, Inc. (OTC PINK:XERI) has received an additional utility patent for its Halo aircraft technology from the U.S. Patent and Trademark Office, building on a patent issued in October 2019. These patents are retroactive to Halo's original 2007 application, providing competitive advantages against other UAV patents. The Halo is an eVTOL aircraft designed for various commercial applications, such as inspections and delivery. As UAVs grow in popularity, the new patent solidifies Xeriant's position in the aerospace market.
Xeriant, Inc. (OTC PINK:XERI) has announced its commitment to accelerate innovation in the aerospace industry by acquiring breakthrough technologies and building a diversified portfolio. The company is focusing on advanced air mobility (AAM) and the integration of sustainable aircraft systems. Key statistics forecast a $1.5 trillion market for electrically powered aircraft by 2040, with a demand for nearly 40,000 new aircraft. Xeriant aims to leverage partnerships and investments in the rapidly evolving aerospace landscape to address both consumer demands and environmental concerns.