Nexe Innovations Inc./Media Release
NEXE enters final stages of commissioning its Windsor Facility for commercial operations
VANCOUVER, BC, March 14, 2023 /CNW/ – NEXE Innovations Inc. (“NEXE” or the “Company”) (TSXV: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to provide a corporate update on its Windsor Facility. NEXE commissioned key equipment at its Windsor Facility for producing food-grade components for its proprietary single-serve beverage pods. The end-to-end manufacturing facility is a key part of NEXE’s operating strategy and is equipped for compounding resin, injection molding key components of NEXE’s proprietary single-use fully compostable pod, and dosing and sealing the pods for commercialization. NEXE will also provide roasting and grinding capabilities in order to provide a fully integrated coffee solution to potential clients.
Since the start of 2023, NEXE has completed several key steps in the commissioning process and NEXE’s operations team is currently working with various vendors and contractors to ensure end-to-end system processes and equipment as a whole are operating as per the specifications and parameters set by NEXE. This performance verification stage includes training and a trial period before a final handoff occurs.
“A key milestone has been achieved by NEXE. We have fully onshored the manufacturing of key components of our compostable single-use pod,” stated Ash Guglani, President, NEXE Innovations, “Not only is the Company able to provide a North American-made solution to help eliminate plastic waste, but the manufacturing infrastructure will also allow NEXE to scale much faster and introduce other fully compostable packaging solutions when ready”.
Update on Windsor Facility
Several key parts of the commissioning process that have been completed to date include:
- The Company has received the occupancy permit from the City of Windsor; meaning it has been constructed in full compliance with all the provisions of the Building Code Act. This important step required by the City of Windsor allows NEXE to start business practices and production.
- Key equipment required for production has been installed and has passed the Site Acceptance Tests (SATs) conducted by vendors and NEXE.
- The Company is in the process of building its operations team and has various key production employees in place. Key members of the team that were previously based in Vancouver have moved to Windsor, including the CEO, Darren Footz. The Company has several job openings and will continue to hire additional employees as production ramps up.
- The Company has successfully conducted several production test runs to test and validate certain components required to manufacture the single-use fully compostable coffee pod.
NEXE is currently in active discussions with potential customers. A key part of NEXE’s strategy is to target private label and co-manufacturing segments of the market in order to reliably fill NEXE’s production capacity as it comes online.
*NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Keurig®. Keurig® is a registered trademark of Keurig Dr Pepper Inc.
**NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Nespresso®. Nespresso® is a registered trademark of Société des Produits Nestlé S.A
About NEXE Innovations Inc.
NEXE Innovations Inc. is a leader in innovative compostable materials technology based in British Columbia, Canada. The first product developed by NEXE Innovations is one of the only patented, fully-compostable, single-serve coffee pods for use in existing major single-serve coffee machines.
For more information about NEXE Innovations’ compostable materials and how it is well-positioned to meet the growing demand for environmentally friendly and sustainable products, visit www.nexeinnovations.com and follow us on social media @nexeinnovations.