VANCOUVER, BC, Canada – Nexe Innovations Inc. announces that the construction of its proof of concept Nespresso Coffee Automation Line is now complete. NEXE’s manufacturing partners began factory testing the machine with the company expecting to take delivery of the machine on time and on budget in Q1 2021. NEXE recently announced two milestone developments for its fully compostable Nespresso-compatible project including the Cdn$1 Million ISC grant victory supporting the commercialization of its NEXE Nespresso-Compatible Pods and successful composting results.
This customized Nespresso Coffee Line is the last piece required for the company to commission and launch its fully compostable Nespresso-compatible pod in early Q3 2021.
The automation demonstrates that NEXE‘s proprietary materials can be assembled at production speed proving scalability.
Moving forward, this will form the basis for NEXE to order an additional scaled machine which, will increase production capacity to an anticipated 50 Million of NEXE Nespresso-Compatible pods by the end of 2021.
Ash Guglani, President, stated, “Receiving this Nespresso Coffee Line will provide an additional revenue stream outside of our current XOMA product offering and helps us significantly increase our production abilities in a phased approach.
Furthermore, it shows that NEXE, based on its five years of R&D has the ability to transfer its IP across multiple single serve formats, increasing our potential product offering.
We continue to strengthen our IP portfolio with patent filings related to this product.
We remain steadfast in our pursuit to provide consumers with fully compostable alternatives in the 50 billion single serve coffee capsule market.”
