NEXE Innovations Inc. announced its first delivery of its BPI certified compostable, single-serve coffee pods to Awaken Brands Ventures Ltd. The delivery marks a significant step in NEXE's drive to disrupt coffee consumption with a more sustainable option. Compostable pods account for a small piece of the 80+ billion total pods market, which is expected to grow by over 33% by 2028i. NEXE believes it is competitively positioned to capture market share of the large and growing global pod market.

NEXE's partnership with Awaken Brands is the Company's first foray into distributing its patented BPI compostable, single-serVE pods for the Keurig Brewing Systems. NEXE believes this partnership supports Awaken's sustainability ambitions while delivering superior quality coffee to workplaces, including offices, factories, and healthcare facilities. NEXE is now producing key components for its proprietary fully compostable beverage pod at its end-to-end manufacturing facility in Windsor, Ontario. The Windsor facility is capable of compounding resin, injection molding components, and dosing and sealing pods.

For the coffee segment, NEXE can provide a fully integrated solution, including roasting and grinding coffee. A complete in-house manufacturing facility is a key part of NEXE's strategy that NEXE expects will allow it to scale much faster and accelerate R&D to introduce other fully compostable solutions.