Xeriant, Inc. announced that it has signed a Memorandum of Understanding (MOU) with an industry-leading innovator in recycling, compounding and pelletizing systems for converting waste materials into useful eco-friendly products. The agreement formalizes the existing relationship with Xeriant, which began several months ago, and establishes a framework leading to a definitive agreement for an eventual acquisition. Xeriant will significantly benefit in several strategic areas critical to the success of NEXBOARD and future DUREVER products.

Xeriant has limited its disclosure in this announcement because of the proprietary technology involved.