Since last week’s announcement,
- Provided funding for deposit on proprietary, custom-made production equipment needed to launch manufacturing operations and meet expectations and timelines of major homebuilders
- Advanced payment for engineering and design services to enable the manufacturing of NEXBOARD panels in standard dimensions as a substitute for drywall or plywood
- Conducted internal testing and found NEXBOARD pilot production samples performed well with flame burn-through and spread, and determined composite mix adjustments to improve fastener pull-through resistance
- Refined processing of base materials to ensure NEXBOARD pilot production samples meet the required properties and mechanical performance set by major homebuilders
- Scheduled second pilot production run for the coming week with the aforementioned adjustments to the composite mix
- Apprised major homebuilders on recent accomplishments toward scaling up production of NEXBOARD, and received very positive responses
- Established relationships with suppliers of various high-strength, sustainable fiber-reinforcing materials which will be used to improve the tensile properties of NEXBOARD for use in support and framing applications in construction
“We are pleased with the steps we have taken to move NEXBOARD’s manufacturing forward,” stated
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In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995,
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make, and investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
This press release does not constitute an offer of any securities for sale.
Investor Relations Dept.
(561) 491-9595
IR@xeriant.com
Xeriant.com
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