We would like to express our heartfelt gratitude for your support and trust, which have been critical to Xeriant’s success, and wish you a blessed
Our focus for much of 2023 has been aimed at developing advanced composites for the construction industry and establishing relationships with some of the major end users of building materials. We recognized a massive opportunity in the emerging green building materials space and particularly with a more durable, eco-friendly alternative to gypsum board and wood sheathing products, which have essentially been unchanged for over a century. NEXBOARD™, a building panel made from recovered plastic and fiber and our proprietary fire retardant, is extremely durable, lighter in weight, and resistant to fire and water.
To be a viable substitute to traditional building materials, NEXBOARD™ has to be competitively priced, mass-produced with uniformity, and integrated into existing building systems — while meeting (and in many cases, significantly exceeding) testing and certification standards. Over the past several months, we have taken important steps to meet these challenges, including fine-tuning the composite mix, optimizing our fire retardant, securing a clean and consistent supply of base materials, designing proprietary manufacturing equipment, and filing a patent for our product’s novel composition and manufacturing technique.
Early September, we engaged a large third-party testing agency to perform industry standard certification testing on our NEXBOARD™. However, due to a backlog we were put into a queue. Thankfully, one of the large national builders that we are working with introduced us to another agency and the testing is now imminent.
In addition to advancing the commercialization process, during that timeframe, we simultaneously strengthened NEXBOARD’s footing. We not only made several improvements to NEXBOARD™, but we enhanced our fire retardant and developed another product, which will be announced soon.
Our entire team at
May you be blessed with joy, health, and happiness this
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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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