Xeriant (OTCQB: XERI) provided an update on its efforts to scale production of NexBoard(R), its eco-friendly Universal Construction Panel(TM), through relationships with multiple contract manufacturers and potential strategic production and distribution partners. The company is working to transition from limited production runs for customer evaluation to consistent, cost-effective manufacturing at substantially higher volumes. Xeriant said it is pursuing partnerships with established domestic and international manufacturers to develop the production capacity needed to address what it describes as demand for hundreds of millions of square feet annually.
Xeriant CEO Keith Duffy said the company is navigating established production schedules and complex negotiations with prospective multinational partners while seeking to protect its intellectual property. NexBoard(R) is designed as an alternative to conventional construction materials, including drywall, plywood and oriented strand board, combining recycled plastic and fiber waste with proprietary Durazite(TM) fire-protection technology. The company continues working toward commercial-scale production, although no definitive manufacturing agreements, production volumes or commercialization timeline were disclosed.
To view the full press release, visit https://ibn.fm/Fw3cm
About Xeriant, Inc.
Xeriant, Inc. is dedicated to the discovery, development and commercialization of transformative technologies, including advanced materials, which can be successfully integrated and deployed across multiple industrial sectors. We seek to partner with and acquire strategic interests in visionary companies that accelerate this mission. Xeriant’s advanced materials line is marketed under the DUREVER(TM) brand, and includes NEXBOARD(TM), an eco-friendly, patent-pending composite construction panel made from plastic and fiber waste, designed to replace products such as drywall, plywood, OSB, MDF, MgO board and other materials used in construction.
NOTE TO INVESTORS: The latest news and updates relating to XERI are available in the company’s newsroom at https://ibn.fm/XERI
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