The Company is collaborating with contract manufacturers to meet anticipated demand and has appointed two Senior Advisors with expertise in nanomaterials to expand its advanced materials portfolio. It is developing NEXBOARD, a fire-resistant construction panel composed of recycled plastic, cellulose, and environmentally friendly fire-retardant chemicals. The Company is pursuing certification for NEXBOARD and has filed trademark applications for "NEXBOARD" and "DUREVER™." Additionally, it has submitted provisional and non-provisional patent applications for a multilayered fire-resistant polymer composite. The Company plans to establish manufacturing facilities in the U.S. or license the technology, is working with companies for near-term contract manufacturing, has identified potential sites for pilot and larger plants, received bids for specialized equipment, and appointed a managing director to oversee production and operations. Discussions with an investment bank regarding financing through green bonds are ongoing, with no agreement finalized.
Xeriant Inc's Comment on Supply Chain
The Company is collaborating with contract manufacturers to meet anticipated demand and has appointed two Senior Advisors with expertise in nanomaterials to expand its advanced materials portfolio. It is developing NEXBOARD, a fire-resistant construction panel composed of recycled plastic, cellulose, and environmentally friendly fire-retardant chemicals. The Company is pursuing certification for NEXBOARD and has filed trademark applications for "NEXBOARD" and "DUREVER™." Additionally, it has submitted provisional and non-provisional patent applications for a multilayered fire-resistant polymer composite. The Company plans to establish manufacturing facilities in the U.S. or license the technology, is working with companies for near-term contract manufacturing, has identified potential sites for pilot and larger plants, received bids for specialized equipment, and appointed a managing director to oversee production and operations. Discussions with an investment bank regarding financing through green bonds are ongoing, with no agreement finalized.
Sources:
Xeriant Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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