NEXE announces plant expansion and increase of operational footprint

VANCOUVER — NEXE Innovations Inc. announces the expansion of its research, development and manufacturing facility in Surrey, BC. The Company will be doubling its footprint from its existing approximate 10,000 sq. ft. to approximately 20,000 sq. ft. The expansion will include increased space for laboratories, factory floor and offices.

“Our company is poised for immediate growth in production capacity, research activity, and personnel,” said CEO of NEXE Darren Footz. “This expansion will accelerate our product development pipeline and allow us to rapidly increase our capacity for high-speed manufacturing. By adding the space adjacent to our current facility, we will be able to efficiently integrate the various aspects of our business and continue our progress across the board.”

The new space consists of more than 8000 sq. ft. production floor and roughly 2,000 sq. ft. of office space to be used as an innovation center for current and new product development. This plant expansion will house key equipment for manufacturing of the Company’s compostable beverage pods in both K-Cup and Nespresso formats. NEXE will also use the space for order fulfillment as part of the launch of XOMA Superfoods.

“Our research and development center will be fully integrated as part of this facility,” said Chief Scientific Officer Zachary Hudson. “Our product engineering team will be able to rapidly prototype new product designs in the labs by additive manufacturing, and immediately deploy those innovations on the production floor.”

NEXE will take possession of the additional manufacturing space on February 1st 2021, with planned expansion into additional offices on March 1st 2021.