BOCA RATON, Fla., July 11, 2023 (GLOBE NEWSWIRE) -- Xeriant, Inc. (OTCQB: XERI) (“Xeriant” or “the Company”), a Company dedicated to the discovery, development, and commercialization of aerospace technologies and advanced materials, announces today the successful testing of a proprietary high-volume production process for its environmentally-friendly patent-pending NEXBOARDTM composite construction panel. Made primarily from plastic and cardboard waste, the revolutionary replacement for drywall and wood-based building products is 100% recyclable and resistant to fire, water, mold and insects. Xeriant’s industrial-scale manufacturing technique will allow NEXBOARD to be competitively priced while delivering the quality and uniformity required for successful integration into the construction industry. The combination of NEXBOARD’s specialized manufacturing process, composition, resistance properties, pricing and recently filed patent presents a significant barrier to entry for competitors.
“For the past several months, Xeriant’s materials division has been keenly focused on determining the most effective manufacturing system to fabricate our NEXBOARD composite construction panels. We developed an innovative process which provides high throughput levels and precision controls, utilizing the latest automation technology. The industry is desperate for a viable green alternative to gypsum board as part of a transition toward greater efficiency, safety and sustainability in building design. Drywall has essentially remained unchanged for over a century and is extremely vulnerable to moisture and mold. In addition, NEXBOARD can also be used instead of plywood or OSB for sheathing. Our homebuilder clients are anxious to receive and approve our production samples so we can execute pending contracts and begin our quest to disrupt the building materials industry,” said Keith Duffy, CEO of Xeriant.
NEXBOARD is a high-performance composite building panel made from post-industrial and post-consumer plastic and cardboard waste, and is positioned to replace products such as drywall, plywood, OSB, MDF and MgO board for new and retrofit construction. An eco-friendly product, NEXBOARD is anticipated to have a transformative impact on the construction industry for both residential and commercial development worldwide. The global market for green building materials is forecast to reach $610 Billion by 2028 according to a report by Global Market Insights.
“We are happy to report that we have successfully proven the process for making Xeriant’s NEXBOARD composite construction panels using a proprietary manufacturing methodology. The testing has demonstrated the required production speed, consistency and finish to meet Xeriant’s needs. However, we’re most excited about NEXBOARD’s ability to significantly impact the environment by reducing plastic waste in our landfills and oceans while making our structures safer and significantly cutting the amount of wood used in construction each year. Most people don’t realize this, but it takes about 125 trees to make a single 2,500 square foot home. As a specialized large-scale plastics manufacturer for over 35 years, we have a great deal of experience producing, distributing and servicing a wide variety of products that are integral to our clients’ success,” stated Tom Fitzgerald, Jr., Executive Vice President of TMF Corporation.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Warren Buffett
