Xeriant Inc (XERI)

[NoScaredMoneyHere]

So this is the response I received from Investors Relations. Wanted to post it as a photo but Ihub is well..Ihub. The Company constantly provides the most updated patent information available in every quarterly/annual filing.
The most recent filing, , which can be found at https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001481504&type=&dateb=&owner=exclude&count=40&search_text=, stated “On March 31, 2023, the Company filed a provisional patent application titled “Multilayered Fire-Resistant Polymer Composite and Method for Producing Same,” for a method of producing a unique fire-resistant thermoplastic and fiber composite material which may be formed or shaped into various construction products of different thicknesses and dimensions. This green material will be composed primarily of recycled plastic, cellulose and ecofriendly fire-retardant chemicals, including but not limited to use in walls, ceilings, flooring, framing, siding, roofing, molding, and decking, used in construction. On April 1, 2024, the Company filed a non-provisional U.S. patent application claiming priority to the filing date of the 2023 related provisional patent application described herein. Subject to available capital, the Company is planning to build manufacturing facilities in the United States for the production of NEXBOARD™ in order to meet market demand, or alternatively license the technology and process. The Company has identified companies for near-term contract manufacturing, has potential locations identified for a pilot plant and larger manufacturing facilities, received bids for specialized manufacturing equipment, developed timetables related to the action plan, and selected a managing director with decades of experience who would like to oversee the startup of production, expansion and operations.”
The patent application continues to work through the USPTO process.
The site explicitly includes words like “could”, “may”, “plans”, indicating that it’s in R&D and pre-commercialization phase, and will likely switch to the commercialization phase. Furthermore, the Company published several NEXBOARD R&D updates, including the most recent press release.

Best regards,

Ben Hansel