Now we find out the mystery company that XERI was using for their R&D. Why was this creation of this new subsidiary not PRed by Duffy.
Research & Development Expenses are accounted for through BlueGreen Composites, LLC, which was formed on August 7, 2023. All research and development expenses were related to the production and distribution of sample NEXBOARDs for presentation to potential customers.
Xeriant Forms BlueGreen Composites to Make Sustainable Nexboard Building Panel
Company names Tom Fitzgerald Jr. vice president of composites manufacturing Xeriant Inc. announced on Aug. 8 that Tom Fitzgerald Jr. has joined the company’s new subsidiary, BlueGreen Composites, as vice president of composites manufacturing.