BOCA RATON, Fla., Aug. 01, 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 that it has filed patent and trademark applications with the U.S. Patent and Trademark Office in connection with its advanced green building materials. The patent relates to the novel composition, architecture, and manufacturing process of NEXBOARD™, a fiber-reinforced polymer composite building material made primarily from recycled waste, used to replace drywall, plywood, OSB and other types of construction panels. The trademark filing is for the “DUREVER” mark, which can be used in potential branding initiatives for future high-performance building materials and fire-retardant products developed by Xeriant. Last year, the Company trademarked the name NEXBOARD related to its composite wallboard.
“Our patent and trademark filings are an important step as we implement our commercialization strategy for Xeriant’s building materials, and further underscore our parallel commitments to technology development and effective branding. As industry awareness of NEXBOARD increases, we need to ensure adequate protection is in place for both the product itself and the proprietary manufacturing process,” commented Keith Duffy, CEO of Xeriant. He added, “Our latest trademarked name DUREVER™ conveys strength, durability and sustainability, all of which are characteristic of our green fire-resistant composite building materials.”
Since Xeriant’s last update, the Company has been processing materials for its next production run. Next week, Xeriant will be producing NEXBOARD panels that incorporate composite mix adjustments to achieve a more homogeneous fiber distribution, which will reduce weight and enhance mechanical performance. The sample boards will be sent to several leading homebuilders the Company has been working with for third-party testing.
About Xeriant, Inc.
Xeriant, Inc. is a company dedicated to the discovery, development and commercialization of emerging aerospace technologies, including next generation air and spacecraft, and advanced eco-friendly materials which can be successfully integrated and commercialized for deployment across multiple industry sectors. We seek to partner with and acquire strategic interests in visionary companies that accelerate this mission. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport.
For more information, please go to www.xeriant.com
SAFE HARBOR FORWARD-LOOKING STATEMENTS
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Xeriant, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to attract investors.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make, and investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
This press release does not constitute an offer of any securities for sale.
Xeriant, Inc.
Investor Relations Dept.
(561) 491-9595
IR@xeriant.com
www.xeriant.com
