NEXE Developing Compostable Single-Use Facemasks : vimarsana

NEXE Innovations Inc. (TSXV: NEXE)
( NEXE or the Company ), a leader in innovative plant-based materials science and manufacturing technologies, has begun the development and prototyping of a compostable disposable facemask (the NEXE Mask ) in response to the ongoing COVID-19 pandemic. In developing the NEXE Mask, NEXE will leverage existing collaborations in polymer science, plant-based materials, and municipal composting that were utilized for its NEXE pod. To support this goal, NEXE has also initiated new collaborations with leaders in healthcare and personal protective equipment (PPE).
“NEXE Mask” plant-based mask concept (CNW Group/Nexe Innovations Inc.)
NEXE has developed initial prototypes and will focus on creating a fully functional compostable disposable facemask that meets international healthcare standards in the coming months. The space required for manufacturing can be easily accommodated in NEXE s newly expanded production facility, and several new hires in engineering roles are anticipated as part of the project. The Company aims to complete a functional prototype in 2021.  With funds raised under the December 2020 financing and received under warrant exercises, NEXE has sufficient funds to complete the development of the NEXE Mask.