High-strength, fire-resistant panel can be made with recycled cardboard and plastic
DENVER, Colo., June 8, 2022 (24/7 MARKET NEWS) — Xeriant, Inc. (OTCQB: XERI) (“Xeriant” or the “Company”), an aerospace company dedicated to Advanced Air Mobility and associated specialty chemicals and materials, announced today the successful development of a multi-purpose, high-strength fire- and water-resistant composite panel made from a formulation of Retacell® and a cardboard fiber-reinforced polymeric resin, which can be sourced from recycled materials. The panel is fabricated through a compression molding process and may be produced or cut in varying thicknesses and sizes, including standard 48” x 96” sheets. Depending on the application, the panel can have different colors, textures or decorative finishes. Potential interior and exterior construction applications include walls, ceilings, flooring, framing, siding, roofing, and decking. The Company is planning to license the technology to major manufacturers of building products.
“We have been impressed with the Retacell® panel’s performance and believe it can compete effectively with many of the building products on the market such as OSB, plywood, drywall, and engineered wood flooring, to name a few. The superior flexibility, resistance properties, insulating ability and mechanical strength of this product may also reduce the cost and complexity of SIP systems. Our team in Slovakia is currently testing the panel’s tensile and thermal properties for certification,”– Stated Keith Duffy, CEO of Xeriant.
According to Grand View Research, the global building materials market related to gypsum wallboards, plywood, OSB, flooring and siding was valued at USD 838.1 billion in 2021 and is forecasted to reach USD 1.092.4 billion by 2025. The green building materials market was valued at USD 256.5 billion in 2021 and is projected at USD 350.3 billion in 2025, based on a study by Allied Market Research.
Retacell® is a biodegradable and non-toxic high-performance thermal and fire protection chemical agent that is custom formulated to meet each application’s specifications and can be applied as a coating, treatment, or infused during manufacturing into a variety of materials, including recycled plastics and wood-based fiber. Retacell-infused materials are also water repellent.
Cardboard is among the most easily recycled paper products, and the vast majority is recycled. Plastics or polymers are more difficult and more expensive to recycle due to the intensive process involving sanitary requirements, sorting, melting and pelletizing, and its value proposition relative to new plastic. The most common plastic and easiest to recycle is polyethylene (PE), which is often used in beverage bottles and food packaging. Other plastics that are recycled include polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC) and polyamide (PA). The World Bank estimates that approximately 2.1 billion metric tons of municipal solid waste is generated globally each year, 17 percent of which is from paper and cardboard (357 million metric tons), and 12 percent from plastics (252 million metric tons). An analysis by research firm Statista indicates that about 66 percent of the global paper and cardboard waste are recycled (236 million metric tons/year), and about 21 percent of the plastic waste (53 million metric tons/year). The EPA reports the recycling rate in the U.S. is about 68 percent for paper and cardboard, and 9 percent for plastics.
About Xeriant, Inc.
Xeriant, Inc. (d.b.a. Xeriant Aerospace) is an aerospace company dedicated to the emerging aviation market called Advanced Air Mobility (AAM), the transition to eco-friendly on-demand flight, and is partnering with and acquiring strategic interests in visionary companies that accelerate this mission. Xeriant is focused on the development and deployment of next-generation electrically powered aircraft capable of vertical takeoff and landing (VTOL), breakthrough technologies and advanced materials which can be successfully integrated and commercialized, and the critical infrastructure components needed to support operations. 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 that 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.
Investor Relations Dept.:
Connect with 24/7 Market News on social media:
About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community.
IMPORTANT PUBLISHER NOTICE AND DISCLOSURE: The featured company (the “Company”) profile in our featured magazine is paid advertising and does not purport to provide an analysis of the Company’s financial position, operations, or prospects. PUBLISHER or its affiliates have received shares as compensation, and will sell their shares anytime of their choosing, often to cover expenses related to the marketing of the magazine to interested readers. The 24/7 Market News editor and 24/7 Market News Inc. has been contracted by the Company’s IR rep KMK, for purchasing digital media for this publication. The editor also owns three million shares of stock which will be sold over the coming months as market conditions and news allow. Company expenses related to media purchases (up to twenty-five thousand dollars per month) will be spent on an ongoing basis, this payment and trading in the stock should be viewed as biased and a conflict of interest. PUBLISHER bases its profiles on the Company’s business plans, projections and public corporate information and there is no guarantee the Company will reach its projections. Companies traded on the Over-the-Counter Market are considered extremely high-risk investments and you should not invest in any Over-the-Counter company UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT. PUBLISHER makes no warranties as to the accuracy of any of the content contained herein and accepts no liability for how readers may choose to utilize the content. Readers should perform their own due diligence, including reviewing the Company’s filings at www.sec.gov and consult with a licensed, qualified investment professional or analyst. The information contained herein contains forward-looking information within the meaning of Section 27a of the Securities act of 1993, as amended, and Section 21e of the Securities Exchange act of 1934, as amended, including statements regarding expected growth of the featured company. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act, PUBLISHER notes that statements contained herein that look forward in time, which include everything other than historical information; involve risks and uncertainties that may affect the Company’s actual results of operations. Factors that would cause actual results to differ include the size and growth of the market, the Company’s ability to fund its capital requirements in the near term and long term; pricing pressures, and market conditions. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals assumptions or future events or performance are forward-looking. The words or phrases “would be,” “will allow,” “intends to,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “anticipate”, or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made, are based on certain assumptions and expectations which may or may not be valid or actually occur, and which involve various risks and uncertainties. This report was written in reliance upon Information provided by the featured company. Although the PUBLISHER believes the information to be reliable, there is no guarantee of accuracy or completeness. The PUBLISHER has selected the information contained in the newsletter to present the Company in a favorable light. While the PUBLISHER has featured many winners over the years it has also featured companies that have lost value. This is a high risk high reward market. Accordingly, the PUBLISHER does not represent that this newsletter contains all of the material information required for an informed investment decision or that material facts have not been omitted. At any time if you are interested in an investment in one of the featured companies, the PUBLISHER recommends that you make independent verification of the information by contacting the Company. The PUBLISHER is engaged in the business of publishing Magazines about various small, developing companies seeking market recognition, usually as a step in obtaining needed financing. The PUBLISHER has criteria for selecting the companies for which it provides its services. However, the PUBLISHER does not perform an independent investigation to verify facts, as we are not a private investigation firm; we rely on the public statements made by the featured companies. While the PUBLISHER is looking for companies that have reliable public information, it is not a guarantee that it will be able to avoid scams or frauds. It relies on the companies’ officers, directors and counsel to be honest. Accordingly, the publication of a Magazine is not intended to imply that the PUBLISHER has selected any company for which it publishes a newsletter as having superior qualifications, better prospects, stronger management, greater financial strength, or other basis for being selected, rather the selected company exhibits qualities that the PUBLISHER believes are compelling.
For further information on 24/7 Market News, please go to www.247marketnews.com
Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
24/7 Market News