SIGNS LOI TO ACQUIRE INTEREST IN STRATEGIC ALLIANCE PARTNER
DENVER, Colo., December 30, 2020– Xeriant, Inc. (OTC PINK: XERI), a new aerospace technology holding company, announced today that it has signed a letter of intent to acquire a significant interest in Xeriant Europe s.r.o. (“XE”), its strategic alliance partner located in Prague, Czech Republic. The share exchange transaction will enable Xeriant to participate in XE’s business opportunities and technologies with the purpose of generating revenue within the next 180 days, along with long-term capital appreciation.
“Xeriant’s strategy of blending current income into our portfolio of technologies allows for a more balanced growth plan. Our main focus in this relationship was sourcing breakthrough products in the Czech Republic so that Xeriant can hold financial interests with high-income potential,” stated Xeriant CEO, Keith Duffy.
Xeriant has been involved with XE over the past year with the planned objective of jointly establishing relationships with Czech companies that are developing aerospace-related technologies. Most have products that are already commercially viable but require funding to scale up production. Others are in the final development stage and need additional capital for their completion, testing and certification. XE has obtained exclusive marketing and intellectual property rights for these technologies within the U.S., North America or even worldwide. XE also has extensive ties to academic institutions in the Czech Republic and throughout Europe.
A number of the novel XE technologies relate to eco-friendly advanced materials, such as nanofilm lubricants, fire retardants, specialized protective coatings, stealth metamaterials, adsorbents and high energy density batteries for electrification. XE has secured serious interest in these sustainable products from prospective customers across the globe within and beyond the aerospace industry, from the defense, automotive, maritime, construction, agriculture, manufacturing, mining and energy sectors.
“We have worked closely with Xeriant on identifying disruptive technologies which we believe will have significant commercial appeal in the United States. Our focus has been identifying well-established Czech companies that are ready to launch proven products. They often need access to funding to expand into new markets, especially the U.S.,” commented XE’s President, Henry Biza.
Approximately a year ago, the management of both companies met and agreed upon mutual cooperation and the strategy to eventually bring income opportunities into Xeriant, Inc. When the new Xeriant name was announced, the European company changed its company name to Xeriant Europe. The company currently holds a number of exclusive licensing agreements and joint venture relationships. Xeriant Europe owns the XERI brand of environmentally safe lubricant products.
The Czech Republic has a long history as an innovation hub in Central Europe, especially for the aviation industry, dating back to the early 1900’s. Since joining the European Space Agency (ESA) in 2008, the Czech Republic also become increasingly involved with space activities. The National Space Plan for 2020-2025 represents the Czech Republic’s strategy to further develop space related technologies in industry and academia and to play a more active and visible role within the international community in space and related areas. The European Union Agency for the Space Program (EUSPA) will be based in the Czech capital city of Prague effective January 2021.
Xeriant, Inc. (d.b.a. Xeriant Aerospace) is a holding and operating company focused on acquiring, developing, and commercializing revolutionary, eco-friendly technologies with applications in aerospace, including innovative aircraft concepts targeting emerging opportunities within the aviation industry. In 2019, Xeriant acquired a unique, scalable, multi-purpose VTOL aerial platform called Halo, which is protected under a broad utility patent. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport. The Company is an OTC Markets public company trading under the stock symbol, XERI.
For further information, please visit www.xeriant.com.
ABOUT XERIANT EUROPE
Xeriant Europe s.r.o., headquartered in Prague, Czech Republic, was founded with the purpose of uncovering leading-edge green technologies with applications in aerospace, primarily from the Czech Republic, and promoting them on the world market, especially in the U.S. The company’s focus is on unique products that are either already being sold or are close to commercialization.
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 of 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.
XERIANT, INC. CORPORATE
Keith Duffy, CEO
Innovation Centre #1
3998 FAU Blvd., Suite 309
Boca Raton, FL 33431
SOURCE: Xeriant, Inc.
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.
24/7 Market News (24/7MN) is a third party publisher and news dissemination service provider that produces regular sponsored and non-sponsored reports, articles, stock market blogs, and newsletters covering equities listed on the NYSE, NASDAQ and micro-cap exchanges. 24/7MN holds no investment licenses and is NOT a financial advisory firm, investment adviser, analyst, or broker-dealer and does not undertake any activities that would require such registration. 24/7MN’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.
Materials in this release are informational and should never be considered research. You must do your own due diligence by reading all available public information. This release is a corporate public statement, and believed to be reliable. The principle editor of 24/7 has been contracted for six months of coverage beginning November 18, 2020, and will receive restricted warrants for the publication and dissemination of corporate information. The Principle editor also owns shares purchased and will sell them at any time of his choosing without notice, which is viewed as a conflict of interest. 24/7 makes no representations and warranties to the completeness of materials provided and are subject to change without notice. 24/7 is not responsible for any gains or losses which result from our opinions or coverage expressed in our emails or our site and readers are cautioned that investing has risks and you may lose all or a portion of your money.
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