This customized Nespresso Coffee Line is the last piece required for the company to commission and launch its fully compostable Nespresso-compatible pod in early Q3 2021. The automation demonstrates that NEXE's proprietary materials can be assembled at production speed proving scalability. Moving forward, this will form the basis for NEXE to order an additional scaled machine which will increase production capacity to an anticipated 50 Million of NEXE Nespresso-Compatible pods by the end of 2021.

Ash Guglani, President, stated, "Receiving this Nespresso Coffee Line will provide an additional revenue stream outside of our current XOMA product offering and helps us significantly increase our production abilities in a phased approach. Furthermore, it shows that NEXE, based on its five years of R&D has the ability to transfer its IP across multiple single serve formats, increasing ourpotential product offering. We continue to strengthen our IP portfolio with patent filings related to this product. We remain steadfast in our pursuit to provide consumers with fully compostable alternatives in the 50 billion single serve coffee capsule market."