BOCA RATON, Fla., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Xeriant, Inc. (OTCQB: XERI) ("Xeriant" or "the Company"), a Company dedicated to the discovery and development of advanced materials and technology, announces today that it has trademarked NEXBOARD™ as the commercial name for its green Retacell^®-based wall panels, which can be used to replace wallboard products made from gypsum and wood, such as drywall, plywood, OSB (oriented strand board) and MDF (medium-density fiberboard) for new and retrofit construction. Xeriant continues to work with several large firms – both domestic and international – which are testing the Retacell^® fire retardant technology in plastics, woods and textiles for various applications.

"Our goal is to deliver a next-generation building product that economically satisfies the highest level of quality and performance expectations, which is reflected in our branding strategy. NEXBOARD™ is a superior wallboard for the diverse global construction market, enhancing safety and sustainability, while requiring minimal changes to established installation methods. We have been encouraged by the strong interest in NEXBOARD™ from the homebuilding community, which is further confirmation that we hit the bullseye," stated Keith Duffy, CEO of Xeriant.

In addition to the Company's recently announced Letter of Intent from Next New Concept to use NEXBOARD™ in the construction of 35,000 homes, Xeriant is in discussions with several other large residential and commercial builders concerning its NEXBOARD™ wallboard products.

Dave Zajac, Managing Director of Xeriant's Advanced Chemicals and Materials Division, commented, "Our Retacell^®-based wall panels are at a commercialization point for our initial retail and licensing partners, requiring effective product branding which is on point and allows us to build brand identity, awareness and loyalty. We wanted to communicate a strong, straightforward, and trustworthy brand and we believe NEXBOARD™ can become synonymous with the Company's core values of safety and sustainability, so the customer can be assured that they're in for a better experience."

Retacell^® is a biodegradable and nontoxic 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 or treatment or infused during manufacturing into a variety of materials, including recycled plastics and wood-based fiber. Retacell^®-infused materials are also water repellent.

About Xeriant, Inc.

Xeriant, Inc. is a holding and operating company dedicated to the discovery and development of advanced materials and technology related to next generation air and spacecraft, which can be successfully integrated and commercialized for deployment across multiple industrial 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.

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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