Company dedicated to the discovery and development of advanced materials, Xeriant Inc (OTCMKTS:XERI), on September 8, 2022, announced trademarking NEXBOARD as the commercial name for green Retacell-based wall panels. These can be utilized for replacing wallboard products made from wood and gypsum, like plywood, drywall, MDF (medium-density fiberboard), and OSB for retrofit and new construction.
Trading Data
On Thursday, XERI stock surged 10.96% to $0.0380 with 417.81K shares, compared to volume of 476.77K shares. The stock moved within a range of $0.0310 – 0.0400 after opening trade at $0.0400.
Xeriant has trademarked NEXBOARD™ for its Eco-Friendly Retacell®-based Wall Panels
The company is working with a number of big firms, both international and domestic, testing the Retacell fire retardant technology in woods, plastics, and textiles for different applications.
Keith Duffy, CEO of Xeriant said that the goal is to deliver next-generation building product, which satisfies the highest level of performance and quality expectations. Duffy added that NEXBOARD is superior wallboard for the global construction market, increasing sustainability and safety. The CEO also said that the firm has been encouraged by the robust interest in NEXBOARD from the homebuilding community.
Additionally, the firm had announced a Letter of Intent from Next New Concept for using NEXBOARD in the construction of 35,000 homes. Xeriant is discussing with different large residential as well as commercial builders.
Dave Zajac, Managing Director of Xeriant’s Advanced Chemicals and Materials Division said that the firm’s Retacell-based wall panels are reaching a commercialization point. Zajac added that the firm is looking to communicate a robust and trustworthy brand and believes NEXBOARD can be synonymous with safety and sustainability.
Key Quote
“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.
Technical Data
XERI stock is trading above the 20-Day and 50-Day Moving averages of $0.0467 and $0.0622 respectively. However, the stock is trading below the 200-Day moving average of $0.0999. The company has a total market capitalization of $13.87 million.
