Xeriant Signs MOU with Innovative Materials Processor for NEXBOARD™
BOCA RATON, Fla., Jan. 31, 2024 (GLOBE NEWSWIRE) — Xeriant, Inc. (OTCQB:XERI) (“Xeriant” or “the Company”), a company dedicated to the discovery, development and commercialization of aerospace technologies and advanced materials, announced today that it has signed a Memorandum of Understanding (“MOU”) with an industry-leading innovator in recycling, compounding and pelletizing systems for converting waste materials into useful eco-friendly products. The agreement formalizes the existing relationship with Xeriant, which began several months ago, and establishes a framework leading to a definitive agreement for an eventual acquisition. Xeriant will significantly benefit in several strategic areas critical to the success of NEXBOARD and future DUREVER™ products. Xeriant has limited its disclosure in this announcement because of the proprietary technology involved.
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