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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

XERI Nanotech Lubricants Produce Initial Sales

January 13, 2021 GMT

BOCA RATON, Fla., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Xeriant, Inc. (OTC PINK: XERI), a new aerospace technology holding company, announced today that it has been working with its strategic alliance partner, Xeriant Europe s.r.o., to launch a line of next-generation eco-friendly metal conditioners and lubricants under the brand names XERI-MC and XERI-L, which are in the process of being sold worldwide under an exclusive licensing agreement. Initial orders have started, and product has already been shipped to companies in 14 countries. As with other advanced materials, the implications for this technology reach far beyond aerospace, with potential use in a broad range of automotive, energy, industrial, military and marine applications.

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XERI-MC increases the performance and efficiency of machinery while decreasing maintenance and downtime, which can have major economic benefits. Invented for aircraft engines, XERI-MC is effective under extreme pressure and temperature conditions. Its powerful, non-toxic XERI Metal Conditioner nanofilm agent, on a molecular level, significantly reduces metal-to-metal friction and the related negative side effects such as heat, energy consumption, noise, and wear and tear on parts. XERI-MC also extends the life of metal parts by reducing corrosion and repelling water. XERI-MC has been demonstrated to be beneficial in automobiles, trucks, farm equipment, drilling systems, ships, army equipment and biogas plants. A biogas company in the Czech Republic, Bioplyn Jílové s.r.o., is now using XERI-MC at one of their plants to save energy in producing electricity. There are 554 biogas plants in the Czech Republic and tens of thousands worldwide, which reaches 50 million when small bioenergy sites, called micro-scale digesters, are included.

“This is one of many advanced materials that Xeriant Europe is securing under exclusive licensing agreements for Xeriant to generate near-term revenue and profitability, each with enormous potential in aerospace and other industries,” stated Xeriant CEO, Keith Duffy.  

Xeriant Aerospace and Xeriant Europe have been working together to source and secure novel high-potential eco-friendly products and technologies in the Czech Republic.

Throughout history, the aerospace industry has been at the leading edge of many game-changing technological breakthroughs which have led to the commercialization of spinoff products across various industries. The global lubricants market was estimated at $55 billion in 2019 and is expected to hit $80 billion by 2027, according to a November 2020 published report by Precedence Research.

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“XERI-MC is receiving a tremendous response from many companies around the world once they see its positive effect on their equipment, aircraft and vehicles. We expect to generate sales in over 40 countries this year,” stated XE’s President, Henry Biza.

ABOUT XERIANT

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. 

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
561-491-9595
corporate@xeriant.com
www.xeriant.com