Certain statements in this release are forward-looking statements or information, which include, but are not limited to, potential new revenue streams; the anticipated roll out of new products; expected timing for customer production and receipt of revenue, the Company's potential cash position; consumer trends, industry innovation, the Company's use of working capital, consolidation of operations and the Company's overall business strategy, increases in production and revenue, and the Company's long-term growth and development plans. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, the Company's ability to execute on its business strategy including the execution of master manufacturing agreements on terms acceptable to the Company, and those risks set out in the Company's management's discussion and analysis for year ended May 31, 2024 under the headings "Risk and Uncertainties". Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include receipt of necessary approvals and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Nexe Innovations Inc.

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/CONTACT:

For investor relations contact: Kam Mangat, VP, Investor Relations & Corporate Strategy, invest@nexeinnovations.com, Office +1-604-359-4725, Mobile +1-604-359-4742; For media relations contact: media@nexeinnovations.com

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(END) Dow Jones Newswires

January 29, 2025 19:02 ET (00:02 GMT)