Xeriant Inc. (OTCMKTS:XERI) Stock Gains Momentum: What’s The Buzz?
Investors look into a lot of market trends before they decide to follow a stock. Some look into trading volume, some look into news, some look into institutional investment, and many others look into momentum.
Stocks that gain momentum can often garner significant traction because investors may think that the trend may continue, and last week, Xeriant Inc. (OTCMKTS:XERI) was one of the stocks to have gained momentum. The company is involved in the development, commercialization, and discovery of advanced materials and aerospace technologies. On August 8, the company announced that a new Vice President of Composites Manufacturing had joined it in the form of Tom Fitzgerald Jr.
In his new role, Fitzgerald would oversee the setting up of operations and work on the mass production of the company’s green building materials. The materials would be produced under the recently formed subsidiary unit, BlueGreen Composites. Prior to joining Xeriant, he had been the Vice President of TMF Corporation, a Pennsylvania-based company involved in the manufacturing of innovative plastic industrial products.
The company further announced that the appointment had been made following many months of collaboration with TMF on the development of automated high-volume production for Durever sustainable building materials, which are suitable for Xeriant’s composite formula. The formula is currently in the patent-pending stage.
On August 1, Xeriant announced that it had completed the filing of trademark and patent applications with the United States Patent and Trademark Office pertaining to its advanced green building materials. The patent specifically involved the unique architecture, composition, and manufacturing process of Nexboard. Nexboard is a fiber-optic polymer composite material for buildings that is made mainly from recycled waste products.
The company’s building material could be used to replace plywood, OSB, drywall, and other types of construction panels. They submitted the filing for the Durever mark, which could be used in future branding campaigns for high-performance building materials as well as fire-retardant products. The name Nexboard was trademarked by Xeriant last year.
The Chief Executive Officer of the company, Keith Duffy, spoke about the matter as well. He noted that the trademark and patent filings were both important steps in its commercialization strategy for its unique building materials. He went on to note that the filings also demonstrated the commitment of Xeriant towards effective branding and the development of technology.
The company had been in the news cycle on July 25 when it made an announcement about the steps it had taken to eventually manufacture NEXBOARD on an industrial scale. Xeriant announced that it had started the implementation of its production strategy and also made investments in input components and equipment.
Some of the other measures taken by the company included pilot testing on production samples, strengthening relationships across the industry, and further refinement of the input material mix. The company also informed some of the major home builders of its accomplishment of scaling up the production of Nexboard.
