XERI Brand Nano-Lubricant Generates Initial Sales in Australia Following Successful Product Test
January 28, 2021 08:05 ET | Source: Xeriant, Inc. Xeriant, Inc. Boca Raton, Florida, UNITED STATES
BOCA RATON, Fla., Jan. 28, 2021 (GLOBE NEWSWIRE) Xeriant, Inc. (OTC PINK: XERI), a new aerospace technology holding company, announced today that its strategic alliance partner, Xeriant Europe s.r.o., has signed a purchase agreement for its XERI lubricant products in Australia. The sales contract follows the successful testing of XERI ’s revolutionary anti-friction “green” lubricant on an Australian brand of electrically-powered scooters.
The contract between Xeriant Europe s.r.o., based in Prague, Czech Republic, and Fatboy Scooters Australia, based in Queensland, Australia, outlines the terms of a minimum annual purchase of 4,000,000 CZK ($186,000 USD) of its XERI lubricants for use in its line of Fatboy Scooters and its elec
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SIGNS LOI TO ACQUIRE INTEREST IN STRATEGIC ALLIANCE PARTNER
BOCA RATON, Fla., Dec. 30, 2020 (GLOBE NEWSWIRE) Xeriant, Inc. (OTC:XERI), a new aerospace technology holding company, announced today that it has signed a letter of intent to acquire a significant interest in Xeriant Europe s.r.o. ( XE ), its strategic alliance partner located in Prague, Czech Republic. The share exchange transaction will enable Xeriant to participate in XE s business opportunities and technologies with the purpose of generating revenue within the next 180 days, along with long-term capital appreciation. Xeriant s strategy of blending current income into our portfolio of technologies allows for a more balanced growth plan. Our main focus in this relationship was sourcing breakthrough products in the Czech Republic so that Xeriant can hold financial interests with high-income potential, stated Xeriant CEO, Keith Duffy.