VISTA, Calif., Dec. 5, 2017 /PRNewswire/ -- NuZee, Inc. (OTCQB: NUZE) ("NuZee" or "the Company") announced today that it has signed a joint agreement with Japan's Fuso Industries Co Ltd and NASA Corporation that grants NuZee the exclusive North America rights to utilize NASA's proprietary machinery brand FUSO in the manufacturing of NuZee's Coffee Blenders® line of Drip Cup coffee products. The agreement will commence January 1, 2018.
The Drip Cup market in Japan is estimated to be approximately 2.3 billion cups per year, with the majority of these cups manufactured by the FUSO brand Drip Cup packing machine.
"This exclusive U.S. license provides us with a significant barrier to entry with respect to the manufacture of Drip Cup coffee," said Masa Higashida, NuZee's Chief Executive Officer. "Our total revenues for the nine months ended June 30, 2017 rose to $1.2 million from $455,000 in all of FY 2016, driven in large part by higher sales of our Drip Cup line of functional coffees, which we began selling in the U.S. and Asia in 2015. We expect Drip Cup sales to rise throughout FY 2018, and this technology will allow us to meet anticipated growing market demand."
"We are very pleased to formalize our relationship with NASA, whose technology we have utilized for the last several years," said Travis Gorney, President and COO of NuZee. "The Drip Cup is a common and popular brewing method in Asia and we are encouraged by the reception it has received in the United States. The portable Drip Cup is ideal for campers, college students, outdoor enthusiasts, and coffee-lovers in general, and allows consumers to conveniently craft quality gourmet coffee virtually anywhere."
NuZee manufactures and sells its Drip Cup line of single serve, pour-over functional coffees in the following varieties: Lean Cup® (for weight loss), Think Cup® (for cognitive performance), Relax Cup® (for stress reduction), Active Cup® (for a pre-workout boost of energy), Nude Cup® (100% Arabica coffee with no added functionality), and Kona Blend, as well as its newly released 100% all-natural Twin Peaks™ line of pour-over coffees with blends from Honduras, Costa Rica, and Colombia.
About NuZee and Coffee Blenders
NuZee, Inc. (d/b/a Coffee Blenders®) is the pioneer in functional coffee, offering gourmet specialty grade coffee in convenient single serve cups using only natural ingredients with clinically supported nutraceuticals. Coffee Blenders also manufactures and sells in the United States its Drip Cup line of single serve, pour-over functional coffees, including Lean Cup® (for weight loss), Think Cup® (for cognitive performance), Relax Cup® (for stress reduction), Active Cup® (for a pre-workout boost of energy), Nude Cup® (100% Arabica coffee with no function), and Kona Blend, as well as its newly released 100% all-natural Twin Peaks™ line of pour-over coffees with blends from Honduras, Costa Rica, and Colombia. The Company also sells Matcha Cup tea, as well as a Whole Bean coffee line. For more information on Coffee Blenders, please visit: http://www.coffeeblenders.com.
Forward Looking Statements
Any statements that are not historical facts contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. We have based these forward-looking statements upon information available to management as of the date of this release and management's expectations and projections about certain future events. It is possible that the assumptions made by management for purposes of such statements may not materialize. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.
SOURCE NuZee, Inc.