Boveda Announces Supply Agreement with Xikar

Minneapolis, MN – July 14, 2016

Boveda Inc., the global leader in 2-way humidity control, and XIKAR, Inc., a leading cigar accessory brand, today announced a long-term agreement pursuant to which Boveda will supply its new customer XIKAR with private label custom printed patented 2-way humidity control products for use in the premium cigar market.

The agreement is part of Boveda’s new initiative to expand the availability of its patented 2-way humidity control technology by providing Xikar with custom printed Boveda packets. Boveda will continue to manufacture and distribute its own branded products to the cigar industry.

Boveda’s innovative technology and manufacturing expertise expands XIKAR’s current line of full-service cigar accessories. XIKAR will provide retailers with inventory management and merchandising services, as well as education and training on the 2-way humidity control products.

Tim Swail, Boveda’s Executive Vice President, stated “We believe retailers and consumers will benefit significantly from this new supply agreement, and it adds an exciting new product line to Xikar’s already formidable accessories lineup.” According to XIKAR President Kurt Van Keppel, “Our agreement with Boveda is a natural step in our pursuit to be the turn-key supplier of all cigar accessories, to all cigar retailers.”

Questions regarding this announcement can be directed to Tim Swail, Executive Vice President, at +1 952-745- 2912 or at tim.swail@bovedainc.com.

Boveda Inc., a privately held Minnesota corporation, designs and manufactures packaging inserts that provide true two-way humidity control for numerous industries and applications with RH levels ranging from 10% to 95% RH, including among others, pharmaceutical applications, wooden musical instruments, premium cigars and tobacco. Boveda’s patented technology provides true moisture-management by adding or removing water-vapor—whichever is needed—in the headspace of packages and containers to maintain a constant, predetermined level of moisture in the enclosed product or material.