Xeros Technology Group plc Agreements To Trial Domestic XFiltra (2355E)
06 Julio 2021 - 1:00AM
UK Regulatory
TIDMXSG
RNS Number : 2355E
Xeros Technology Group plc
06 July 2021
Xeros Technology Group plc
Agreements To Trial Domestic XFiltra
Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the
developer and licensor of platform technologies which transform the
sustainability and economics of clothing and fabrics during their
lifetime, has signed agreements with two domestic washing machine
manufacturers to test and trial the Company's microfibre filtration
technology, XFiltra(TM).
The first agreement, with a major global household appliance
manufacturer, headquartered in Asia, will incorporate XFiltra into
their domestic washing machine platform for extensive testing ahead
of field trials.
The second agreement, with a smaller, European-based
manufacturer, will incorporate XFiltra into a domestic washing
machine platform for consumer-facing field trials.
Under both agreements, testing and trials are planned to be
completed by the end of Q1 2022.
Mark Nichols , Chief Executive of Xeros, said: "It's estimated
that more than a quarter of a million tonnes of microfibres are
currently ending up in the aquatic environment, each year, as a
result of washing our clothes at home. Effective microfibre
filtration in washing machines is a vital but simple step towards
preventing this form of pollution, which is now to be found across
the entire trophic range.
"We are delighted to be partnering with two domestic washing
machine manufacturers who share a common concern for the
environment, our passion for helping consumers 'wear better (TM) '
and reducing the impact of microfibre pollution on the planet."
Enquiries:
Xeros Technology Group plc Tel: 0114 321
Mark Nichols, Chief Executive Officer 6328
Paul Denney, Chief Financial Officer
finnCap Limited (Nominated Advisor & Broker) Tel: 020 7220
Julian Blunt / Teddy Whiley, Corporate Finance 0500
Andrew Burdis / Sunila de Silva, ECM
Notes to Editors
Xeros Technology Group plc has developed and licenses two
platform technologies which transform sustainability, performance
and economics in the manufacturing and laundering of garments and
fabrics.
The Company's XTend(TM) technology platform uses XOrbs(TM) in
conjunction with XDrums(TM) to significantly reduce the amount of
water and chemistry used in the dyeing, finishing or laundering of
garments and fabrics. XOrbs increase the efficiency of these
processes which require molecules to be either affixed or removed
from substrates. In the case of laundry, they are proven to
significantly increase the life of clothes and fabrics. The results
being major improvements in economic, operational, product and
environmental outcomes.
XDrum is Xeros' low-cost machine design which enables XOrbs to
be introduced into and subsequently removed from process cycles.
The design provides Original Equipment Manufacturers with the
ability to make simple changes to their products to incorporate the
Company's XOrb technology.
The Group has signed multiple license agreements for its XDrum
and XOrb technologies with leading OEMs in major commercial and
domestic markets.
XFiltra(TM) is the Company's proprietary washing machine
filtration technology which prevents harmful microfibres including
microplastics, generated during washing cycles, from being released
into the world's rivers and oceans. Microfibres released into the
environment from clothing and fabrics during their laundering,
being a major source of pollution in the environment and
contamination in the food chain.
The Company has signed a license agreement with leading
commercial laundry equipment manufacturer Girbau for the deployment
of XFiltra in commercial laundries and has plans to also license
its design into the domestic laundry market.
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END
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