Xeros Technology Group plc Directorate Change (7166F)
20 Julio 2021 - 01:00AM
UK Regulatory
TIDMXSG
RNS Number : 7166F
Xeros Technology Group plc
20 July 2021
Xeros Technology Group plc
Directorate Change
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, today announces that Rachel Nooney joins the Board as a
non-executive director.
Rachel Nooney is an experienced retail marketing executive
having held senior Head of Brand and Marketing roles at New Look
and Marks & Spencer plc. Rachel is currently the owner and
principal consultant of shoreseven, a strategic marketing
consultancy.
Klaas de Boer , Chairman of Xeros, said: "Rachel's strong
consumer retail brand and marketing experience and her strong focus
on making the fashion industry's supply chain more sustainable will
add a new perspective, strengthen the Xeros Board and help drive
market adoption of Xeros' platform technologies. We very much
welcome her appointment".
Further information:
Full name: Rachel Louise Nooney
Age 52
Rachel does not hold any ordinary shares in the Company.
There are no other disclosures required for the purposes
paragraph (g) of Schedule 2 of the AIM Rules for Companies.
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 platform 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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