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Pin to quick picksXeros Tech Share News (XSG)

Share Price Information for Xeros Tech (XSG)

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Share Price: 1.50
Bid: 1.45
Ask: 1.55
Change: 0.00 (0.00%)
Spread: 0.10 (6.897%)
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Xeros Patent For Washing Machine Microfibre Filter Now Published

Wed, 10th Jul 2019 10:15

(Alliance News) - Xeros Technology Group PLC on Wednesday said its patent application for microfibre filters in domestic washing machines has been published.

Shares in water saving and effluent reduction technology firm Xeros soared 33% in London on Wednesday morning to 8.35 pence.

The patent application for the device, trademarked XFiltra, can now be licenced by domestic washing machine manufacturers. The application was published by the World Intellectual Property Organization.

"XFiltra is a combined filter, pump and de-watering unit", Xeros said, intended to be incorporated into a front-loading washing machine in order to filter out microfibres from synthetic fabrics likes polyester and nylon.

Xeros noted that the washing of clothes made from synthetic fibres is "the single biggest source of primary microplastics released into the oceans every year", with up to 700,000 microfibres released into the environment in just one domestic wash cycle.

Xeros Chief Executive Mark Nichols said: "Solving the issue of microplastic particles entering the environment from the clothes will require action at many points of the supply chain including washing machines. We are now engaged in meaningful discussions with washing machine manufacturers, retailers and clothing brands regarding XFiltra - this represents a giant step towards reducing the largest source of primary microplastic pollution in the ocean."

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22 Jun 2022 11:15

Xeros Technology expects to break even in 2024 as pretax loss narrows

(Alliance News) - Xeros Technology Group PLC on Wednesday said 2021 revenue was up 23% and it looks ahead with optimism as the firm signed a "landmark" deal in June.

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22 Jun 2022 11:00

AIM WINNERS & LOSERS: Learning Technologies confident of progress

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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15 Jun 2022 10:52

AIM WINNERS & LOSERS: DP Poland rallies; Xeros gives back some gains

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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14 Jun 2022 15:21

Xeros surges on licensing deal with German components maker

(Sharecast News) - Laundry technology developer Xeros announced the signing of a licensing agreement for its 'XFilter' filtration technology with Hanning Elektro-Werke.

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14 Jun 2022 12:02

LONDON MARKET MIDDAY: Rebound stumbles as US Fed hike jitters grow

(Alliance News) - Tuesday's dead cat bounce didn't live past the morning in Europe, with the FTSE 100 back in the red at midday as investors fret over an upcoming US interest rate decision.

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14 Jun 2022 11:01

Xeros Technology shares double on 10-year XFilter licensing deal

(Alliance News) - Xeros Technology Group PLC shares more than doubled on Tuesday after the firm's washing machine filtration technology was accredited and then signed a licensing agreement.

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14 Jun 2022 10:44

AIM WINNERS & LOSERS: Xeros shares double on "transformational" deal

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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8 Jun 2022 13:26

Xeros progressing towards delayed India consumer launch

(Sharecast News) - Sustainability-focussed laundry technology developer Xeros updated the market on the upcoming India domestic market launch of the first Xeros-enabled domestic washing machine on Wednesday, by IFB Industries.

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8 Jun 2022 12:17

TRADING UPDATES: City Pub Jubilee boost; Fulham Shore fights inflation

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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31 Mar 2022 16:02

Xeros warns on profitability amid fresh China lockdowns

(Sharecast News) - Clothing and fabric proprietary technology developer Xeros updated the market on its commercialisation strategy on Thursday, noting that since its last update in January, India had exited its third Covid-19 wave and was operating "near normal".

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31 Mar 2022 10:31

IN BRIEF: Xeros falls as profit goal delayed; admits need for funding

Xeros Technology Group PLC- Rotherham, England-based developer and licensor of platform technologies - No longer expects to reach month-on-month earnings before interest, tax, depreciation and amortisation profitability and breakeven in the first quarter of 2023. Xeros now expects to reach profitability and breakeven in 2024. This, it explains, is as a result of China increasing major lockdowns and India's slow return to normal operations after its third Covid wave.

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31 Mar 2022 10:21

AIM WINNERS & LOSERS: Xeros warns on profit goal and funding need

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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18 Mar 2022 14:15

EXECUTIVE CHANGES: Polymetal adds 4 directors to replace 6 departures

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:

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27 Jan 2022 20:20

TRADING UPDATES: Fuller's knocked by Omicron; Wilmington lifts outlook

TRADING UPDATES: Fuller's knocked by Omicron; Wilmington lifts outlook

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23 Sep 2021 12:09

TRADING UPDATES: Everyman sees post-lockdown demand; Safestyle profit

TRADING UPDATES: Everyman sees post-lockdown demand; Safestyle profit

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