LONDON (Alliance News) - Xeros Technology Group PLC on Tuesday said the first phase of its development deal with chemicals group LANXESS Deutschland GmbH has been completed.
Xeros said the pair will now enter the second phase of technical and commercial validation for its leather bead processing technology. It said the development partnership is progressing on schedule.
Xeros has developed washing machines that use polymer beads in the washing process, which it claims reduces the need for cleaning powders and liquids as well as water and energy, while achieving good cleaning results.
Shares in the company were untraded early Tuesday, having last traded at 252.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Xeros Tech (XSG)