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8 Oct 2025 07:00
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION NO. 596/2014 (AS INCORPORATED INTO UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED BY VIRTUE OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
8 October 2025
Xeros Technology Group plc
("Xeros," the "Group" or the "Company")
Breakthrough Launch Agreement with a Top Ten Global Washing Machine Brand
The Board of Xeros Technology Group plc (AIM:XSG), the creator of technologies that reduce the impact of clothing on the planet, is delighted to announce that it has signed a breakthrough launch agreement with a global leading washing machine manufacturer.
· | Development and Product Launch Agreement ("Launch Agreement") signed with one of the world's largest, branded washing machine manufacturers
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· | A global leader selling around seven million domestic washing machines per year, operating predominantly across North and Latin America
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· | A paid-for, time-bound process with defined milestones and deliverables, anticipated to complete in around 12-18 months
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· | The intended outcome of the Launch Agreement is the mass production of domestic washing machines using Xeros' laundry care technology
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· | The Group anticipates similar paid for agreements will follow, as it currently has three further global washing machine manufacturers in technical verification
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The Group is thrilled that it has signed a significant Launch Agreement with one of the world's largest, branded washing machine manufacturers to develop a domestic washing machine under the manufacturer's global brand using Xeros' Laundry Care technology and Product Certification Mark*.
The manufacturer, which cannot be named due to commercial sensitivity, is a global leader, and top ten brand, selling around seven million domestic washing machines per year, operating predominantly across North and Latin America. The intended outcome of the Launch Agreement is the mass production of domestic washing machines using Xeros' Laundry Care technology (XDrum and XOrbs) under the manufacturer's brand, with the inclusion of Xeros, as a sub-brand, by way of its Product Certification Mark.
The Launch Agreement will follow a paid-for, time-bound process with defined milestones and deliverables, and is anticipated to complete in around 12-18 months. Post completion, revenue will come from a royalty payment for each Product Certification Mark used, and from the sale of XOrbs.
The Group anticipates similar paid for agreements will follow, with three further global washing machine manufacturers currently in technical verification.
Commenting on the Launch Agreement, Neil Austin CEO said:
"The Agreement to develop a Laundry Care machine with a top ten global brand is a game changer for the Group and on a personal level the key moment I have been working towards since joining the business. We are absolutely thrilled to be working with them and believe this is the strongest evidence yet for the global adoption of Xeros' Care Technology."
* | The Product Certification Mark has been developed by Xeros and is intended to be applied to all licensed technology going forward. It is a holographic badge with Xeros' logo and a QR Code linking to a technology information webpage. It is applied to each unit at the point of manufacture, and signals that Xeros' patented innovative technology has been used. In addition, it provides a clear trigger point for Royalty payment, rather than at point of sale. |
Enquiries
Xeros Technology Group plc Neil Austin, Chief Executive Officer Alex Tristram, Director of Finance
| Tel: 0114 269 9656 | |
Cavendish Capital Markets Limited (Nominated Adviser and Broker) Julian Blunt/Teddy Whiley, Corporate Finance Andrew Burdis/Sunila de Silva, ECM
| Tel: 020 7220 0500 | |
Rawlings Financial PR Limited Keeley Clarke Cat Valentine |
Mob: 07967 816 525 Email: Xeros@rfpr.co.uk | |
About Xeros
Xeros Technology plc has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes.
The traditional wet processing methods used in industrial and domestic laundry and garment manufacturing consume billions of litres of fresh water and large amounts of energy and chemicals, as well as damaging and weakening clothing fibres and creating rising levels of environmental pollution. It is estimated that washing machines contribute 35% of the 171 trillion microplastic particles in the ocean.
A range of actors, including consumers, the media NGOs and regulators are exerting pressure on these industries, with legislative action beginning to be taken.
Xeros' three main technologies, Microfibre Filter, Laundry Care, and Garment Finishing, facilitate garment manufacturers, industrial laundries, domestic washing machine manufacturers and consumers, to reduce their environmental impact, whilst also significantly improving efficiency in the process.
Xeros' model is to generate revenue from licensing its technologies, generating royalties and the sale of consumables. Currently there are eight agreements in place. The addressable markets in Microfibre Filter, Laundry Care, and Garment Finishing are estimated to be valued at £350m p.a., £3bn p.a. and £132m p.a. respectively.
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