Last checked at 4 Apr 2016 07:00
Xeros Technology Group plc
Launch of Xeros Sbeadycare® XTEND Programme
Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the innovative developer of patented polymer bead systems with multiple identified commercial applications, today announces the formal launch of Xeros Sbeadycare® XTEND, a new laundry management solution for the hotel industry.
Xeros Sbeadycare® XTEND is a first for the commercial laundry industry, combining the physical properties of a specifically designed polymer bead with bespoke digital programmes automatically downloaded to customers' washing machines. The beads used in this new application are manufactured in partnership with BASF.
This new laundry management solution helps extend the life of linens and also significantly reduces the number of items discarded by removing stains hitherto incapable of being removed in conventional washing machines. This results in a significant reduction in linen replacement costs for hotel customers.
Mark Nichols, Chief Executive of Xeros, said:
"As noted at our interim results on 22 March, we have been accelerating the roll out of machine installations in our Commercial Laundry business, whilst simultaneously increasing customer satisfaction levels and further developing our supply chain.
"Xeros Sbeadycare® XTEND will enable us to add further value to our hotel customers without any disruption to their operations. It is yet another example of using our technological expertise and understanding of our customers' requirements to deliver simultaneous improvements in cost, sustainability and quality."
4 April 2016
For further information, please contact:
Xeros Technology Group plc www.xeroscleaning.com | Via Instinctif Partners |
Mark Nichols, Chief Executive | |
Chris Hanson, Chief Financial Officer | |
Jefferies International (Nominated Adviser) | Tel: 020 7029 8000 |
Simon Hardy / Harry Nicholas | |
Instinctif Partners (Financial PR) | Tel: 020 7457 2020 |
Helen Tarbet / James Gray / Rosie Driscoll |
Notes to Editors
Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes by replacing water with polymer bead technologies. Its patented technologies have the capacity to provide material economic, operational and sustainability improvements that are unachievable with traditional processes. The Group is well established in the commercial laundry market where immediate opportunities exist for substantial growth and is currently in various stages of development to apply its technology across a range of water intensive industrial and commercial markets. The Group joined AIM in 2014 and in November 2015 raised gross proceeds of £40m by way of a placing to accelerate the commercialisation of its innovative technology across global laundry markets and to further develop its patented technology for other identified industrial and domestic processes.
For more information, please visit - http://www.xeroscleaning.com/