Last checked at 22 Oct 2014 07:00
22 October 2014
Xeros Technology Group plc
("Xeros" or "The Group")
New Director Appointment
Xeros Technology Group plc (AIM: XSG), the innovative developer of a patented polymer bead laundry cleaning system with multiple identified commercial applications, is pleased to announce the appointment of Dr Simon Richard Ellis, as Non-Executive Director.
Richard, aged 52, has over 25 years of experience working in Research and Development in the FMCG sector, having been Head of Global Research and Development at Reckitt Benckiser Group plc, and Vice President R&D North America at Diversey Lever, a division of Unilever plc. He brings international experience of both the industrial and domestic laundry markets.
Richard is currently a Director of Richard Ellis Consulting Ltd, the Company he owns, which provides research and development consultancy particularly to SME's.
John Samuel, Chairman of Xeros, commented:
"I am pleased to welcome Richard to the Board as a Non-Executive Director and I'm sure his relevant industry experience will prove invaluable to the company"
Save as disclosed above, there is no further information required to be disclosed in accordance with Schedule 2, paragraph (g) of the AIM Rules.
For further information, please contact:
Xeros Technology Group plc | Via Newgate |
Bill Westwater, Chief Executive Officer Chris Hanson, Finance Director | |
Jefferies International (Nominated Adviser) | Tel: 020 7029 8000 |
Simon Hardy Harry Nicholas | |
Newgate Communications (Financial PR) | Tel: 020 7680 6550 |
Josh Royston Madeleine Palmstierna Georgia Lewis | Email: xeros@newgatecomms.com |
Further information on the Group can be found on the Company's website: www.xeroscleaning.com
About Xeros
Xeros has developed a patented polymer bead cleaning system with multiple identified potential commercial applications. The Group has targeted the commercial laundry market and has begun the roll-out of 25kg capacity washing machines which exclusively use Xeros' patented polymer bead cleaning system. In trials with customers, this system has been shown to achieve superior cleaning performance as well as material reductions in water, energy and chemical usages compared to conventional commercial laundry methods.
The Xeros proprietary polymer bead cleaning system reduces the carbon footprint of the entire laundry process. In addition to the commercial laundry market, the Group's polymer bead technology has a range of potential applications in other industries including domestic laundry, leather processing, garment finishing and metal cleaning. The Group is currently in various stages of development and preparation for commercialisation of other identified applications, the most advanced of which is domestic laundry.
On 30 April 2014, the Group won Bronze at the prestigious Edison Awards 2014 in San Francisco in the Energy/Sustainability category for its virtually waterless commercial laundry system and, on the same evening, the Group was named University Spin-Out of the Year at the New Energy & Cleantech Awards 2014 in London.