Last checked at 19 May 2020 16:45
Xeros Technology Group plc
Publication of Annual Report and Accounts and Notice of Annual General Meeting
Xeros Technology Group plc (AIM: XSG), the developer and provider of water saving and filtration technologies with multiple commercial and domestic applications, is pleased to announce the posting today of its annual report and accounts for the year ended 31 December 2019 together with the Notice of Annual General Meeting ('AGM').
Copies of these documents will shortly be available on the Company's website https://www.xerostech.com/investors for the purposes of AIM Rule 26.
The AGM will be held at the offices of Squire Patton Boggs (UK) LLP, 7 Devonshire Square, London EC2M 4YH on 11 June 2020 at 09.30am. However, to comply with the UK Government's Stay at Home measures, shareholders are strongly encouraged not to attend the meeting in person. Shareholders should submit their votes, in respect of all matters of business, via proxy as early as possible. They should appoint the Chairman of the meeting as their proxy. If the situation changes then shareholders will be notified via the Company's website at https://www.xerostech.com/investors and via RNS announcement.
Enquiries:
Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer | Tel: 0114 321 6328
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finnCap Limited (Nominated Adviser, Broker) Julian Blunt / Teddy Whiley Andrew Burdis / Sunila de Silva
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Notes to Editors
Xeros Technology Group plc is a platform technology Group that is transforming water intensive industrial and commercial processes.
Xeros' patented XOrbTM technology significantly reduces the amount of water used in the washing or dyeing of soft substrates such as garments and fabrics. They enable the remaining water to become far more efficient and effective in either affixing or removing molecules, the result being improvements in economic, operational, product and sustainability outcomes. The Group is applying its technology in the fields of cleaning, tanning and textiles.
Xeros' XDrumTM technology is a patented, simple, low cost machine drum design which enables XOrbsTM to be introduced into and subsequently removed from process cycles in Xeros' chosen markets. The design enables rotating drum machine Original Equipment Manufacturers ("OEMs") in the fields of garment manufacture and cleaning, the ability to make simple and low-cost changes in their production lines to incorporate the Company's XOrbTM technology.
The Group has signed multiple agreements to develop and license its XDrumTM and XOrbTM products in major commercial and domestic markets.
XFiltraTM is a patented in-machine filtration technology which is designed to prevent harmful micro-plastics generated by washing cycles from being released into the aquacycle. Plastics released from synthetic clothing during washing cycles is one of the single largest sources of primary micro-plastic pollution. For more information, please visit - http://www.xerostech.com/