Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksXeros Tech Regulatory News (XSG)

Share Price Information for Xeros Tech (XSG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.325
Bid: 1.30
Ask: 1.35
Change: 0.00 (0.00%)
Spread: 0.05 (3.846%)
Open: 1.325
High: 1.325
Low: 1.325
Prev. Close: 1.325
XSG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Xeros unveils low-water home washing machine

9 Jan 2018 07:00

RNS Number : 2881B
Xeros Technology Group plc
09 January 2018
 

RNS Reach

 

9 January 2018

 

Xeros Technology Group plc

 

Xeros unveils transformational home washing machine

 

Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the developer and provider of patented polymer based technologies with multiple commercial applications, today unveils a domestic washing machine incorporating its three new innovative technologies, at the Consumer Electronics Show in Las Vegas. This innovation has the potential to transform the $127bn global domestic laundry market, bringing environmentally sustainable cleaning into the home.

 

The technology represents a breakthrough in domestic washing, by cleaning clothes with up to 50% reductions in water, detergent and energy, whilst delivering a demonstrably superior clean.

 

The domestic machine also includes a filtering system which greatly reduces the amount of synthetic microfibers from the washing process from entering rivers and oceans. In so doing, Xeros has honoured the commitments it made to the United Nations Ocean Conference in June 2017.

 

Mark Nichols, Chief Executive of Xeros, said:

 

"We're very excited about the launch of our domestic machine at CES with its three new technologies.

 

"The global domestic laundry opportunity is enormous: 119 million machines are sold annually around the world, and the global market of both machines and detergent together has an annual retail value of $127bn.

 

"This is a key development for us. Our technologies provide a sizeable and growing group of consumers with home washing machines that are environmentally friendly, using considerably less water, detergent and power as well as providing better cleaning and fabric care."

 

The launch will showcase three new Xeros-developed technologies:

 

· XOrb

An evolution of the polymer technology used in Xeros' commercial laundry solution, at the heart of Xeros' home laundry system is XOrb™ technology: reusable, recyclable and safe. XOrb™ technology enables the cleaning of clothes through absorption, adsorption and mechanical action.

 

The XOrbs result in a significant reduction in water, power and chemical use and are dispensed and retrieved from the wash in the Xeros XDrum™.

 

· XDrum

 

The XDrum is a system which enables manufacturers to incorporate XOrb™ technology into their own-branded home washing machine designs with minimal disruption to their manufacturing process and at low cost.

 

For the first time, manufacturers will be able to offer consumers the benefits of Xeros that have previously only been available to commercial laundry operations.

 

 

· XFiltra

 

In response to the growing awareness of the environmental impact of harmful microparticles entering the water system from the washing of synthetic garments, Xeros has developed the XFiltra™.

 

Compatible with any home washing machine, the XFiltra includes an integrated pump, filter and dewatering device that provides a simple, low-maintenance filtration solution that cleans wash water before its release to sewage systems.

 

For a video demonstrating the technologies, please visit: https://xeroscleaning.wistia.com/medias/5b9f2zp34i 

 

Enquiries:

 

Xeros Technology Group plc

Mark Nichols, Chief Executive Officer

Paul Denney, Chief Financial Officer

Tel: 0114 321 6328

 

Instinctif Partners

Adrian Duffield / Helen Tarbet / Mikael Astrand

 

Tel: 020 7457 2020

Notes to Editors

Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes by reducing water and chemistry usage with its polymer technologies. Its patented technologies have the capacity to provide material economic, operational and sustainability improvements that are unattainable with traditional processes. The Group is currently exploiting its intellectual property in three areas: Cleaning Technologies, Tanning Technologies and Textile Technologies. Xeros has a number of agreements in place with such international organisations as BASF, Hilton and Wollsdorf Leder.

 

Water scarcity is a global imperative. Out of the 1.3 billion km3 of water on the planet, only 0.5% is accessible by people. More than 80% of this water is from ground sources that are being rapidly depleted. Immediate problems caused by this over extraction include infrastructure collapse, with further stress being caused by pollution.

 

As a result, there are major supply implications to address, not least in the global domestic laundry market, which is estimated to use 10 trillion litres of water per annum.

 

For more information, please visit: http://www.xerostech.com/

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAFKFDDDBKBCDK
Date   Source Headline
3rd May 20247:00 amRNSAppointment of Board Observer
1st May 20242:14 pmRNSTotal Voting Rights
30th Apr 20241:45 pmRNSTR-1
29th Apr 20245:20 pmRNSTR-1
29th Apr 20243:40 pmRNSTR-1
29th Apr 20243:14 pmRNSTR-1
29th Apr 20242:18 pmRNSTR-1
29th Apr 20242:14 pmRNSTR-1
26th Apr 20245:01 pmRNSTR-1
26th Apr 202412:09 pmRNSTR-1
25th Apr 20242:09 pmRNSResult of GM, Director Dealings and TVR
19th Apr 20241:13 pmRNSResult of Retail Offer
9th Apr 20242:58 pmRNSTR-1
8th Apr 20244:30 pmRNSPosting of Circular and Notice of General Meeting
8th Apr 20243:56 pmRNSTR-1
5th Apr 202410:22 amRNSTotal Voting Rights
4th Apr 20246:29 pmRNSResult of Fundraising
4th Apr 20244:49 pmRNSRetail Offer
4th Apr 20244:40 pmRNSFundraising to raise up to £5.5 million
11th Mar 20247:00 amRNSAlex Tristram joins the Board as Finance Director
8th Feb 20245:03 pmRNSHolding(s) in Company
8th Feb 20244:27 pmRNSHolding(s) in Company
8th Feb 20242:51 pmRNSHolding(s) in Company
8th Feb 20249:07 amRNSHolding(s) in Company
7th Feb 20242:05 pmRNSHolding(s) in Company
6th Feb 20243:24 pmRNSHolding(s) in Company
6th Feb 202410:22 amRNSHolding(s) in Company
5th Feb 20247:00 amRNSTR-1
2nd Feb 20247:00 amRNSExercise of Warrants, Issue of Equity and TVR
29th Jan 202412:00 pmRNSHolding(s) in Company
26th Jan 20241:35 pmRNSExercise of Warrants and Total Voting Rights
19th Jan 20243:31 pmRNSExercise of warrants and Total Voting Rights
18th Jan 20242:37 pmRNSHolding(s) in Company
18th Jan 20247:00 amRNSDirector/PDMR Shareholding
17th Jan 20242:22 pmRNSHolding(s) in Company
16th Jan 20244:38 pmRNSHolding(s) in Company
15th Jan 20245:32 pmRNSHolding(s) in Company
9th Jan 20242:33 pmRNSHolding(s) in Company
8th Jan 20246:00 pmRNSHolding(s) in Company
8th Jan 20247:00 amRNSHolding(s) in Company
2nd Jan 20241:56 pmRNSBlock listing Interim Review
21st Dec 20231:38 pmRNSResults of Warrant Holder Meeting
15th Dec 202311:55 amRNSHolding(s) in Company
4th Dec 20237:00 amRNSCircular Posting & Warrant Holder Meeting Notice
29th Nov 20237:00 amRNSTerms of Warrants Consultation and Trading Update
20th Nov 20233:45 pmRNSHolding(s) in Company
14th Nov 20235:01 pmRNSHolding(s) in Company
8th Nov 20233:29 pmRNSHolding(s) in Company
3rd Nov 20233:11 pmRNSHolding(s) in Company
27th Sep 20237:00 amRNS2023 Interim Results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.