XEROS TECHNOLOGY GROUP PLC

M&A Activity • Apr 7, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8341B

Xeros Technology Group plc

07 April 2017

7 April 2017

Xeros Technology Group plc

Xeros expands partnership agreements, entering the Australian commercial laundry market

Xeros Technology Group plc (AIM: XSG, 'Xeros'), the developer and provider of patented polymer based systems with multiple commercial applications, has entered into a Forward Channel Partner ('FCP') agreement to expand its geographic presence into Australia. The agreement demonstrates the rapidly growing acceptance and demand beyond the US and UK Commercial Laundry markets for the sustainability, performance and economic benefits Xeros' technology delivers.

Xeros' expansion into Australia has been achieved by adding to its FCP programme through an agreement with Richard Jay Pty Ltd, Australia's largest importers, distributors and service providers of commercial and industrial laundry machinery. With its national coverage, Richard Jay Pty Ltd will facilitate the delivery of Xeros' cleaning solutions into the Australian states where severe drought conditions are driving demand for ecologically sustainable solutions.

Xeros' FCP programme is creating a broad sales network of approved partners who then also deliver lifetime services and consumables to customers under its proprietary Sbeadycare™ programme.

Mark Nichols, Chief Executive of Xeros, said:

"This agreement again demonstrates the success and value of our Forward Channel Partners programme, creating a scalable sales and service network that is allowing us to accelerate our growth into new geographic markets."

Enquiries:

Xeros Technology Group plc Mark Nichols, Chief Executive Officer	Tel: 0114 321 6328
Jefferies International Limited (Nominated Adviser and Joint Broker) Simon Hardy / Harry Nicholas	Tel: 020 7029 8000
Berenberg (Joint Broker) Chris Bowman / Ben Wright / Amritha Murali	Tel: 020 3207 7800
Instinctif Partners Adrian Duffield / Helen Tarbet / James Gray	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.

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAOKADBNBKDDQK