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XEROS TECHNOLOGY GROUP PLC
Report Publication Announcement • May 22, 2024
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Report Publication Announcement
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National Storage Mechanism | Additional information 
RNS Number : 3636P
Xeros Technology Group plc
22 May 2024
22 May 2024
Xeros Technology Group plc
('Xeros", the "Company" or the "Group")
Notice of Results and Online Presentation
Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, will announce its full year results for the year ended 31 December 2023 on Tuesday, 28 May 2024.
An online investor presentation and Q&A session, which is open to all existing and potential shareholders via the Investor Meet Company platform will be held on Monday, 3 June 2024 at 2.15pm.
https://www.investormeetcompany.com/xeros-technology-group-plc/register-investor
Investors who already follow Xeros on the Investor Meet Company platform will automatically be invited.
Enquiries
| Xeros Technology Group plc Neil Austin, Chief Executive Officer Alex Tristram, Finance Director |
Via Belvedere | |
| Cavendish Capital Markets Limited (Nominated Adviser and Broker) Julian Blunt/Teddy Whiley, Corporate Finance Andrew Burdis/Sunila de Silva, ECM |
Tel: 020 7220 0570 | |
| Belvedere Communications Cat Valentine Keeley Clarke |
[email protected] Mob: 07715 769 078 Mob: 07967 816 525 |
|
About Xeros
Xeros Technology plc has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes.
The traditional wet processing methods used in industrial and domestic laundry and garment manufacturing consume billions of litres of fresh water and large amounts of energy and chemicals, as well as damaging and weakening clothing fibres and creating rising levels of environmental pollution. It is estimated that washing machines contribute 35% of the 171 trillion microplastic particles in the ocean.
A range of actors, including consumers, the media NGOs and regulators are exerting pressure on these industries, with legislative action beginning to be taken.
Xeros' three main technologies, Filtration, Finish, and Care, facilitate garment manufacturers, industrial laundries, domestic washing machine manufacturers and consumers, to reduce their environmental impact, whilst also significantly improving efficiency in the process.
Xeros' model is to generate revenue from licensing its technologies, generating royalties and the sale of consumables. Currently there are 8 agreements in place. The addressable markets in Filtration, Finish and Care are estimated to be valued at £350m p.a., £132m p.a. and £3bn p.a. respectively.
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