16:26 BST 28/03/2024
Xeros Technology plc has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes.
In industrial and domestic laundry and garment manufacturing, traditional wet processing methods use billions of litres of fresh water, large amounts of energy and chemicals, damage and weaken fibres, and create environmental pollution. It is estimated that washing machines contribute 35% of the 171 trillion microplastic particles in the ocean.
A range of factors are exerting pressure on these industries, including consumers, the media, NGOs and regulators, with legislative action beginning to be taken.
Xeros’ three main technologies, Filtration, Finish, and Care, facilitate garment manufacturers, industrial laundries, and domestic washing machine manufacturers to reduce their environmental impact, whilst also significantly improving efficiency in the process.
Xeros’ model is to generate revenues from licence fees and royalties. Currently, there are 8 agreements in place. The addressable markets in Filtration, Finish and Care are estimated to be £350m, £132m and £3B respectively.
Xeros is business-ready with market change being driven both top down and bottom up.
AN OVERVIEW OF XEROS
In this video CEO, Neil Austin, and Director of Finance, Alex Tristram, provide an overview for investors of the Group’s technologies and the opportunities. Interview and video by PI World.
XEROS IN CONVERSATION
Following publication of our half year results for the six months to 30 June 2023, our CEO, Neil Austin, and Director of Finance, Alex Tristram, presented the latest update for Xeros and answered investors questions.
You can sign up for free to Investor Meet Company and watch the Company’s latest and past results presentations.
RESULTS PRESENTATION
Following publication of our half year results for the six months to 30 June 2023 our presentation is now available to read or download.
Key highlights include three new licence deals signed, tighter cost control and new management team including a new Financial Director and Chief Commercial Officer.