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Xeros Technology Group plc - Licensing Sustainable Solutions to Create Shareholder Value

Explore Xeros Technology Group plc’s group strategy, financial reports and other investment tools, AIM declaration, regulatory news, and information about our management and advisors.

Group Strategy and Overview

Xeros Technology Group has developed water-saving and filtration technologies for use under license by Original Equipment Manufacturers. Our technologies are applied in the fields of apparel manufacture and commercial and domestic laundry. They transform the performance, economics and sustainability of these water-intensive processes.

The environmental and financial case for our technologies continues to grow as the scarcity and pricing of water increases, and as consumption increasingly outstrips supply in many parts of the world.

Learn more about water stress and the impact of our water-saving technologies

XOrbs™

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Improved performance with less water, energy and chemistry.

XOrbs significantly increase the efficiency and sustainability of apparel manufacturing and laundry processes. In laundry cycles their gentle mechanical action ensure garments look and feel great, and last longer.

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XDrum™

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A scalable design equally at home in domestic or commercial environments. 

XDrum introduces XOrbs into machine cycles, with application-specific benefits including improved performance outcomes and extended garment life, then removes them after use. They are stored within the machine, ready to be used again.

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XFiltra™

XFiltra CAD drawing

The only effective washing machine filtration solution.

Integrated into any washing machine platform, XFiltra is proven to be the best solution for preventing microfibre emissions from laundry cycles, significantly reducing environmental pollution.

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Learn More About Our Technologies

Our platform technologies deliver unrivalled savings in the use of water, energy and chemistry in multiple garment and fabric related processes, while cutting effluent emissions and microplastic pollution. Xeros' innovations offer significant benefits to licensees and their customers.

We commercialise our technologies through licensing models, working with global OEMs who have significant market presence. 

Licensing Agreements include:

Working with leading OEMs we are commercialising our products in major global industries: domestic laundry, commercial laundry, including the cleaning of specialist workwear, and the processing of textiles and garment manufacturing.

Our products are protected by more than 40 patent families

Xeros

Cleaning

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Our game-changing cleaning technologies sustainably deliver superior results and lower costs for the laundry industry and homeowners.

The annual global domestic washing machine market is estimated at 119 million machines. 

Xeros

Apparel

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Xeros technologies significantly reduce both pollution and the vast amounts of water consumed by garment manufacturing.

The fashion industry is estimated to be worth in excess of US $2 trillion p.a., producing more than 100 billion items of clothing. 

Xeros

Filtration

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With XFiltra, OEMs can significantly reduce microfibre pollution released through washing, which harms wildlife and enters our food chain.

It is currently estimated that 500,000 tons of microplastics are entering rivers and oceans from domestic laundry each year.

Share Price

Regulatory News

AIM 26 Declaration

The following information is disclosed in accordance with Rule 26 of the AIM regulations:

Last updated on 26th October 2020.

Company Information

Country of Incorporation: England and Wales
Main Country of Operation: United Kingdom

Xeros Technology Group plc (LN: XSG) develops and licenses platform technologies which transform the sustainability of water-intensive industrial, commercial and domestic processes.

Xeros uses its patented technologies XOrb, XDrum, XFiltra to improve the sustainability, performance and economics of a number of textile-based applications, reducing water, energy and chemical consumption, reducing emissions and virtually eliminating microplastic pollution.

The Group is applying its technologies in the fields of apparel manufacturing, domestic and commercial laundry including the cleaning of specialist workwear, and leather tanning.


Governance

The Xeros Technology Group (the “Group” or “Xeros”) Board is committed to embedding good corporate governance throughout the Group. The Chairman plays a crucial role within this process and retains overall responsibility for the Group’s corporate governance environment.

The Xeros Technology Group has adopted the Quoted Companies Alliance Corporate Governance Code (the “Code”). The Board has taken steps to apply the principles of the Code as far as it is practical, given the size of the Group and the nature of the business.

To read our full statement on Corporate Governance click here.


UK City Code on Takeovers and Mergers

Xeros Technology Group plc is subject to the UK City Code on Takeovers and Mergers.


Securities Information

As of 26th October 2020, Xeros has 1,994,088,097 AIM securities in issue. The percentage of AIM securities not in public hands is 41.14%. Xeros’ AIM securities are not traded or listed on any other stock exchange market. There are no restrictions on the transfer of the Company's shares.


Significant Shareholders

Percentage of the issued share capital

Entrepreneurs Fund 25.9%
IP Group plc 12.9%
D.Keane 8.1%
Ora Capital 7.5%
Canaccord 7.2%
Lombard Odier 5.0%
Walker Crips 4.9%
Cleveland Capital 4.0%
W.Salomon 3.3%

Company Secretary

Paul Denney


Registered Office

Unit 2 Evolution Advanced Manufacturing Park, Whittle Way, Catcliffe, Rotherham S60 5BL, United Kingdom

Company Number: 08684474
Group VAT Number: 185 9925 45


Documents

Xeros Board

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Klaas de Boer

CHAIRMAN
Klaas joined Xeros as Chairman in January 2020. He has served as Managing Partner of Entrepreneurs Fund since 2008. Klaas holds numerous board positions with international companies including SmartKem, General Fusion and Vasopharm. Klaas began his career with Mckinsey & Company before transitioning to venture capital with Baan Investment more than 20 years ago. He holds an MSc in Applied Physics from Delft University of Technology and an MBA from INSEAD. Klaas is a member of the Nominations Committee, Remuneration Committee and attends the Audit Committee by invitation.
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Mark Nichols

CHIEF EXECUTIVE OFFICER
Mark joined Xeros as Chief Executive Officer in September 2015. His background is in business development, finance and operations with global enterprises including Total, Laing O'Rourke and BOC. Prior to joining Xeros, he led technology start-ups in the fields of clean energy and bio-polymers. Mark is a member of the Nominations Committee, Remuneration Committee and attends the Audit Committee by invitation.
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Paul Denney

CHIEF FINANCIAL OFFICER AND COMPANY SECRETARY
Paul joined Xeros in October 2016. He has a background in international corporate finance working for companies such as Electronic Data Systems Inc., Experian plc and Callcredit Information Group. He is a qualified accountant holding an MBA from the London Business School. Paul is a member of the Remuneration Committee and attends the Audit Committee by invitation.
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David Armfield

SENIOR INDEPENDENT DIRECTOR
David joined Xeros in July 2018. His background is in corporate finance, having previously worked for Lehman Brothers as its Co-Head of European Industrial Coverage. He has also served as a partner at PwC, including a stint as the firm's National Head of Industrial Products. He is the Founding Partner and Director of Kinetix Critchleys Corporate Finance, which provides advisory services to companies in the Clean Technology and Resource Efficiency industries. David is a member of the Audit Committee, Nominations Committee and Remuneration Committee.
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David Baynes

NON-EXECUTIVE DIRECTOR
David joined Xeros in 2019. He was appointed to the Board of IP Group plc in March 2014 following the acquisition of Fusion IP plc, where he was Chief Executive Officer and one of the founders. David has been a board director of Fusion IP plc since 2004, having been a director of Fusion IP Trading since 2003. Previously, David worked at Celsis International plc from its incorporation to floatation on the London Stock Exchange and Toad plc where he was responsible for taking the company from start-up to a full listing on the London Stock Exchange. David was also CFO of Codemasters Ltd, the UK's largest privately held games company. David is Chair of the Audit Committee and a member of the Remuneration and Nomination Committees.