Domestic XFiltra co-operation agreement signed

RNS Number : 7557D

Xeros Technology Group plc

01 July 2021

 

Xeros Technology Group plc

Domestic XFiltra co-operation agreement signed

Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the developer and licensor of platform technologies which transform the sustainability and economics of clothing and fabrics during their lifetime, has signed a co-operation agreement ('Agreement') with Hanning Elektro-Werke Gmbh & Co.KG. ('Hanning'), to test and market XFiltra™ to domestic washing machine manufacturers.

Hanning is a leading manufacturer of component parts for major industries with expertise in moving fluids. They develop and supply parts, including drain and circulation pumps, to a number of the world's largest washing machine manufacturers.

The non-exclusive agreement allows for Hanning and Xeros to develop and test an XFiltra product for incorporation into domestic machines. Legislation in France currently requires this to be the case by 1^st January 2025.

Mark Nichols , Chief Executive of Xeros, said: "Washing machine manufacturers are increasingly putting sustainability and protecting the environment at the heart of their products. This includes preventing microfibre pollution which is generated by washing clothes.

"We've consistently demonstrated that XFiltra is not only the best product design to achieve this, but is also capable of being deployed across the full spectrum of washing machines including commercial laundry operations, as witnessed by our recent license agreement with Girbau S.A.

"This agreement with Hanning, to trial XFiltra with leading brands in the household laundry market, is the first of several we expect across the domestic washing machine sector."

Enquiries: 

Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer	Tel: [phone]
finnCap Limited (Nominated Advisor & Broker) Julian Blunt / Teddy Whiley, Corporate Finance Andrew Burdis / Sunila de Silva, ECM	Tel: [phone]

Notes to Editors

Xeros Technology Group plc has developed and licenses two platform technologies which transform sustainability, performance and economics in the manufacturing and laundering of garments and fabrics.

XTend™ is the tradename for the Company's technology platform which uses XOrbs™ in conjunction with XDrums™ to significantly reduce the amount of water and chemistry used in the dyeing, finishing or laundering of garments and fabrics. XOrbs increase the efficiency of these processes which require molecules to be either affixed or removed from substrates. In the case of laundry, they are proven to significantly increase the life of clothes and fabrics. The results being major improvements in economic, operational, product and environmental outcomes.

XDrum is Xeros' low-cost machine design which enables XOrbs to be introduced into and subsequently removed from process cycles. The design provides Original Equipment Manufacturers with the ability to make simple changes to their products to incorporate the Company's XOrb technology.

The Group has signed multiple license agreements for its XTend platform technology with leading OEMs in major commercial and domestic markets.

XFiltra™ is the Company's proprietary washing machine filtration technology which prevents harmful microfibres including microplastics, generated during washing cycles, from being released into the world's rivers and oceans.  Microfibres released into the environment from clothing and fabrics during their laundering, being a major source of pollution in the environment and contamination in the food chain.

The Company has signed a license agreement with a major laundry equipment Company for the deployment of XFiltra in commercial laundries and has plans to also license its design into the domestic laundry market.

About Hanning

HANNING ELEKTRO-WERKE GmbH & Co. KG has more than 70 years of experience and expertise gained as a global specialist for customer-specific drive systems and components. Its product line ranges from AC and three-phase motors, linear actuators, frequency inverters and fan drives through to drain and circulation pumps. They develop and produce customized drive solutions worldwide based on the slogan "moving ideas".    

 

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