Update on Contract Wins

RNS Number : 1953S

Xeros Technology Group plc

22 September 2014

 



22 September

Xeros Technology Group plc

("Xeros" or "The Group")

Update on contract wins

Xeros Technology Group plc (AIM: XSG), the innovative developer of a patented polymer bead laundry cleaning system with multiple identified commercial applications, is pleased to announce that, following its latest cleaning system contract win, it now counts four out of the world's top five hotel groups* as customers.  According to the 2014 World Hotel Ranking (www.hotel-online.com), IHG, Hilton, Marriott, Wyndham and Choice are the top five hotel groups measured by rooms globally.

As a result, Xeros cleaning systems are now installed, or contracted to be installed, at sites with each of these four hotel groups in the USA, a priority market for Xeros given the increasing scarcity and cost of water in many states.  Single or multiple cleaning systems will be in operation with these customers and handling daily demand in busy hotel laundries.

By replacing much of the water with polymer beads, Xeros cleaning systems are saving laundry customers up to 75% of the water, up to 50% of the energy (used to heat water in the washing machine) and up to 50% of the detergent compared to conventional, aqueous washing machines.

Xeros CEO Bill Westwater states:

"Four of the world's top five hotel groups have now agreed to use Xeros cleaning systems in the USA and we are actively contributing to their achievement of their CSR goals in relation to sustainability. We've demonstrated how Xeros technology can bring lasting and meaningful benefits by way of superior cleaning, water and energy reductions and enhanced service through the commercial use of our technology for laundry.

We are highly encouraged by the early adoption of our cleaning systems by these important customers and we look forward to working with them going forwards. ."

* Definition of top hotels and reference:
http://www.hotel-online.com/press_releases/release/global-hotel-rankings-the-leaders-grow-stronger-ihg-retains-top-spot

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For further information, please contact:

Xeros Technology Group plc	Via Newgate
Bill Westwater, Chief Executive Officer Chris Hanson, Finance Director
Jefferies International (Nominated Adviser)	Tel: [phone]
Simon Hardy Harry Nicholas
Newgate Communications (Financial PR)	Tel: [phone]
Josh Royston Madeleine Palmstierna Georgia Lewis	[e-mail]

About Xeros

Xeros has developed a patented polymer bead cleaning system with multiple identified potential commercial applications. The Group has targeted the commercial laundry market and has begun the roll-out of 25kg capacity washing machines which exclusively use Xeros' patented polymer bead cleaning system. In trials with customers, this system has been shown to achieve superior cleaning performance as well as material reductions in water, energy and chemical usages compared to conventional commercial laundry methods.

The Xeros proprietary polymer bead cleaning system reduces the carbon footprint of the entire laundry process. In addition to the commercial laundry market, the Group's polymer bead technology has a range of potential applications in other industries including domestic laundry, leather processing, garment finishing and metal cleaning. The Group is currently in various stages of development and preparation for commercialisation of other identified applications, the most advanced of which is domestic laundry.

On 30 April 2014, the Group won Bronze at the prestigious Edison Awards 2014 in San Francisco in the Energy/Sustainability category for its virtually waterless commercial laundry system and, on the same evening, the Group was named University Spin-Out of the Year at the New Energy & Cleantech Awards 2014 in London.

 

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