30
May 2024
Xeros Technology Group
plc
('Xeros"
or the "Company")
Notice of AGM and Posting of
Annual Report
Xeros Technology Group plc (AIM:
XSG), the creator of technologies that reduce the impact of
clothing on the planet, announces that its Annual General Meeting
("AGM") will be held on Tuesday, 25 June 2024 at 10.00 am, at
the offices of Squire Patton Boggs (UK) LLP, 60 London Wall,
London, EC2M 5TQ.
The Annual Report and the Notice of
the AGM will be posted to shareholders later today. Copies of these
documents will also be available on the Company's
website:
http://www.xerostech.com/investor/resultsandreports/.
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
|
xeros@belvederepr.com
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.