19 September
2024
Xeros Technology Group
plc
('Xeros",
the "Company" or the "Group")
Notice of Results and Online
Presentation
Xeros Technology Group plc (AIM: XSG), the
creator of technologies that reduce the impact of clothing on the
planet, will announce its half year results for the six months
ended 30 June 2024 on Monday, 30 September 2024.
An online investor presentation and Q&A
session will be hosted live, on the same day, by Neil Austin, CEO,
and Alex Tristram, Finance Director, with an introduction from the
Group's Chairman, Klaas de Boer.
The presentation will commence at 1.15pm on the
Investor Meet Company ("IMC") platform. Registered investors,
who follow Xeros on IMC, will be invited automatically, everyone
else should register at:
https://www.investormeetcompany.com/xeros-technology-group-plc/register-investor
Enquiries
|
Xeros Technology Group
plc
Neil Austin, Chief
Executive Officer
Alex Tristram, Finance
Director
|
via Rawlings
Financial
|
|
Cavendish Capital Markets Limited
(Nominated Adviser and Broker)
Julian Blunt/Teddy
Whiley, Corporate Finance
Andrew Burdis/Sunila
de Silva, ECM
|
Tel: 020 7220
0570
|
|
Rawlings Financial PR
Limited
Cat
Valentine
|
xeros@rfpr.com
mob: 07715 769
078
|
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 eight 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.