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| Date | 6 Feb 2025 |
| Time | 07:00:07 |
| Category | Miscellaneous |
| ID | 0873W |
6 February 2025
Xeros Technology Group plc
("Xeros", the "Company" or the "Group")
Online Q&A Session
As noted in yesterday's trading update (RNS Number : 9032V), Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, will host an online Q&A session for investors.
The date and time of that session, which will be hosted by Neil Austin, CEO, and Alex Tristram, Finance Director, has been confirmed as Friday, 7 February 2025, at 9am. It will be held 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
|
Tel: 0114 269 9656 |
|
Cavendish Capital Markets Limited (Nominated Adviser and Broker) Julian Blunt/Teddy Whiley, Corporate Finance Andrew Burdis/Sunila de Silva, ECM
|
Tel: 020 7220 0500 |
|
Rawlings Financial PR Limited Keeley Clarke Cat Valentine |
Tel: 07967 816 525 Email: Xeros@rfpr.co.uk |
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.