19:09 BST 11/12/2024
Xeros Technology plc has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes.
In industrial and domestic laundry and garment manufacturing, traditional wet processing methods use billions of litres of fresh water, large amounts of energy and chemicals, damage and weaken fibres, and create environmental pollution. It is estimated that washing machines contribute 35% of the 171 trillion microplastic particles in the ocean.
A range of factors are exerting pressure on these industries, including consumers, the media, NGOs and regulators, with legislative action beginning to be taken.
Xeros’ three main technologies Laundry Care System, Microfibre Pollution Filter and Garment Finishing System facilitate garment manufacturers, industrial laundries, and domestic washing machine manufacturers to reduce their environmental impact, whilst also significantly improving efficiency in the process.
Xeros’ model is to generate revenues from licence fees and royalties. Currently, there are 9 agreements in place. The addressable markets for the Laundry Care System, Microfibre Pollution Filter and Garment Finishing System are estimated to be £350m, £132m and £3B respectively.
Xeros Technology is business-ready with market change being driven both top down and bottom up.
AN OVERVIEW OF XEROS
In this video CEO, Neil Austin, and Director of Finance, Alex Tristram, provide an overview for investors of the Group’s technologies and the opportunities. Interview and video by PI World.
XEROS TECHNOLOGY IN CONVERSATION
Following publication of our interim results for the year to 31 December 2024, our CEO, Neil Austin, and Finance Director, Alex Tristram, presented the latest update for Xeros Technology and answered investors questions.
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RESULTS PRESENTATION
The presentation covers operational and commercial progress, and momentum into 2024.