Xeros Technology Group plc Notice of AGM and Posting of Annual Report

RNS Number : 2744K

Xeros Technology Group plc

27 May 2025

 

27 May 2025

 

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 Thursday 19 June 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, Director of Finance	Tel: [phone]
Cavendish Capital Markets Limited (Nominated Adviser and Broker) Julian Blunt/Teddy Whiley, Corporate Finance Andrew Burdis/Sunila de Silva, ECM		Tel: [phone]
Rawlings Financial PR Limited Keeley Clarke Cat Valentine	Mob: [phone] Email: [e-mail]

 

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, Microfibre Filter, Laundry Care, and Garment Finishing, 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 Microfibre Filter, Laundry Care, and Garment Finishing are estimated to be valued at £350m p.a., £3bn p.a. and £132m p.a. respectively.

 

 

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