Xeros Technology Group plc Notice of Results and Online Presentation

RNS Number : 7743E

Xeros Technology Group plc

19 September 2024

 

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: [phone]
Rawlings Financial PR Limited Cat Valentine	[e-mail] mob: [phone]

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.

 

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