Change of Adviser

RNS Number : 8663R

Xeros Technology Group plc

31 October 2019

 

 

Xeros Technology Group plc

("Xeros", the "Group" or the "Company")

Change of Adviser

Xeros Technology Group plc (AIM: XSG), the developer and provider of patented water saving and filtration products with multiple commercial applications, is pleased to announce the appointment of finnCap as Nominated Adviser and Sole Broker to the Company with immediate effect.

For further details:

Xeros Technology Group plc Mark Nichols, CEO Paul Denney, CFO www.xerostech.com	Tel: [phone]
finnCap Julian Blunt, Teddy Whiley (Corporate Finance) Andrew Burdis, Sunila de Silva (ECM) www.finncap.com	[phone]
Instinctif Partners Adrian Duffield, Chantal Woolcock & James Gray	[phone]

Notes for editors:

About Xeros Technology Group plc

Xeros Technology Group plc is a platform technology Group that is transforming water intensive industrial and commercial processes.

Xeros' patented XOrbTM technologies significantly reduce the amount of water used in the washing or dyeing of soft substrates such as garments and fabrics. It enables the remaining water to become far more efficient  and effective in either affixing or removing molecules, the result being significant improvements in economic, operational, product and sustainability outcomes. The Group is applying its technology in the fields of cleaning, tanning and textiles.

Xeros' XDrumTM technology is a patented, simple, low cost machine drum design which enables XOrbs to be introduced into and subsequently removed from process cycles in Xeros' chosen markets. The design enables rotating drum machine Original Equipment Manufacturers ("OEMs") in the fields of garment manufacture and cleaning, the ability to make simple and low cost changes in their production lines to incorporate the Company's XOrb technology.

The Group has signed multiple agreements to develop and license its XDrum and XOrb products in major commercial and domestic markets.

XFiltraTM is a patented in-machine filtration technology which is designed to prevent harmful micro-plastics generated by washing cycles from being released into the aquacycle. Plastics released from synthetic clothing during washing cycles is one of the single largest sources of primary micro-plastic pollution.

 

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