Commercial Laundry Technology launches in China

RNS Number : 2935Y

Xeros Technology Group plc

12 May 2021

 

12 May 2021

Xeros Technology Group plc

Xeros Commercial Laundry Technology launches in China

Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the developer and licensor of platform technologies which transform the sustainability and economics of clothing and fabrics during their lifetime, announces that its Chinese license partner, Jiangsu SeaLion Machinery Co., Ltd ("Sea-Lion") has today launched their Hydrology brand comprising a range of commercial washing machines incorporating Xeros' XOrb™ and XDrum™ technologies.

Sea-Lion is the largest commercial washing machine manufacturer in China with sales and service offices in each of China's 30 provinces and in cities such as Beijing, Shanghai, Chongqing and Shenzhen, serving customers in the hotel, industrial laundry, hospital, military and dry-cleaning markets.

Sea-Lion is positioning its Hydrology brand with the most sustainable products available in the market, capable of delivering significant water, energy and chemistry savings whilst extending fabric and garment life.

China is a large and attractive market for Xeros' commercial laundry application with the Company's research indicating that approximately 27,000 commercial washing machines are sold across the nation every year with water rates increasing significantly for industrial users in many parts of the country.

In line with the Board's expectations, Xeros will receive a mid to high single digit percentage royalty for these machine sales as well as royalties for the ongoing use of XOrbs by SeaLion's customers.

Mark Nichols,  Chief Executive of Xeros commented:

"This product launch represents the first deployment of our XOrb and XDrum technology platform in the commercial laundry market. These technologies have been proven to greatly reduce resource consumption whilst bringing unparalleled cleaning and fabric care benefits.

"SeaLion's long-standing commitment to improving both the sustainability and economics of the laundry industry has made them an exemplary license partner for Xeros. Their Hydrology range of products will deliver a step change in performance in the commercial laundry industry and will help the world wear better."

  Enquiries : 

Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer	Tel: [phone]
finnCap Limited (Nominated Advisor & Broker) Julian Blunt / Teddy Whiley, Corporate Finance Andrew Burdis / Sunila de Silva, ECM	Tel: [phone]

Notes to Editors

Xeros Technology Group plc has developed and licenses two platform technologies which transform sustainability, performance and economics in the manufacturing and laundering of garments and fabrics.

Xeros' patented XOrbs™ which are used in conjunction with the company's XDrum™ technology significantly reduce the amount of water and chemistry used in the dyeing, finishing or laundering of garments and fabrics. They increase the efficiency of these processes which require molecules to be either affixed or removed from substrates. In the case of laundry, they are proven to significantly increase the life of clothes and fabrics.  The results being major improvements in economic, operational, product and environmental outcomes.

Xeros' XDrum technology is a low-cost machine drum design which enables XOrbs to be introduced into and subsequently removed from process cycles. The design provides Original Equipment Manufacturers with the ability to make simple changes to their products to incorporate the Company's XOrb technology.

The Group has signed multiple license agreements for its XDrum and XOrb technologies with leading OEMs in major commercial and domestic markets.

XFiltra™ is the Company's proprietary washing machine filtration technology which prevents harmful microfibres including microplastics, generated during washing cycles, from being released into the world's rivers and oceans.  Microfibres released into the environment from clothing and fabrics during their laundering, being a major source of pollution in the environment and contamination in the food chain.

 

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