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Xeros Technology Group plc

23 April 2015

 



23 April 2015

Xeros Technology Group plc

Sixty-one Forward Channel Partners sign up at Clean Show 2015 to join North American Commercialisation Programme

Xeros Technology Group plc (AIM: XSG, "Xeros" or "the Group"), the innovative developer of a patented polymer bead cleaning system with multiple identified commercial applications, has added 61 Forward Channel Partners during the biennial industry Clean Show in Atlanta. This will enable Xeros to capitalise on the increasing demand for its commercial laundry offering.

Xeros' Forward Channel Partner programme, launched at the Clean Show, is creating a broad sales network across North America of established laundry industry players.  This network will also support installed Xeros machines, delivering the "final mile" of the Xeros Sbeadycare® service and extending  the Group's own customer service capabilities.

Xeros' new Channel Partners will expand the reach of the Group's high quality service proposition, Xeros Sbeadycare®, which offers a 'one-stop-shop' provision of Xeros machines, beads, detergent and maintenance.

Bill Westwater, Chief Executive of Xeros Technology Group, said:

"The material expansion of our Forward Channel Partner programme is an exciting and significant development for us.  Our 61 new partners expand our sales and service capabilities substantially and will enable us to capitalise further on the growing interest in our commercial and environmental proposition across North America.

"Our Forward Channel Partner network will help accelerate the roll-out of our superior bead cleaning technology across US commercial laundry businesses, increasing the number of installed and committed to be installed machines, and  as importantly securing the long term, embedded service revenues that Xeros Sbeadycare® provides.

"The tremendous interest shown in Xeros at the Clean Show is testament to the immediate relevance of our proposition to the commercial laundry market and is complemented by the financial incentives to install energy efficient Xeros machines now being offered by 13 utility companies ."

www.xeroscleaning.com

For further information, please contact:

Xeros Technology Group plc	Via Instinctif Partners
Bill Westwater, Chief Executive Officer Chris Hanson, Finance Director
Jefferies International (Nominated Adviser)	Tel: [phone]
Simon Hardy / Harry Nicholas
Instinctif Partners	Tel: [phone]
Helen Tarbet / James Gray

About Xeros

Xeros has developed a patented polymer bead cleaning system with multiple identified potential commercial applications. The Group has targeted the commercial laundry market and has begun the roll-out of 25kg capacity washing machines which exclusively use Xeros' patented polymer bead cleaning system. In trials with customers, this system has been shown to achieve superior cleaning performance as well as material reductions in water, energy and chemical usages compared to conventional laundry methods. The Xeros proprietary polymer bead cleaning system also reduces the carbon footprint of the entire laundry process. In addition to the commercial laundry market, the Group's polymer bead technology has a range of potential applications in other industries including domestic laundry, leather processing, garment finishing and metal cleaning. The Group is currently in various stages of development and preparation for commercialisation of other identified applications, the most advanced of which is domestic laundry.

 

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