Xeros launches Symphony Project

RNS Number : 7924C

Xeros Technology Group plc

20 April 2017

 

20 April 2017

Xeros Technology Group plc

Xeros Launches Symphony Project, Providing 'Open Source' Access to its Polymer Technology

Xeros Technology Group plc (AIM: XSG, 'Xeros'), the developer and provider of polymer based technologies with multiple commercial applications, today announces the launch of Symphony Project, providing manufacturers of conventional commercial washing machines with 'open source' access to Xeros' innovative polymer technology.

Xeros has developed a simple retrofit pedestal that integrates Xeros' cleaning system into conventional machinery whilst causing minimal disruption to the manufacturing process. The pedestal, which is compatible with nearly any size or brand of conventional commercial washing machine, can be integrated through a relatively simple process at the end of a manufacturer's production line. This provides a gateway for the incorporation of Xeros' technology into any commercial washing machine.

Symphony Project will enable manufacturers to sell their own-branded products into the market place as well as receiving a share in the long-term savings that the Xeros technology delivers.

The development and launch of Symphony is in line with Xeros' strategy to commercialise its technology with partners who already have strong market positions whilst enabling Xeros to make a financial return on its intellectual property and know-how with relatively low capital intensity.

A website providing a full explanation of Symphony Project is available here: www.symphonyproject.com

Mark Nichols, Chief Executive of Xeros, said:

"This is a big step forward for us. With a proven technology, and growing demand for the sustainability, performance and economic benefits Xeros delivers, Symphony Project will enable us to significantly accelerate the commercialisation of our technology."

Enquiries:

Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer	Tel: [phone]
Jefferies International Limited (Nominated Adviser and Joint Broker) Simon Hardy / Harry Nicholas	Tel: [phone]
Berenberg (Joint Broker) Chris Bowman / Ben Wright / Amritha Murali	Tel: [phone]
Instinctif Partners Adrian Duffield / Helen Tarbet / James Gray	Tel: [phone]

Notes to Editors

Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes by reducing water and chemistry usage with its polymer technologies.  Its patented technologies have the capacity to provide material economic, operational and sustainability improvements that are unattainable with traditional processes.  The Group is currently exploiting its intellectual property in three areas: Cleaning Technologies, Tanning Technologies and Textile Technologies. Xeros has a number of agreements in place with such international organisations as BASF, Hilton and Wollsdorf Leder.

For more information, please visit - http://www.xerostech.com/

 

END

 

 

PRLEANLNFAFXEFF