Xeros completes tannery trials

RNS Number : 3061Y

Xeros Technology Group plc

16 May 2016

Xeros Technology Group plc

Full scale trial of Xeros' technology in leather processing completed

Xeros Technology Group plc (AIM: XSG, 'Xeros' or 'the Group'), the innovative developer of patented polymer bead systems with multiple identified commercial applications, has successfully completed a full scale trial of its technology within a leading tannery.

The trial was part of a multi-phase joint development agreement with LANXESS Deutschland GmbH to advance the application of Xeros' patented polymer bead technology in the leather processing industry.

The full scale trial which was conducted by a leading independent tannery has shown that material reductions in water, chemistry and effluent are achievable by using Xeros' technology in the retanning and dyeing phase of leather processing. When Xeros' technology was applied to this phase of the process, the water used and the effluent generated were reduced by over 50%. The leather produced was judged to be of excellent quality in terms of look, feel, and handle.

The Group intends to continue further trials to determine the maximum potential of its technology in this field whilst simultaneously progressing its commercialisation plan.

Mark Nichols, Chief Executive of Xeros, said:

"This is an important development which hails a step change in the sustainability of the leather processing industry.

"This successful trial provides encouraging evidence of the momentum building across the Group's activities and demonstrates another application of our platform technology."

Note:

Leather processing involves four phases: beamhouse, tanning, retanning & dyeing and finishing. The trial just concluded focussed on the third phase in the process.

For further information, please contact:

Xeros Technology Group plc Via Instinctif Partners

Mark Nichols, Chief Executive

Chris Hanson, Chief Financial Officer

www.xeroscleaning.com

Jefferies International (Nominated Adviser and Joint Broker) Tel: 020 7029 8000

Simon Hardy / Harry Nicholas

www.jefferies.com

Berenberg (Joint Broker) Tel: 020 3207 7800

Chris Bowman / Ben Wright / Amritha Murali

www.berenberg.com

Instinctif Partners (Financial PR) Tel: 020 7457 2020