Xeros expands into UAE

RNS Number : 6348Z

Xeros Technology Group plc

04 September 2018

 

RNS Reach

4^th September 2018

Xeros Technology Group plc

Xeros to supply UAE with near-waterless commercial washing machines

Xeros Technology Group plc (AIM:XSG, 'the Group', 'Xeros'), the UK-headquartered technology business and innovator of a near-waterless laundry system, announces the supply of 32 near-waterless washing machines to Encom Trading LLC, a wholly owned subsidiary of Electro RAK, a leading UAE-based infrastructure services company and the appointed partner in the UAE to Hydrofinity, Xeros' cleaning technologies brand.

Electro RAK intends to install machines in premium hotels in the UAE. The first shipment will be made to Dubai during September.

The Xeros solution marks an unprecedented step forward for the commercial laundry industry, replacing water with its reusable XOrb^TM technology to deliver up to an 80% reduction in water use and material reductions in both energy and detergent, whilst delivering a superior cleaning result and extended linen life.

The UAE faces critical water management challenges, given the inherent scarcity of groundwater and growing pressure on desalination and waste water infrastructures. In 2018, the country's Environment Agency warned that useable groundwater is expected to be fully depleted within 55 years at current rates of use.

Despite these conditions, the UAE has one of the highest per capita water consumption rates in the world. The cost burden of future-proofing the country's water infrastructure has led to growing tariffs for businesses and residents.

This agreement follows the recent shipment of 16 near-waterless washing machines to the Cape Province region of South Africa.

Mike Ferrand, Managing Director, Hydrofinity, said:

"Against the regional backdrop of water stress and high water prices, our near-waterless technology offers material sustainability benefits to customers in Dubai and across the UAE.

"We are ideally placed to help commercial customers significantly reduce water consumption and make material utilities cost savings, thereby delivering a positive economic and environmental impact."

-Ends-

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 / Will Soutar	Tel: [phone]
Berenberg (Joint Broker) Chris Bowman / Ben Wright / Laure Fine	Tel: [phone]
Instinctif Partners Adrian Duffield / James Gray	Tel: [phone]

About Xeros - 'Xeros uses less water to do more'

Xeros Technology Group plc is a platform technology company that is reinventing water intensive industrial and commercial processes. Xeros is currently working to radically improve economics and sustainability of manufacturing processes used in garment and fabrics and in their subsequent life cycle of cleaning.

Xeros uses its patented reusable and recyclable XOrb technologies to significantly reduce the amount of water used in a number of major applications with the remaining water becoming far more efficient and effective in either affixing or removing molecules from substrates such as fabrics and garments. The result being significant improvements in economic, operational and sustainability outcomes that are unattainable with traditional processes.

Xeros is organised in three divisions; Textile Technologies addressing garment finishing and dyeing markets, Tanning Technologies addressing the Leather industry and Cleaning technologies comprising domestic laundry, commercial laundry (recently branded "Hydrofinity") and the cleaning of high performance workwear (branded "Marken").

 

END

 

 

NRAUOONRWOAKRAR