Xeros Technology Group plc
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, today announces that Rachel Nooney joins the Board as a non-executive director.
Rachel Nooney is an experienced retail marketing executive having held senior Head of Brand and Marketing roles at New Look and Marks & Spencer plc. Rachel is currently the owner and principal consultant of shoreseven, a strategic marketing consultancy.
Klaas de Boer, Chairman of Xeros, said: "Rachel's strong consumer retail brand and marketing experience and her strong focus on making the fashion industry's supply chain more sustainable will add a new perspective, strengthen the Xeros Board and help drive market adoption of Xeros' platform technologies. We very much welcome her appointment".
Full name: Rachel Louise Nooney
Rachel does not hold any ordinary shares in the Company.
There are no other disclosures required for the purposes paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Xeros Technology Group plc
Mark Nichols, Chief Executive Officer
Paul Denney, Chief Financial Officer
Tel: 0114 321 6328
finnCap Limited (Nominated Advisor & Broker)
Julian Blunt / Teddy Whiley, Corporate Finance
Andrew Burdis / Sunila de Silva, ECM
Tel: 020 7220 0500
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.
The Company's XTend™ technology platform uses XOrbs™ in conjunction with XDrums™ to significantly reduce the amount of water and chemistry used in the dyeing, finishing or laundering of garments and fabrics. XOrbs 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.
XDrum is Xeros' low-cost machine 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 platform 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.
The Company has signed a license agreement with leading commercial laundry equipment manufacturer Girbau for the deployment of XFiltra in commercial laundries and has plans to also license its design into the domestic laundry market.