REG - Xeros Tech Grp plc - Notice of AGM and Posting of Annual Report

Xeros TechnologyAnnouncement

30/05/2024 10:00

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RNS Number : 4550Q  Xeros Technology Group plc  30 May 2024

30 May 2024

 

Xeros Technology Group plc

('Xeros" or the "Company")

 

Notice of AGM and Posting of Annual Report

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce
the impact of clothing on the planet, announces that its Annual General
Meeting ("AGM") will be held on Tuesday, 25 June 2024 at 10.00 am, at  the
offices of Squire Patton Boggs (UK) LLP, 60 London Wall, London, EC2M 5TQ.

 

The Annual Report and the Notice of the AGM will be posted to shareholders
later today. Copies of these documents will also be available on the Company's
website:

 http://www.xerostech.com/investor/resultsandreports/
(http://www.xerostech.com/investor/resultsandreports/) .

 

Enquiries

 

 Xeros Technology Group plc             Via Belvedere

 Neil Austin, Chief Executive Officer

 Alex Tristram, Finance Director

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)          Tel: 020 7220 0570

 Julian Blunt/Teddy Whiley, Corporate Finance

 Andrew Burdis/Sunila de Silva, ECM

 Belvedere Communications               xeros@belvederepr.com (mailto:xeros@belvederepr.com)

 Cat Valentine                          Mob: 07715 769 078

 Keeley Clarke                          Mob: 07967 816 525

 

About Xeros

 

Xeros Technology plc has developed patented and proven, industry-leading
technologies which reduce the environmental impact of how industries make and
care for clothes.

 

The traditional wet processing methods used in industrial and domestic laundry
and garment manufacturing consume billions of litres of fresh water and large
amounts of energy and chemicals, as well as damaging and weakening clothing
fibres and creating rising levels of environmental pollution. It is estimated
that washing machines contribute 35% of the 171 trillion microplastic
particles in the ocean.

 

A range of actors, including consumers, the media NGOs and regulators are
exerting pressure on these industries, with legislative action beginning to be
taken.

 

Xeros' three main technologies, Filtration, Finish, and Care, facilitate
garment manufacturers, industrial laundries, domestic washing machine
manufacturers and consumers, to reduce their environmental impact, whilst also
significantly improving efficiency in the process.

 

Xeros' model is to generate revenue from licensing its technologies,
generating royalties and the sale of consumables. Currently there are 8
agreements in place. The addressable markets in Filtration, Finish and Care
are estimated to be valued at £350m p.a., £132m p.a. and £3bn p.a.
respectively.

 

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