REG - Xeros Tech Grp plc - Alex Tristram joins the Board as Finance Director

Xeros TechnologyAnnouncement

11/03/2024 07:00

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RNS Number : 0372G  Xeros Technology Group plc  11 March 2024

11 March 2024

XEROS TECHNOLOGY GROUP PLC

("Xeros")

AIM: XSG

 

BOARD APPOINTMENT

Alex Tristram joins the Board as Finance Director

 

Xeros, the creator of technologies that reduce the impact of clothing on the
planet, is pleased to announce that Alex Tristram has today joined the Board
as Finance Director.

 

Alex, who joined Xeros as Group Financial Accounting Manager in January 2018,
was appointed Director of Finance (non-board level) and Company Secretary in
March 2023.

 

Prior to joining Xeros, he was Group Accountant and Finance Director of the
Alternative Energy Division at Pressure Technologies PLC, where he also held
the position of Company Secretary.

 

Alex is a Chartered Accountant, having qualified at PWC in 2013.

 

Klaas de Boer, Chairman of Xeros, said:

 

"We are delighted to welcome Alex to the Board. He has played a key role in
the transition of the business to the licensing model and helped us navigate
some very challenging economic conditions during the pandemic.

 

"Since becoming Director of Finance last year, he has demonstrated strong
leadership and financial acumen which will continue to benefit the Group as we
progress the commercialisation of our technologies."

 

Further information relating to Alex Tristram

 

The following information regarding the appointment of Alexander William Roger
Tristram, aged 37, is disclosed under Schedule 2(g) of the AIM Rules for
Companies:

 

 Current directorships and/or partnerships:    Former directorships and/or partnerships (within the last five years):
 Lenny's Legacy (Trustee, registered charity)

 

There is no further information to be disclosed in relation to the director
appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM
Rules.

 

Enquiries

 

 Xeros Technology Group plc             Tel: 0114 269 9656

 Neil Austin, Chief Executive Officer

 Alex Tristram, Director of Finance

 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 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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