REG - Xeros Tech Grp plc - Notice of Results and Online Presentation

Xeros TechnologyAnnouncement

19/09/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240919:nRSS7743Ea&default-theme=true

RNS Number : 7743E  Xeros Technology Group plc  19 September 2024

19 September 2024

 

Xeros Technology Group plc

('Xeros", the "Company" or the "Group")

 

Notice of Results and Online Presentation

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce
the impact of clothing on the planet, will announce its half year results for
the six months ended 30 June 2024 on Monday, 30 September 2024.

 

An online investor presentation and Q&A session will be hosted live, on
the same day, by Neil Austin, CEO, and Alex Tristram, Finance Director, with
an introduction from the Group's Chairman, Klaas de Boer.

 

The presentation will commence at 1.15pm on the Investor Meet Company ("IMC")
platform.  Registered investors, who follow Xeros on IMC, will be invited
automatically, everyone else should register at:

 

https://www.investormeetcompany.com/xeros-technology-group-plc/register-investor
(https://www.investormeetcompany.com/xeros-technology-group-plc/register-investor)

 

Enquiries

 

 Xeros Technology Group plc                                        via Rawlings Financial

 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

 Rawlings Financial PR Limited                                     xeros@rfpr.com

 Cat Valentine                                                     mob: 07715 769 078

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 eight
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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NOREAPNPFEPLEFA