Xeros Technology Group plc Xeros launches Symphony Project (7924C)
April 20 2017 - 2:00AM
UK Regulatory
TIDMXSG
RNS Number : 7924C
Xeros Technology Group plc
20 April 2017
20 April 2017
Xeros Technology Group plc
Xeros Launches Symphony Project, Providing 'Open Source' Access
to its Polymer Technology
Xeros Technology Group plc (AIM: XSG, 'Xeros'), the developer
and provider of polymer based technologies with multiple commercial
applications, today announces the launch of Symphony Project,
providing manufacturers of conventional commercial washing machines
with 'open source' access to Xeros' innovative polymer
technology.
Xeros has developed a simple retrofit pedestal that integrates
Xeros' cleaning system into conventional machinery whilst causing
minimal disruption to the manufacturing process. The pedestal,
which is compatible with nearly any size or brand of conventional
commercial washing machine, can be integrated through a relatively
simple process at the end of a manufacturer's production line. This
provides a gateway for the incorporation of Xeros' technology into
any commercial washing machine.
Symphony Project will enable manufacturers to sell their
own-branded products into the market place as well as receiving a
share in the long-term savings that the Xeros technology
delivers.
The development and launch of Symphony is in line with Xeros'
strategy to commercialise its technology with partners who already
have strong market positions whilst enabling Xeros to make a
financial return on its intellectual property and know-how with
relatively low capital intensity.
A website providing a full explanation of Symphony Project is
available here: www.symphonyproject.com
Mark Nichols, Chief Executive of Xeros, said:
"This is a big step forward for us. With a proven technology,
and growing demand for the sustainability, performance and economic
benefits Xeros delivers, Symphony Project will enable us to
significantly accelerate the commercialisation of our
technology."
Enquiries:
Xeros Technology Group plc Tel: 0114 321
Mark Nichols, Chief Executive Officer 6328
Paul Denney, Chief Financial Officer
Jefferies International Limited Tel: 020 7029
(Nominated Adviser and Joint Broker) 8000
Simon Hardy / Harry Nicholas
Berenberg (Joint Broker) Tel: 020 3207
Chris Bowman / Ben Wright / Amritha 7800
Murali
Instinctif Partners Tel: 020 7457
Adrian Duffield / Helen Tarbet 2020
/ James Gray
Notes to Editors
Xeros Technology Group plc (LN: XSG) is a platform technology
company that is reinventing water intensive industrial and
commercial processes by reducing water and chemistry usage with its
polymer technologies. Its patented technologies have the capacity
to provide material economic, operational and sustainability
improvements that are unattainable with traditional processes. The
Group is currently exploiting its intellectual property in three
areas: Cleaning Technologies, Tanning Technologies and Textile
Technologies. Xeros has a number of agreements in place with such
international organisations as BASF, Hilton and Wollsdorf
Leder.
For more information, please visit -
http://www.xerostech.com/
This information is provided by RNS
The company news service from the London Stock Exchange
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