Make your money go further for just 25p per day

Xeros Technology Group plc (AIM: XSG) – Another exciting development from this fantastic group

23/04/2015 · Xeros Technology Group plc (XSG) 

Xeros Technology Group plc (AIM: XSG) has designed, developed, manufactured and patented a polymer bead cleaning system for use in commercial and domestic laundry. This innovative idea uses polymer beads in a specially designed laundry machine and thus has the potential to revolutionise the laundry industry. The use of polymer beads to clean clothes reduces water usage by over 70% compared to normal washing machines. The lower temperatures required to remove stains using the beads compared to water also allows for a significant reduction in energy. Furthermore, the machine is more efficient at removing stains than normal machines and leaves clothes looking newer for longer due to the lack of water used in the system.

Xeros Technology was founded in 2006 following the research and innovation that came out of the University of Leeds, School of Fashion. Since then the Group have manufactured and tested their products with fantastic results. They have also gained patents both in Europe and the US. Xeros listed on AIM in March 2014 and raised £27.6m at IPO to help fund the roll-out of its products in commercial laundry. Since listing its share price has…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Xeros Technology Group plc

Vaccine countdown update: 25 Nov - a day of frustrating adjustments

25/11/2020 · Company Insights

Listed company results are becoming increasingly hard to understand given the huge number of adjusting items.…


Who should you follow in the IPO lottery?

29/06/2015 · Smallcap Review
With 2014 seeing the highest number of new admissions to AIM since the glory days of…

More Company Insights

Bonkers Bargains: terrific growth and still a bargain

02/10/2024 · Time Finance

50 years of growing dividends | Transformational deals worry us

Sign-up to our free email updates

SIGN UP