07:00 Thu 19 Mar 2020
Xeros Tech Grp plc - Licensing Agreement With Leading Asian OEM
Licensing agreement with leading Asian OEM for garment finishing
The agreement provides Ramsons with an exclusive license for the manufacture and sale of Xeros-enabled garment finishing and dyeing equipment in
Denim finishing will be the first application to be commercialised under the agreement. Xeros and Ramsons are currently developing cycles on a 5,000 litre XDrum™ machine ahead of trials with major denim manufacturers. The first sales of machines are anticipated in the second half of 2020, albeit with limited revenue impact this year.
About 1.2 billion pairs of jeans are manufactured globally every year. Xeros' technology significantly reduces the volume of water, chemistry and cycle time used in the processing of raw denim jeans into consumer products.
"The process of making garments, and especially denim, is putting enormous pressure on our natural environment. It consumes vast amounts of water and other raw materials whilst producing chemical and greenhouse gas emissions.
"Working together with Ramsons to embed our products in their garment finishing equipment, we have an opportunity to significantly improve the sustainability of the clothes we all wear.
"This agreement is our first in apparel production and it validates our efforts to prove that our innovative technologies can have a significant impact in the sector."
"Protecting the earth's natural resources and our precious environment is the mantra of sustainability.
"Across India and
"By embedding Xeros' products in our equipment our clients will save water, energy and reduce harmful emissions. It represents the best option for sustainability."
ENDS
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Tel: 0114 321 6328
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finnCap Limited (Nominated Adviser, Broker)
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Tel: 020 7220 0570 |
Notes to Editors
Xeros' patented XOrbTM technologies significantly reduce the amount of water used in the washing or dyeing of soft substrates such as garments and fabrics. They enable the remaining water to become far more efficient and effective in either affixing or removing molecules, the result being improvements in economic, operational, product and sustainability outcomes. The Group is applying its technology in the fields of cleaning, tanning and textiles.
Xeros' XDrumTM technology is a patented, simple, low cost machine drum design which enables XOrbs to be introduced into and subsequently removed from process cycles in Xeros' chosen markets. The design enables rotating drum machine Original Equipment Manufacturers ("OEMs") in the fields of garment manufacture and cleaning, the ability to make simple and low cost changes in their production lines to incorporate the Company's XOrbTM technology.
The Group has signed multiple agreements to develop and license its XDrumTM and XOrbTM products in major commercial and domestic markets.
XFiltraTM is a patented in-machine filtration technology which is designed to prevent harmful micro-plastics generated by washing cycles from being released into the aquacycle. Plastics released from synthetic clothing during washing cycles is one of the single largest sources of primary micro-plastic pollution. For more information, please visit - http://www.xerostech.com/
About Ramsons
For more information, please visit - http://www.ramsonsindia.com/
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