Shares in Xeros Technology Group PLC (AIM:XSG) surged 40% in early trading after the company announced a major breakthrough in commercialising its eco-friendly washing technology.
Xeros has signed a letter of intent with a leading electronics distributor for its XF3 microfibre filter, which will be sold in major UK retail outlets under a well-known brand from late 2025.
The company is also in advanced talks with some of the world’s biggest electronics brands, with further partnership announcements expected later this year.
Interest in Xeros’ fabric care technology is accelerating, with four of the largest washing machine manufacturers now in the technical verification stage - a crucial step before signing full development agreements.
Two of these companies are in final-stage evaluations, with commercial launches targeted for 2026.
In early trading, the stock was up 0.28p at 0.8p.