11 March
2024
XEROS TECHNOLOGY GROUP
PLC
("Xeros")
AIM:
XSG
BOARD
APPOINTMENT
Alex Tristram joins the Board
as Finance Director
Xeros, the creator of technologies
that reduce the impact of clothing on the planet, is pleased to
announce that Alex Tristram has today joined the Board as Finance
Director.
Alex, who joined Xeros as Group
Financial Accounting Manager in January 2018, was appointed Director of Finance
(non-board level) and Company Secretary in March 2023.
Prior to joining Xeros, he was Group
Accountant and Finance Director of the Alternative Energy Division
at Pressure Technologies PLC, where he also held the position of
Company Secretary.
Alex is a Chartered Accountant,
having qualified at PWC in 2013.
Klaas de Boer, Chairman of Xeros, said:
"We are delighted to welcome Alex to
the Board. He has played a key role in the transition of the
business to the licensing model and helped us navigate some very
challenging economic conditions during the pandemic.
"Since becoming Director of Finance
last year, he has demonstrated strong leadership and financial
acumen which will continue to benefit the Group as we progress the
commercialisation of our technologies."
Further information relating to Alex
Tristram
The following information regarding
the appointment of Alexander William Roger Tristram, aged 37, is
disclosed under Schedule 2(g) of the AIM Rules for
Companies:
|
Current directorships and/or
partnerships:
|
Former directorships and/or
partnerships (within the last five years):
|
|
Lenny's Legacy (Trustee, registered
charity)
|
|
There is no further information to
be disclosed in relation to the director appointment pursuant to
Rule 17 and Schedule 2, paragraph (g) of the AIM Rules.
Enquiries
|
Xeros Technology Group
plc
Neil
Austin, Chief Executive Officer
Alex
Tristram, Director of Finance
|
Tel: 0114
269 9656
|
|
Cavendish Capital Markets
Limited (Nominated Adviser and Broker)
Julian
Blunt/Teddy Whiley, Corporate Finance
Andrew
Burdis/Sunila de Silva, ECM
|
Tel: 020
7220 0570
|
|
Belvedere
Communications
Cat
Valentine
Keeley
Clarke
|
xeros@belvederepr.com
Mob: 07715
769 078
Mob: 07967
816 525
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About Xeros
Xeros 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 8 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.