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Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the developer and provider of water saving technologies with multiple commercial applications, announces that Dr. Richard Ellis has resigned as a non-executive director with immediate effect.

Richard is stepping down in line with his retirement plans.

David Armfield, Chairman, said:

"I would like to thank Richard for his contribution over the last four and a half years and we wish him well in his retirement. During this period Xeros has developed from being a single application in a single market to one with a range of products being progressively licensed in multiple geographies."

Enquiries:

Xeros Technology Group plc	Tel: 0114 321 6328
David Armfield
Jefferies International Limited (Nominated Adviser and Joint Broker)	Tel: 020 7029 8000
Simon Hardy / Will Soutar
Berenberg (Joint Broker)	Tel: 020 3207 7800
Chris Bowman / Ben Wright / Laure Fine
Instinctif Partners	Tel: 020 7457 2020
Adrian Duffield / Kay Larsen

 

About Xeros

Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes.

Xeros' uses its patented XOrbTM technologies to significantly reduce the amount of water used in a number of major applications with the remaining water becoming far more efficient in either affixing or removing molecules from substrates such as fabrics and garments. The result being significant improvements in economic, operational and sustainability outcomes.

Xeros has three divisions working in the garment finishing (Textile Technologies), tanning (Tanning Technologies, branded Qualus) and cleaning/laundry (Cleaning Technologies) markets. In cleaning/laundry, the company has three applications covering domestic laundry, commercial laundry (branded "Hydrofinity") and the cleaning of high-performance workwear (branded "Marken").

 

For more information, please visit - http://www.xerostech.com/