2 February 2026
Xeros Technology Group plc
("Xeros," the "Group" or the "Company")
Board Change
Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, announces that Rachel Nooney, independent Non-Executive Director, has notified the Company of her intention to step down from the Board with effect from 28 February 2026, to focus on her other business commitments.
The Board would like to thank Rachel for her service to the Company.
Klaas de Boer, Chairman, said: "Rachel has made a very valuable contribution to Xeros over the past four and half years, for which we are very grateful. Her business insight, fresh perspective, and marketing expertise has supported Xeros throughout this period of strategic growth. On behalf of the whole company, we would like to wish her every success in her future endeavors."
Rachel is a member of the Remuneration Committee and the Audit Committee.
With two executives and two independent non-executives, the Board structure and composition is still in line with the QCA Code of Governance. However, it is the Board's intention to bring on a new independent Non-Executive Director in due course.
Enquiries
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Xeros Technology Group plc Neil Austin, Chief Executive Officer Alex Tristram, Director of Finance |
Tel: 0114 269 9656 |
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Cavendish Capital Markets Limited (Nominated Adviser and Broker) Julian Blunt/Teddy Whiley, Corporate Finance Andrew Burdis/Sunila de Silva, ECM |
Tel: 020 7220 0500 |
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Rawlings Financial PR Limited Keeley Clarke Cat Valentine |
Mob: 07967 816 525 Email: Xeros@rfpr.co.uk |
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About Xeros
Xeros Technology plc 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, Microfibre Filter, Laundry Care, and Garment Finishing, 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 eight agreements in place. The addressable markets in Microfibre Filter, Laundry Care, and Garment Finishing are estimated to be valued at £350m p.a., £3bn p.a. and £132m p.a. respectively.