Xeros Technology Group aim to raise £20m for water saving product development

Recently the Xeros Technology Group – a developer and provider of patented polymer based technologies with multiple commercial applications – launched a share issue to raise around £20m in order to fund the development of new products including washing machines and work-wear.

Chief Executive Mark Nicols explains: “These additional funds will allow us to continue to execute on our IP-rich, asset-light strategy to commercialize our technologies, which address the key global environmental issues of water scarcity and pollution”.  The funds will be used to negotiate commercialization and development agreements with domestic laundry machine manufacturers for its water saving technologies.