Xeros Technology

Xeros has developed a patented polymer bead cleaning system with multiple identified potential commercial applications. The Group has targeted the commercial laundry market and has begun the roll-out of 25kg capacity washing machines which exclusively use Xeros' patented polymer bead cleaning system. In trials with customers, this system has been shown to achieve superior cleaning performance as well as material reductions in water, energy and chemical usages compared to conventional commercial laundry methods. The Xeros proprietary polymer bead cleaning system also reduces the carbon footprint of the entire laundry process. In addition to the commercial laundry market, the Group's polymer bead technology has a range of potential applications in other industries including domestic laundry, leather processing, garment finishing and metal cleaning. The Group is currently in various stages of development and preparation for commercialisation of other identified applications, the most advanced of which is domestic laundry
Type
Public
HQ
Catcliffe, GB
Founded
2006
Employees
65 (est)

Xeros Technology Locations

Catcliffe, GB
Manchester, US

Xeros Technology Metrics

Xeros Technology Summary

Founding Date

2006

Market capitalization

£167 M

Closing share price

£1.96

Xeros Technology Financials

FY, 2013FY, 2014FY, 2015

Revenue

£65 K£312 K£466 K

Revenue growth, %

380.0%49.4%

Cost of sales

£53 K£294 K£399 K

Gross profit

£12 K£18 K£67 K

Gross profit Margin, %

18.5%5.8%14.4%

Operating expense total

£3.47 M£6.79 M£10.9 M

Xeros Technology Market Value History

Xeros Technology News

Xeros Technology Company Life

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