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Xeros Technology Group PLC on Wednesday said it has inked a ‘breakthrough’ agreement to develop a laundry care machine with one of the ‘world’s largest’ branded washing machine manufacturers. Shares in the Rotherham, England-based laundry technology developer rose 16% to 1.74 pence on Wednesday afternoon in London. Xeros Technology said the ‘breakthrough launch agreement’ will see it develop a domestic washing machine under the manufacturer’s global brand, utilising its Laundry Care technology and Product Certification Mark. The company did not name the commercial manufacturer, owing to ‘commercial sensitivity’, but said they are a ‘top ten brand’ that sells around seven million domestic washing machines annually, operating predominantly across North and Latin America. The goal of the agreement, said Xeros, is for the mass production of machines utilising its technology, XDrum and XOrbs, under the manufacturers brand, ‘with the inclusion of Xeros, as a sub-brand, by way of its product certification mark’. Xeros said the deal will follow a paid-for, time-bound process, possessing defined milestones and deliverables. It expects it to compete in 12-18 months. It added that following completion, revenue will be earned from a royalty payment for each product certification mark used, and from the sale of XOrbs. ‘The agreement to develop a Laundry Care machine with a top ten global brand is a game changer for the group and on a personal level the key moment I have been working towards since joining the business. We are absolutely thrilled to be working with them and believe this is the strongest evidence yet for the global adoption of Xeros’ Care Technology,’ said Chief Executive Neil Austin. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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