Xeros Technology Group appoints Klaas de Boer as Chairman alongside David Armfield stepping to Senior Independent Director

– UK, Rotherham –  Xeros Technology Group Plc (LON: XSG), the developer and provider of water saving and filtration technologies with multiple commercial applications, today announced the appointment of Klaas de Boer as Chairman while David Armfield has moved to the position of Senior Independent Director.

“We are very pleased to announce the appointment of Klaas de Boer as Chairman of our Board. Klaas brings a wealth of experience in the funding and commercialisation of innovative products and important business connections including those within the COFRA group,” said Mark Nichols, Chief Executive.

“We are also delighted that David Armfield has taken up the role of Senior Independent Director. I and the Board thank David for his Chairmanship during 2019, a period when the Company achieved a number of major milestones and materially completed its migration to a license based business,” he added.

About Klaas de Boer

Klaas de Boer is the Managing Partner of Entrepreneurs Fund Management LLP, a partnership whose sole activity is to advise Entrepreneurs Fund General Partner Limited being the general partner of Entrepreneurs Fund LP. Entrepreneurs Fund owns 224,253,474 ordinary shares in the Company, representing 28.6% of the total voting rights. The fund is one of a number of enterprises owned by the COFRA group.

Klaas de Boer also holds positions on the boards of Vasopharm, specialising in novel therapeutics for the treatment of cerebro and cardiovascular diseases; General Fusion, a private nuclear fusion company which has raised over $200MM for developing commercial fusion power; and SmartKem, which focuses on organic semiconductor inks for flexible transistor layers driving various types of displays.

About Xeros Technology Group Plc

Xeros Technology Group plc is a platform technology Group that is transforming water-intensive industrial and commercial processes.

Xeros’ patented XOrb technologies significantly reduce the amount of water used in the washing or dyeing of soft substrates such as garments and fabrics. They enable the remaining water to become far more efficient and effective in either affixing or removing molecules, the result being improvements in economic, operational, product and sustainability outcomes. The Group is applying its technology in the fields of cleaning, tanning and textiles.

Xeros’ XDrum technology is a patented, simple, low-cost machine drum design which enables XOrbs to be introduced into and subsequently removed from process cycles in Xeros’ chosen markets. The design enables rotating drum machine Original Equipment Manufacturers in the fields of garment manufacture and cleaning, the ability to make simple and low-cost changes in their production lines to incorporate the Company’s XOrb technology.

XFiltra is a patented in-machine filtration technology which is designed to prevent harmful micro-plastics generated by washing cycles from being released into the aqua cycle. Plastics released from synthetic clothing during washing cycles is one of the single largest sources of primary micro-plastic pollution.

For more information: https://www.xerostech.com

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.