Xeros will complete polymer bead trials in tannery by mid-year
22/03/2016
Over those five months, revenues increased to £744,000, compared to £95,000 for the same months in 2014.
Despite the company’s main early commercial focus being on the laundry business, with 200 installations of its polymer-bead laundry system in place by the end of February 2016, Xeros said on releasing its results that its interest in the leather industry remains keen.
In a statement it said full-scale leather processing trials are continuing at “a leading European tannery”. Xeros said these trials are part of a joint development agreement with leather chemicals manufacturer Lanxess. The two companies signed this agreement in May 2015.
Chief executive, Mark Nichols, said in the statement: “Our full-scale [tannery] trials are on track and are scheduled to be completed around the middle of the year. We anticipate that these trials will show that our polymer beads, which were specifically designed for this application, deliver economic, operational and sustainability improvements. Studies to identify new potential applications are also progressing on schedule and are providing further evidence that we possess a platform technology.”
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