If successful, the agreement allows for both parties to discuss commercialisation terms for the development and future deployment of Xeros' technologies across a broad range of products. The scope of the JDA is to prove the technical and commercial benefits of Xeros' proprietary XOrb and XDrum technologies in garment production.
"We have now secured third party endorsement across all our three divisions - cleaning, tanning and now textiles. Today's announcement is a major milestone in the application of our technology in one of the world's largest water consuming industries. Almost every garment produced in the world is subject to finishing techniques which consume vast amounts of water as well as chemistry, producing significant amounts of effluent in the process," Mark Nichols, chief executive of Xeros said.
The announcement comes after Xeros signed an exclusive agreement to develop and license its domestic and commercial washing machine technologies to IFB Industries Limited ('IFB'), India's leading domestic appliance and commercial laundry equipment supplier in South Asia.
"We expect our agreement with Crystal International to prove out, at scale, the considerable improvements in sustainability and cost delivered by our technologies and the multiple ways in which they can be applied in the production of garments. We expect to sign further agreements with leading garment manufacturers during 2019," added Nichols. (RR)
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