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Xeros signs deal with garment finishing equipment supplier

Sep '19
Pic: Xeros Technology Group
Pic: Xeros Technology Group
Xeros Technology Group has signed a binding Heads of Terms agreement with Ramsons Garment Finishing Equipment Pvt Ltd. Under the agreement, Ramsons will develop, manufacture and sell garment finishing equipment used in manufacture of denim jeans, which incorporates Xeros' technology, on an exclusive basis across South Asia and Africa early next year.

The scope of the agreement is to integrate Xeros' XOrb and XDrum products across Ramsons' range of denim processing machines which are produced at drum sizes from 500 litres to 5,000 litres. Xeros expects to finalise a commercial agreement with Ramsons in Q4 2019 with the garment finishing equipment incorporating Xeros’ technology to be available in the market by end of Q1 2020, said Xeros in a press release.

The agreement also has potential to incorporate Xeros' XFiltra technology, which is being scaled up for use in industrial sized machines.

"Our agreement with Ramsons is yet another major milestone in the commercialisation of our technologies under a license model, and the first with an OEM in the textiles market, said Mark Nichols, CEO of Xeros.

The clothing industry is the second largest user of water on the planet, with each litre of water consumed also ending up as effluent, often containing unused chemical and particulate matter. By incorporating Xeros' products in their machines, Ramsons have the capacity to make a significant contribution to extending precious resources throughout South Asia and Africa."

Ramsons is the largest supplier of garment finishing equipment in South Asia. It has four production facilities and 15 service centres across six countries.

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

Xeros' patented XOrb technologies significantly reduce the amount of water used in a number of major applications with the remaining water becoming far more efficient in either affixing or removing molecules from substrates such as fabrics and garments. The result being significant 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 used to apply XOrbs in world scale commercial and domestic markets and has signed multiple agreements to license its products.

XFiltra is Xeros' in machine filtration technology which enables major reductions in the amount of microfibres being released from washing machines into the marine environment. (PC)

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September 2019

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