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Xeros machineLONDON – A UK company, which makes industrial washing machines that replace the use of large amounts of water with special nylon polymer beads, is to float on the AIM stock exchange in a bid to raise up to £40 million. The company, Xeros, which recently joined the Sustainable Apparel Coalition, will use this new funding to help commercialise a domestic version of its industrial machine for washing everyday clothes and textiles.The technology, which Ecotextile News first flagged up in 2007, has significant environmental benefits.

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Founded in 2006, Ecotextile News is the environmental magazine for the global textile and fashion industries and provides unrivalled daily coverage, comment and expertise in both print and online formats.

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