Published on Friday, 21 February 2014
‘Near waterless’ washing bids to raise £40M
Written by John Mowbray
LONDON – 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.