Xeros Technology Group plc announced the signing of a third licensing agreement for its XFilter filtration technology with another global component manufacturer, (the Partner or Manufacturer). Following the announcements of signed agreements with Hanning in June 2022, and a second supplier announced earlier this month, this third agreement further increases Xeros' market access, with the potential to deliver substantial revenues over the term of the license. Under the terms of the 10-year, non-exclusive agreement, the Partner is licensed to manufacture and sell filters incorporating Xeros' proprietary XFilter technology on a global basis.

As with the first two agreements Xeros will receive a royalty per filter device sold by the Partner. The Manufacturer, headquartered in Northern Europe with production facilities across the US, Asia, and Europe, is a significant supplier of home appliance components alongside waste management solutions with annual turnover of EUR180 million. The Partner supplies components for the world's largest domestic washing machine manufacturers, with a high proportion of its customers, including Haier, Midea, LG, Panasonic, Samsung and Whirlpool, operating across the US and Asia markets.

The XFilter filtration technology enables washing machine manufacturers to provide consumers with the ability to capture, and easily and safely dispose of, over 90% of microfibres, including microplastics released during laundry cycles. The filters are built into the washing machine and are designed to last the life of a machine. Legislation in France requiring the fitting of microfibre filters in all domestic washing machines will come into effect on 1 January 2025.

Similar legislation is in development in the UK, California, and the EU.