Cleaning tech company bags licensing deal with global manufacturer
Rotherham-based cleaning technology business, Xeros, has secured a further licensing agreement for its XFilter filtration technology with a global component manufacturer.
The partner, headquartered in Europe with manufacturing facilities across the globe, is a major supplier of components, with over 300 million household appliances of all types incorporating parts made by this manufacturer currently deployed around the world.
The partner supplies electro-mechanical components for the world’s largest domestic washing machine manufacturers including Haier, Whirlpool, Midea, Miele and Bosch.
Under the terms of the five-year, non-exclusive agreement, the partner is licensed to manufacture and sell filters incorporating Xeros’ proprietary XFilter technology on a worldwide basis.
This will enable 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.
Xeros says this agreement significantly increases its market access and has the potential to deliver substantial revenue over the terms of the deal. Under the terms of the agreement Xeros will receive a royalty per filter device sold by the partner.
Neil Austin, chief executive officer of Xeros, said: “This partnership further demonstrates the belief in the market-leading capabilities of our XFilter technology, and together with the existing Hanning agreement, allows us to reach and supply all of the major OEM’s with filtration technology.
“We look forward to working with our partners to bring XFilter to the global market.”