Green textile firm signs licensing agreement opening new markets

Xeros has signed a licensing and distribution agreement with a Turkish distributor that will allow it access to new territories in Europe, Brazil and Mexico, and strengthen ts access to Asia.

The Rotherham firm, which develops technology to reduce the impact of clothing on the environment, has licensed KRM Tekstil Boya San Tic Ltd to distribute and sell machines incorporating its proprietary technology made by Istanbul machine-maker Yilmak Makine.

Yilmak uses Xeros’ XDrum and XOrb technology in denim processing, garment processing and dyeing processes across its range.

Yilmak, headquartered in Istanbul, Turkey, was established in 1968 and is one of the largest manufacturers of garment finishing machines in the world. It exports to more than 35 countries globally and supplies machines to over 500 factories.

The Agreement allows Xeros to significantly increase its market access into new territories including Europe, Brazil and Mexico as well as strengthen its current access into Asia. The Agreement has the potential to deliver substantial revenues over the 10-year term. The textile machinery market is estimated to be worth $52 billion by 2033.1

Approximately 2 billion pairs of jeans are manufactured globally every year and Xeros’ technology significantly reduces the volume of water, chemistry and cycle time used in the finishing processing of raw denim jeans into consumer products.

Neil Austin, CEO of Xeros, said: “The apparel industry is estimated to consume over 93 billion cubic metres of water every year in the production of clothing.2 In an industry under increasing pressure from both consumers and legislators to reduce its impact on the planet, technologies like ours can make a significant impact. We are very pleased to have signed a further contract with like-minded partners that enables us to continue bringing our technologies into the global market.”

Under the terms of the Agreement, Xeros will receive a royalty per XDrum machine sold by KRM as well as supplying it with XOrbs.