Xeros Technology has announced a \u2018breakthrough launch agreement\u2019 with a top ten global washing machine manufacturer.<\/p>\n
The agreement, with the manufacturer which sells around seven million domestic washing machines annually in North and Latin America, is anticipated to take 12-18 months.<\/p>\n
The deal involves a paid-for process with defined milestones, aiming for mass production of domestic washing machines using Xeros’ laundry care technology.<\/p>\n
Post completion, revenue from the will be generated from royalty payments for each Product Certification Mark used and from the sale of XOrbs.<\/p>\n
Rotherham-based Xeros anticipates similar agreements, with three more global washing machine manufacturers currently undergoing technical verification.<\/p>\n
Neil Austin, CEO said: \u201cThe agreement to develop a Laundry Care machine with a top ten global brand is a game changer for the group and on a personal level the key moment I have been working towards since joining the business. We are absolutely thrilled to be working with them and believe this is the strongest evidence yet for the global adoption of Xeros’ care technology.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Rotherham-based said it has struck a deal with a global manufacturer that sells around seven million domestic washing machines annually <\/p>\n","protected":false},"author":271992,"featured_media":2044037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53262,50204],"coauthors":[137100],"class_list":["post-2144821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-technology","tag-featured-story","tag-yorkshire"],"yoast_head":"\n