Development agreement signed with OEM

First Symphony Project development agreement signed with major OEM

Xeros Technology Group plc (AIM: XSG, 'Xeros'), the developer and provider of polymer based technologies with multiple commercial applications, has signed its first Symphony Project development agreement with a leading manufacturer of commercial washing machines ('the OEM').

The OEM is a leader in commercial laundry machines with a significant presence in many major markets across the world. Under the terms of the development agreement, Xeros will incorporate its 'open source' technology in the OEM's machine for the purposes of technical validation and testing. Following the testing phase the parties anticipate the commencement of commercial negotiations.

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