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Xeros Ltd: Environmentally Friendly Washing Firm Raises Finance; "Virtually waterless" technology with potential to revolutionise global laundry market
[June 09, 2008]

Xeros Ltd: Environmentally Friendly Washing Firm Raises Finance; "Virtually waterless" technology with potential to revolutionise global laundry market

(M2 PressWIRE Via Acquire Media NewsEdge)

Leeds -- Researchers at the University of Leeds have developed a new
way of cleaning clothes using less than 2% of the water and energy of a
conventional washing machine. This revolutionary technology will
provide alternatives to both domestic washing and dry cleaning,
heralding the world's first "virtually waterless" washing system.

Xeros Limited, a spin-out company from the Universityof Leeds, is
commercialising the technology with some of the biggest names in the
washing and dry-cleaning industries. The Company has recently secured
an investment of just under GBP500,000 from the University's
commercialisation partner, IP Group plc, conditional upon certain
milestones being met.

According to Waterwise, a UK NGO focused on decreasing water wastage in
the UK, washing machine use has risen by 23% in the past 15 years, up
from 3 times a week in 1990 to an average of 4 times a week per
household today. The average UKhousehold uses almost 21 litres of water
daily on clothes washing, 13% of daily household water consumption.
This accounts for approximately 455 million litres of water daily,
enough water to fill 145 Olympic size swimming pools.

The Xeros technology, which uses as little as a cup of water in each
wash cycle, could also bring benefits to other industrial processes
such as wastewater treatment and metal degreasing.

The Xeros process is based on the use of plastic granules (or chips)
which are tumbled with the clothes to remove stains. A wide range of
tests have been carried out according to worldwide industry protocols
to prove the technology performs to the high standards expected in the
cleaning industry. These tests show that the process can remove
virtually all types of everyday stains as effectively as existing
processes whilst leaving clothes as fresh as normal washing. In
addition, the clothes emerge from the process almost dry, thus reducing
the need for tumble-driers.

Tests are currently underway in the dry-cleaning market with a view to
replacing certain solvents that are currently used in dry-cleaning.
Some of these solvents are potentially harmful, having been linked with
certain types of cancer and some are now facing a ban in various states
in the USA. Xeros believes that its new proprietary technology would
eradicate the need for these solvents from dry-cleaning thus providing
safety and monetary incentives for the dry cleaning industry. Xeros
believes that the new technology could be on the UKmarket as early as

Professor Stephen Burkinshaw, the inventor of the Xeros technology and
a founding Director of Xeros, commented: "The performance of the Xeros
process in cleaning clothes has been quite astonishing. We've shown
that it can remove all sorts of everyday stains including coffee and
lipstick whilst using a tiny fraction of the water used by conventional
washing machines. The investment from IP Group will help us to
accelerate the commercialisation of the technology and I look forward
to seeing new washing and dry-cleaning machines that use the Xeros

A typical washing machine uses about 35kg of water for every kg of
clothes that are washed (as well as large amounts of energy to heat the
water and to dry the clothes afterwards). With environmental concerns
becoming increasingly urgent and water becoming an increasingly scarce
resource, there is an urgent need to reduce the amount of water and
energy used for washing clothes.

Dr Rob Rule, Managing Director of Techtran Ltd, IP Group's
Leedsbusiness, and a director of Xeros, said: "This is one of the most
surprising and remarkable technologies I've encountered in recent
years. Xeros has the ability to save billions of litres of water per
year and, we believe, the potential to revolutionise the global laundry
market. "

The potential revenues for machines based on the Xeros technology are
considerable. There are more than two million washing machines sold in
the UKannually, valuing the UKmarket alone at around GBP1bn.

Notes for Editors

About Xeros

Xeros Ltd was established in Feb 2007 in order to exploit a new
patented washing method invented and developed in the Schoolof Designat
the Universityof Leeds. The Company's Founder, Prof Stephen
Burkinshaw, is an internationally-recognised expert in the science of
textiles and dyeing and has created considerable intellectual property
in the area.

The Xeros technology is a fundamental step-change in the textile
lifecycle by replacing water in washing and effluent treatment
processes with plastic/polymer chips. For example, it can be used
during the dyeing of textiles to remove unwanted excess dyes. It can
also be used to clean clothes during the life of the garment.

In dry-cleaning, the technology can replace the current cleaning
solvent (per-chloroethylene) and results in lower costs from energy,
solvents and compulsory regulations arising from solvent distillation
processes. In addition, the technology could be used in domestic

washing machines, in which the amount of water and energy used for
washing would be dramatically reduced. The technology has already been
proven in controlled lab experiments in the Company's laboratories in
Leeds. It has also been tested in commercial scale dry-cleaning

The Company has been strengthened by the recent appointment of Martin
Gregson as a non-executive Director. Martin has extensive experience
in the dry-cleaning and solvents industries, most recently as Technical
Director for Johnsons Service Group.

About IP Group

IP Group Plc is an intellectual property (IP) commercialisation company
that specialises in commercialising university technology. Founded in
2001, IP Group listed on AIM in October 2003 and moved to the Official
List in June 2006. It has made two acquisitions to date - Techtran, a
company set up to commercialise university intellectual property under
a long term contract with the University of Leeds, in 2005 and Top
Technology Ventures, an investment adviser to early stage technology
venture capital funds, in 2004.

IP Group has formed long-term partnerships with ten universities - the
University of Oxford, King's College London, CNAP/University of York,
the University of Leeds, the University of Bristol, the University of
Surrey, the University of Southampton, Queen Mary (University of
London), the University of Bath and the University of Glasgow.

The Company's portfolio is diverse with exposure to five main sectors -
energy & renewables, non therapeutics, therapeutics, IT &
communications and chemicals & materials. To date, ten portfolio
companies have listed on the AIM market of the London Stock Exchange,
one on PLUS Markets and there have been two trade sales. IP Group also
established three 'Modern-themed' subsidiaries - Modern Biosciences,
Modern Water and Modern Waste. Modern Water was the first of these
subsidiaries to float on AIM in June 2007.

The University of Leeds

The University of Leeds is one of the largest higher education
institutions in the UKwith more than 30,000 students from 130
countries. With a turnover approaching GBP450m, Leeds is one of the top
ten research universities in the UK, and a member of the Russell Group
of research-intensive universities. It was placed 80th in the 2007
Times Higher Education world universities league table. The
University's vision is to secure a place among the world's top 50 by

CONTACT: Martin Gregson, Xeros Ltd
Tel: +44 (0)7828 573 827
Rob Rule
Tel: +44 (0)7917 584 354
Alan Aubrey, Chief Executive Officer, IP Group Plc
Tel: +44 (0)8450 742 929
Liz Vaughan-Adams (Communications), IP Group Plc
Tel: +44 (0)2074 440 062
Tel: +44 (0)7979 853 802
Ben Atwell / Rob Bailhache / John Dineen, Financial Dynamics, IP Group
Tel: +44 (0)2078 313 113
Guy Dixon, University of Leeds,Media Relations
Tel: +44 (0)1133 434 031
Mo Noonan, Manager, Financial Communications, FD
Tel: +44 (0)2072 697 116
Tel: +44 (0)7876 444 977
Fax:+44 (0)2072 428 695

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provided within M2 PressWIRE. Data supplied by named party/parties.
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