Forbes: Xeros Hopes To Clean Up By Taking The Water Out Of Washing
Commercial laundry is not exactly the fastest-moving area of technology, but one company thinks it has the disruptive technology to transform the sector.
At a time when the scarcity of water resources is being starkly highlighted by the ongoing drought in California, a UK-based company called Xeros says that it is winning new business because its new cleaning technology can cut water use for its customers – hotels, restaurants, dry cleaners, fitness facilities and commercial laundries – by up to 75%.
Read the full article here.
Xeros – Awarded Qualified Vendor Status With Choice Hotels International
MANCHESTER, NH, May 21, 2014 (Marketwired) — Xeros, the innovator of an ultra low water cleaning system, today announced that Choice Hotels International has selected Xeros as a qualified vendor for its more than 5,000 U.S. franchises. Xeros’ nearly waterless laundry system helps hotels significantly reduce laundry costs, increase the life of linens, and helps hotels advance their commitment to green operations.
– read the full article here
Xeros – scoops major awards on both sides of the Atlantic
Ground-Breaking Commercial Laundry System Wins a Prestigious Edison Award in the USA and Is Named University Spin-Out of the Year at the UK New Energy & Cleantech Awards:
MANCHESTER, NH — (Marketwired) — 05/02/14 — Polymer bead-cleaning pioneer Xeros has won two prestigious awards, on different sides of the Atlantic in a single evening.
The company won Bronze in the Energy/Sustainability category for its virtually waterless commercial laundry system at the Edison Awards 2014 in San Francisco, CA (one of the most prestigious accolades a company can receive in innovation and business).
In addition Xeros was named University Spin-Out of the Year in the New Energy & Cleantech Awards 2014, in London, which recognize companies that have played a pivotal role in the development of the green energy and cleantech industries.
Read more here
OxfordPV – appoints CFO
Parkwalk portfolio company Oxford Photovoltaics has announced the appointment of David Smyth as its Chief Financial Officer.
David Smyth joins Oxford PV’s senior management team and will play an integral role in raising the next tranche of funding required to commercialise Oxford PV’s ground-breaking solar technology.
Formed in 2010, Oxford PV is a spin-out from Oxford University that has exclusively licensed and is developing a photovoltaic technology, which has the potential to deliver low cost, efficient solar cells that can be applied as a thin film onto glass building facades.
Based at Begbroke Science Park, Oxford PV’s objective is to deliver a massively scalable product for the Building Integrated Photovoltaic (BIPV) market and other solar energy sectors such as Utility and Automotive. The company has already raised £7m in equity and grant funding and has made major progress, with its perovskite-based solar cells achieving impressive levels of efficiency.
David brings significant experience to Oxford PV having raised more than £4bn in multiple fund raising exercises including two IPOs.
Portfolio company – Xeros – successful IPO
We are delighted to announce that Xeros, a Parkwalk portfolio company, successfully listed on AIM on the 25th March 2014.
Parkwalk first invested in October 2010, at 33.0p per share equivalent (26.4p net of initial tax relief), and the IPO price of 123p represents a 4.65x tax-free return for our investors in a little over three years. At this level, this exit alone would return more to investors than their entire subscription into the Parkwalk Fund I.
Meanwhile, another portfolio company, Horizon Discovery, is also listing on AIM later this week (as highlighted in the Daily Telegraph here) – this should also show a significant uplift for our investors.
Xeros – Intention to float on AIM
Announcement of Intention to Float on AIM
Xeros, the innovative developer of a patented polymer bead cleaning system with multiple identified commercial applications, today announces its intention to raise funds and to apply for the admission of ordinary shares to trading on AIM (the “Admission”). Jefferies International Limited is acting for Xeros in relation to the proposed Admission. Admission to trading on AIM is expected to take place in March 2014.
John Samuel, Chairman
John joined Xeros as Chairman in September 2011. John has previously held a number of senior finance positions and was formerly the CEO of the Molnlycke Health Care Group as well as a former partner with Apax Partners LLP. John is also the Chairman at Tissue Regenix, FrosundaOmsorg and Vernacare.
Charles Winward
Charles was appointed to the Xeros Board in October 2010. Charles is a Director of IP Group plc having joined in April 2007 to manage investments in Top Technology Ventures, the Group’s venture capital fund management subsidiary. Charles previously worked at JPMorgan Chase & Co and as an Investment Manager at Axiomlab, an AIM-listed early stage investment specialist. Charles is a CFA charterholder, has an MBA from the University of California at Berkeley and a Bachelors Degree in Mechanical Engineering from the University of Bristol.
IMPORTANT INFORMATION
This announcement which has been prepared by, and is the sole responsibility of, the Directors of Xeros Limited has been approved for the purposes of section 21 of the Financial Services and Markets Act 2000 by Jefferies International Limited (“Jefferies”), which is authorised and regulated by the Financial Conduct Authority.
Clean Air Power
Major Order for Genesis-EDGE Dual-FuelTM Product
Clean Air Power (AIM: CAP), the developer and global leader in Dual-Fuel engine management systems for heavy duty vehicles, is pleased to announce that it has received an order for 19 Genesis-EDGE, Dual-FuelTM trucks from a major distribution company in the UK. The order has a value to Clean Air Power of around £0.5 million.
The trucks will be fitted with Clean Air Power’s Genesis-EDGE system at its facility in Leyland, UK and delivered during Q1 2014. The customer already operates more than 100 Clean Air Power Dual-Fuel vehicles in its UK distribution fleet and this repeat order demonstrates their continuing satisfaction with Clean Air Power’s products.
John Pettitt, Chief Executive of Clean Air Power said:
“This is a significant follow-on order for our Genesis-EDGE product from this customer and adds to 28 Dual-Fuel systems that we have already delivered so far this year following orders placed in 2013. The strong demand for our products is being driven by the expansion of Europe’s natural gas refuelling network and the increased supply of vehicles available to retrofit as a result of the high level of late Euro 5 vehicle purchases made at the end of 2013. With further European orders expected imminently and the launch of new products in the US and Russia coming later this year I am confident that the Company is on-course to meet market expectation in 2014.”
Xeros
FT: UK firm launches domestic near-waterless washing machine
Xeros, which claims its near waterless washing machine is the first genuine innovation in laundry for 60 years, is close to launching a domestic model in the US.
The Rotherham-based company intends to raise fresh capital to start production after selling commercial versions to a string of customers in the US and UK, with a public offering one option being looked at by Jefferies, the investment bank.
Clean Air Power
Concept Development Agreement: Clean Air Power (AIM: CAP), the developer and global leader in Dual-Fuel engine management software for heavy duty vehicles, today announces that it has entered into a funded concept development agreement with a global truck manufacturer to develop a Dual-Fuel engine for a South East Asian market. This is the first program to be awarded through the cooperation agreement with Ricardo, Inc, signed in September 2013.
The purpose of the development program is to utilise Clean Air Power’s Dual-Fuel™ combustion technology to deliver an advanced dual-fuel engine that not only achieves its emissions objective but also reduces the extent of emissions after-treatment required by the base diesel engine.
Subject to a successful concept phase, expected to last 6 months, the agreement will then enter a second stage to bring the advanced dual-fuel engine to start of production.
Commenting on the agreement, John Pettitt, CEO of Clean Air Power, said:
“It is a pleasure to be announcing a concept study so quickly after entering the cooperation agreement with Ricardo. This is a very exciting but challenging program which highlights the interest in our technology in major world markets including Asia.”
Xeros
Smithsonian Magazine – This Washing Machine Could Be the Next Game-Changing Appliance.
An innovative system that uses stain-sucking plastic beads translates to big savings
When it comes to revolutionary inventions of the 20th century, electric washing machines are right up there with automobiles and personal computers. With the press of a button, a load of laundry that had once taken in excess of four hours to clean was reduced to a 40-minute automated process. Some economists have even credited the time-saving appliance with precipitating the rise of women in the workforce during the 1950s, as homemakers were suddenly freed up to take up other pursuits….. read more
Xeros
Daily Express: Green washing machine invention puts rivals in a spin
THE British maker of a revolutionary green washing machine using nylon beads largely to replace water and detergent has now set its sights on the leather and textile processing industries……
OxfordPV
Kevin Arthur, CEO at Oxford Photovoltaics, discusses the company’s technology providing solar energy through windows. He speaks on Bloomberg Television’s “The Pulse.”
Xeros
Yorkshire Post: Xeros gets ready to clean up by washing clothes hi-tech way
Xeros
Sunday Times: Waterless washing machine maker joins float cycle
YASA
Parkwalk leads successful £5m funding round into YASA Motors.
The company manufactures a highly differentiated advanced axial flux motor and generator based on its proprietary Yokeless And Segmented Armature (YASA™) technology.
For a given power & torque requirement, YASA can deliver a significantly smaller and lighter electric motor than any other competing technology. Furthermore, the technology is inherently lower cost than competitor motors due to the exceptionally high utilisation of magnetic material.
The high performance YASA motors and generators are suitable for range of markets and applications, and excel in the toughest environments where weight and space are critical for the end-user .
Arvia
Parkwalk is pleased to announce that they have led a £2.8m follow on financing into Arvia Technologies ltd.
Arvia represents a dramatic change from the traditional methods for treating organic liquid waste.
Arvia has established a process for the destruction of radioactive liquid organic wastes produced in the course of nuclear power generation, decommissioning and at stages within the nuclear fuel cycle. The patented technology has been specifically developed for the demands of the nuclear industry. Treatment of the liquid organic waste stream takes place in a single unit with no moving parts, is chemical free and the process can destroy a wide range of radioactive organic waste streams.
OxfordPV
OxfordPV: CEO to participate in UK solar trade mission to Saudi Arabia
Kevin Arthur, Co-Founder and CEO of Oxford Photovoltaics (Oxford PV), is to join Greg Barker, Minister of State for the Department of Energy & Climate Change (DECC) in a forthcoming solar trade mission to Riyadh, Saudi Arabia from the 11th to 12th of November 2013.
A huge growth market for solar power, Saudi Arabia aims to power its energy-intensive economy largely through renewable sources by the middle of this century, freeing up vast quantities of oil for export.
The UK trade mission will include a programme put together by the Department for Energy & Climate Change, UK Trade and Investment and the British Embassy to explore unparalleled opportunities for UK firms to access the Saudi market, estimated to reach some $100 billion.
Following a separate invitation from the DECC, Kevin Arthur has also recently joined the UK PV Strategy Group Innovation Task Force, to provide first-hand knowledge and experience of solar technology and assist in identifying new innovations that will stimulate deployment.
Oxford PV has exclusively licensed and is developing a photovoltaic technology that has the potential to deliver low cost, efficient solar cells that can be readily incorporated into glass building facades.
Kevin Arthur said:
“For Oxford PV, this UK trade mission will give us the chance to make high level contacts as we explore opportunities for future collaboration in adopting our technology into large scale buildings in Saudi Arabia. It will also allow us to assess what appetite exists for Saudi investors to join in with future funding rounds in our company.”
Rt Hon Greg Barker, Minister of State for Energy and Climate Change, said:
“This is a very exciting mission. The UK solar sector is a honeypot of innovation and potential, and with Saudi Arabia set to spend a staggering 100 billion dollars on solar, UK firms are natural partners for them, with a huge amount to offer, especially at the added value end of the market.”
OxfordPV
OxfordPV: named the winner of the Solar Award for Excellence: BIPV Innovation at the 2013 Solar UK Industry Awards.
The award was presented to Oxford PV Founder and Chief Executive Officer Kevin Arthur at the Solar UK Conference, held this year at the BRE Innovation Park in Watford on the 7th November 2013.
The Solar UK Awards recognise the success and development along the entire value chain of the industry from the research in the labs to the person who installs it, recognising the vital individuals and companies that enable a company to achieve success in a competitive market.
The award is the third such accolade Oxford PV has received in the last six months in recognition of its new photovoltaic technology, which has the potential to deliver low cost, efficient solar cells that can be readily incorporated into glass building facades.
In June, Oxford PV received the Innovation Award at British Renewable Energy Awards ceremony, and in July was the winner of the Best Early Stage Investment in a Disruptive Technology Business Award at the annual UK Business Angels Association Awards.
Kevin Arthur said: “This award is well-deserved recognition for our growing team at Begbroke Science Park in Oxford, all of whom have helped the company to make huge progress over the last 12 months in the development, testing and commercialisation of our technology.”
