Chinese development agreement for Rotherham’s Xeros

Xeros signs licensing agreement in Asia

Rotherham’s Xeros Technology Group has signed a Joint Development Agreement with a subsidiary of Chinese home appliance maker Midea Group.

The JDA will see both companies develop and design a protype based on Xeros’ water saving technologies.

If successful, the agreement allows for both parties to enter into commercial discussions under a separate agreement and timetable.

Mark Nichols, Chief Executive of Xeros, said: “Our strategy is to license our technologies to major OEMs who have significant market presence around the world.

“Following our agreement last July to license our commercial washing machine technology in China, this JDA represents a major step forward for Xeros in the domestic washing machine market.”