Xeros Technology Group (XSG)

Sector:

Engineering

Index:

FTSE AIM All-Share

 1.40p
   
  • Change Today:
      0.000p
  • 52 Week High: 4.05
  • 52 Week Low: 1.30
  • Currency: UK Pounds
  • Shares Issued: 225.00m
  • Volume: 689,514
  • Market Cap: £3.15m

Xeros ships 'waterless washing machines' to drought-stricken South Africa

By Iain Gilbert

Date: Wednesday 01 Aug 2018

LONDON (ShareCast) - (Sharecast News) - British technology business Xeros has sent a shipment of its near-waterless washing machines to the drought-ravaged Cape Province region of South Africa, which it said would be the first of many.
Xeros has seen increased demand for its sustainability credentials in places like Cape Town - just one of many geographic markets unable to ignore issues around water scarcity any longer after drought forced authorities to make permanent changes to water consumption legislation.

In response, Xeros' commercial laundry division, recently-renamed Hydrofinity, has offered up what it calls a "revolutionary leap forward in sustainability", replacing water with its reusable and recyclable polymer XOrb technology.

Xeros claims XOrbs deliver as much as an 80% reduction in water use and material reductions in both energy and detergent, whilst delivering "a superior cleaning result" by absorbing stains and stray dye.

The AIM-quoted firm said the order of 16 machines was "the first of several large shipments" expected to be sent to countries with high water stress and cost in the next two months.

Managing director Mike Ferrand said, "We are now starting to make significant shipments of Xeros machines around the world. As businesses struggle with stringent restrictions on water use, our award-winning solution offers a sustainable alternative with significant competitive advantages."

"Around the world, governments and utility companies are beginning to use water pricing and taxes to reflect the need to reduce water consumption and we are ideally placed to help commercial customers minimise their water usage and cost," Ferrand added.

As of 1000 BST, Xeros shares had picked 1.05% to 71.49p.

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XSG Market Data

Currency UK Pounds
Share Price 1.40p
Change Today 0.000p
% Change 0.00 %
52 Week High 4.05
52 Week Low 1.30
Volume 689,514
Shares Issued 225.00m
Market Cap £3.15m

XSG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.88% above the market average63.88% above the market average63.88% above the market average63.88% above the market average63.88% above the market average
21.21% above the sector average21.21% above the sector average21.21% above the sector average21.21% above the sector average21.21% above the sector average
Price Trend
86.8% below the market average86.8% below the market average86.8% below the market average86.8% below the market average86.8% below the market average
82.86% below the sector average82.86% below the sector average82.86% below the sector average82.86% below the sector average82.86% below the sector average
Income Not Available
Growth
2.76% below the market average2.76% below the market average2.76% below the market average2.76% below the market average2.76% below the market average
3.03% below the sector average3.03% below the sector average3.03% below the sector average3.03% below the sector average3.03% below the sector average

XSG Dividends

No dividends found

Trades for 25-Apr-2024

Time Volume / Share Price
16:25 17,138 @ 1.39p
16:19 350,000 @ 1.51p
15:49 316,666 @ 1.51p
13:23 5,000 @ 1.36p
12:47 695 @ 1.44p

XSG Key Personnel

Chair Klaas de Boer
CEO Neil Austin
Finance Director Alex Tristram

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