Xeros Technology Group (XSG)

Sector:

Engineering

Index:

FTSE AIM All-Share

 2.10p
   
  • Change Today:
      0.000p
  • 52 Week High: 4.40
  • 52 Week Low: 1.70
  • Currency: UK Pounds
  • Shares Issued: 209.90m
  • Volume: 153
  • Market Cap: £4.41m

Xeros Technology transfers US service offering to distributors

By Duncan Ferris

Date: Wednesday 12 Dec 2018

LONDON (ShareCast) - (Sharecast News) - Xeros Technology on Wednesday completed the transfer of servicing of its US commercial laundry customers through the signing of a series of regional agreements with full-service distributors.
The cleaning technology company, whose commercial laundry business is branded Hydrofinity, said these regional distributors will now service all Hydrofinity's existing and future customers in the US with significant savings accruing to Xeros.

Mark Nichols, Chief Executive of Xeros, said: "These agreements in the US follow similar agreements recently signed covering China, Dubai and South Africa. They will enable our Hydrofinity business to increase revenues from a lower cost base whilst continuing to provide customers with excellent service."

Recently signed agreements with Viking Services and Consolidated Laundry Equipment will cover California and the mid-Atlantic region of the US respectively, extending the sales and service coverage of the commercial laundry outfit.

The partnered distributors will continue to stock and sell the AIM traded company's commercial washing machines.

Xeros Technology's shares were up 1.00% at 15.10p at 1312 GMT.

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XSG Market Data

Currency UK Pounds
Share Price 2.10p
Change Today 0.000p
% Change 0.00 %
52 Week High 4.40
52 Week Low 1.70
Volume 153
Shares Issued 209.90m
Market Cap £4.41m

XSG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.40% above the market average50.40% above the market average50.40% above the market average50.40% above the market average50.40% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Price Trend
77.03% below the market average77.03% below the market average77.03% below the market average77.03% below the market average77.03% below the market average
88.57% below the sector average88.57% below the sector average88.57% below the sector average88.57% below the sector average88.57% below the sector average
Income Not Available
Growth
3.83% below the market average3.83% below the market average3.83% below the market average3.83% below the market average3.83% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average

XSG Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
08:20 153 @ 2.00p

XSG Key Personnel

Chair Klaas de Boer
CEO Neil Austin
Finance Director Alex Tristram

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