Xeros Technology Group (XSG)

Sector:

Engineering

Index:

FTSE AIM All-Share

0.70p
   
  • Change Today:
      0.050p
  • 52 Week High: 3.80
  • 52 Week Low: 0.64
  • Currency: UK Pounds
  • Shares Issued: 520.69m
  • Volume: 162,789
  • Market Cap: £3.64m
  • Beta: 0.05

Xeros inks filter deal with global laundry component maker

By Josh White

Date: Thursday 09 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Xeros Technology Group announced a new licensing agreement with a global component manufacturer for its 'XFilter' filtration technology on Thursday.
The AIM-traded laundry technology specialist said the partner - a "leading supplier" of components with headquarters in Europe and manufacturing facilities globally - supplies electromechanical components for some of the world's largest domestic washing machine manufacturers.

It said the five-year, non-exclusive agreement would allow the partner to manufacture and sell filters with XFilter technology worldwide.

The filters, designed to last the life of a washing machine, would allow consumers to capture and safely dispose of more than 90% of microfibres, including microplastics, released during laundry cycles.

Xeros said the timing of this agreement was particularly relevant as legislation in France requiring the fitting of microfibre filters in all domestic washing machines was set to come in at the start of 2025.

Similar legislation was also in development in the UK, California, and the European Union.

"This partnership further demonstrates the belief in the market-leading capabilities of our XFilter technology, and together with the existing Hanning agreement, allows us to reach and supply all of the major original equipment manufacturers with filtration technology," said chief executive officer Neil Austin.

"We look forward to working with our partners to bring XFilter to the global market."

At 1316 GMT, shares in Xeros Technology Group were up 6.52% at 4.9p.

Reporting by Josh White for Sharecast.com.

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XSG Market Data

Currency UK Pounds
Share Price 0.70p
Change Today 0.050p
% Change 7.69 %
52 Week High 3.80
52 Week Low 0.64
Volume 162,789
Shares Issued 520.69m
Market Cap £3.64m
Beta 0.05

XSG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.15% below the market average9.15% below the market average9.15% below the market average9.15% below the market average9.15% below the market average
31.03% below the sector average31.03% below the sector average31.03% below the sector average31.03% below the sector average31.03% below the sector average
Price Trend
93.55% below the market average93.55% below the market average93.55% below the market average93.55% below the market average93.55% below the market average
80.65% below the sector average80.65% below the sector average80.65% below the sector average80.65% below the sector average80.65% below the sector average
Income Not Available
Growth
20.30% above the market average20.30% above the market average20.30% above the market average20.30% above the market average20.30% above the market average
17.24% above the sector average17.24% above the sector average17.24% above the sector average17.24% above the sector average17.24% above the sector average

XSG Dividends

No dividends found

Trades for 03-Oct-2024

Time Volume / Share Price
16:40 64,500 @ 0.70p
16:40 500 @ 0.70p
16:40 154 @ 0.70p
16:40 6,835 @ 0.70p
16:40 57,011 @ 0.70p

XSG Key Personnel

Chair Klaas de Boer
CEO Neil Austin
Finance Director Alex Tristram

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