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An announcement from Xeros Technology ( (GB:XSG) ) is now available.
Xeros Technology Group has announced a significant trading update that includes a letter of intent with a major electronics distributor for its XF3 filter, with plans for distribution in UK retail outlets. The company is in advanced discussions with major washing machine brands for its FABRIC CARE technology, which could lead to joint development agreements and commercial launches in 2026. While there were some revenue timing issues due to a delay in orders with its partner Yilmak, cost savings have kept financial performance stable. Xeros anticipates revenue of approximately £2.5m for FY25 but is confident in its technology’s potential to drive innovation and meet environmental regulations, especially as interest from global laundry OEMs and regulators grows.
More about Xeros Technology
Xeros Technology plc is a company that has developed patented technologies aimed at reducing the environmental impact of the clothing industry. Their main technologies, Filtration, Finish, and Care, are designed to improve efficiency and reduce pollution in garment manufacturing and laundry processes. Xeros generates revenue through licensing these technologies and selling consumables, with significant market potential estimated across its three main sectors.
YTD Price Performance: 38.16%
Average Trading Volume: 1,356,223
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.73M
Learn more about XSG stock on TipRanks’ Stock Analysis page.
