Xeros Technology (GB:XSG) has released an update.
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Xeros Technology Group plc announces robust full-year results for 2023, revealing an 81% revenue increase primarily driven by licensing and sales of its eco-friendly XOrb product. The company has successfully transitioned innovative technologies for water-saving and garment life extension into the manufacturing and marketing phase, with significant partnerships and discussions with major manufacturers underway. With a strengthened balance sheet and a focus on commercialization, Xeros is poised for the commercial roll-out of its licensee partners’ machines later in the year.
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