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Xeros Technology ( (GB:XSG) ) just unveiled an announcement.
Xeros Technology Group plc has announced a significant launch agreement with a leading global washing machine manufacturer to develop a domestic washing machine incorporating Xeros’ Laundry Care technology. This agreement marks a pivotal moment for Xeros, as it aims to mass-produce washing machines under the manufacturer’s brand, with Xeros’ Product Certification Mark included. The agreement is expected to complete within 12-18 months and will generate revenue through royalties and the sale of XOrbs. Xeros anticipates similar agreements with other manufacturers, which could further solidify its position in the market.
The most recent analyst rating on (GB:XSG) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Xeros Technology stock, see the GB:XSG Stock Forecast page.
Spark’s Take on GB:XSG Stock
According to Spark, TipRanks’ AI Analyst, GB:XSG is a Neutral.
Xeros Technology’s overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. The technical analysis provides some neutral signals, but the lack of profitability and liquidity concerns are significant risks.
To see Spark’s full report on GB:XSG stock, click here.
More about Xeros Technology
Xeros Technology plc is a company that has developed patented technologies aimed at reducing the environmental impact of clothing care and manufacturing. Their innovations address the inefficiencies and pollution caused by traditional wet processing methods in industrial and domestic laundry, as well as garment manufacturing. Xeros’ main technologies include Microfibre Filter, Laundry Care, and Garment Finishing, which help reduce water, energy, and chemical usage while improving process efficiency. The company generates revenue through licensing these technologies, earning royalties, and selling consumables, with several agreements already in place.
Average Trading Volume: 485,651
Technical Sentiment Signal: Hold
Current Market Cap: £7.29M
See more insights into XSG stock on TipRanks’ Stock Analysis page.