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Pin to quick picksXeros Tech Share News (XSG)

Share Price Information for Xeros Tech (XSG)

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Share Price: 1.50
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Xeros launches software-based hotel laundry product

Mon, 04th Apr 2016 13:40

(ShareCast News) - Platform technology firm Xeros Technology launched a new, digital laundry product aimed at hotels on Monday, which combines a bead with downloadable washing machine software.The AIM-traded company described the product as a 'first' for the commercial laundry industry, saying it would help to extend the life of linens and reduce the number of items discarded, as it removed stains that otherwise could not be dislodged.It combined a specifically-designed polymer bead with a piece of digital software downloaded to a customer's washing machine. The beads were manufactured in partnership with BASF."As noted at our interim results on 22 March, we have been accelerating the rollout of machine installations in our commercial laundry business, whilst simultaneously increasing customer satisfaction levels and further developing our supply chain," said Xeros chief executive Mark Nichols."[The product] will enable us to add further value to our hotel customers without any disruption to their operations. It is yet another example of using our technological expertise and understanding of our customers' requirements to deliver simultaneous improvements in cost, sustainability and quality."
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