Xeros Tech Share News (XSG)

(Sharecast News) - Xeros Technology on Wednesday completed the transfer of servicing of its US commercial laundry customers through the signing of a series of regional agreements with full-service distributors.The cleaning technology company, whose commercial laundry business is branded Hydrofinity, said these regional distributors will now service all Hydrofinity's existing and future customers in the US with significant savings accruing to Xeros.Mark Nichols, Chief Executive of Xeros, said: "These agreements in the US follow similar agreements recently signed covering China, Dubai and South Africa. They will enable our Hydrofinity business to increase revenues from a lower cost base whilst continuing to provide customers with excellent service."Recently signed agreements with Viking Services and Consolidated Laundry Equipment will cover California and the mid-Atlantic region of the US respectively, extending the sales and service coverage of the commercial laundry outfit.The partnered distributors will continue to stock and sell the AIM traded company's commercial washing machines.Xeros Technology's shares were up 1.00% at 15.10p at 1312 GMT.