RE: RNS5 Sep 2024 10:42
Some positive news within the second RNS which might suggest that the 40% drop is overdone...
Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, today announces the signing of a contract with Donlim Group ("Donlim") to manufacture its XF3 External Filter under licence. It has also entered a strategic partnership agreement with Donlim, combining the expertise of each party to maximise marketing and distribution and, in addition, to work together on further product development.
Donlim will also receive a licence to manufacture and distribute the XF1, which is the internal filter for domestic washing machines. This will take the total number of licensees for XF1 to four. The XF1 currently has three licences with European manufacturers.
Donlim, the owner of the MORPHY RICHARDS brand, is a world-leading manufacturer of electrical appliances, employing over 26,000 people and generating revenues in excess of US$2bn from three manufacturing sites across China and Indonesia.