Member Info for Dicko123

exactly, I would expect results to show progression in existing tie ups and also new ones as Xeros enters an important year in its progression upwards. Woodford must have faith with circa 40%

From CES 2018 in Vegas https://www.digitaltrends.com/home/ces-2018-xeros/
Worth a read........ Talks about not trying to shrink the washing machines using XOrb, XDrum & XFiltra BUT...... it wants appliance manufacturers to incorporate the drum and filter into their machines.

Xfiltra is our our tech so theres no reason why Samsung wouldn't be trialing it.........
Based Upon our JDA with Midea:
This is a non-exclusive JDA to develop and design a prototype including Xeros' technologies - if successful this will
enable future commercial discussions to take place
– In 2017, Wuxi sold 12.4m washing machines in China giving it a 28% share of the retail market - it also exported
3.9m washing machines
– Some basic assumptions to highlight the opportunity
– Assuming technology assessments proceed successfully and Wuxi / Xeros agree a royalty payment model
– Assuming a $25 royalty per machine, if just 10% of existing sales convert to the Xeros technology, the
agreement could be worth $40m per annum with little

No reason why not? Our agreement with Midea was non-exclusive so they could be speaking to other major OEMs..........
Xeros Technology Group plc (AIM: XSG, 'Xeros', 'the Group'), the developer and provider of water saving technologies with multiple commercial applications, has today signed a Joint Development Agreement ('JDA') with Wuxi Little Swan Company Limited, a subsidiary of Midea Group ('Midea'), the Chinese manufacturer of home appliances. Midea is one of the world's largest manufacturers of domestic washing machines.

The scope of the non-exclusive JDA is to develop and design a prototype including Xeros' technologies. If successful, the agreement allows for both parties to enter into commercial discussions under a separate agreement and timetable.

In 2017 Wuxi Little Swan Company sold 12.4m washing machines in China giving it a 28% share of the retail market. It also exported 3.87 million washing machines[1].

Mark Nichols, Chief Executive of Xeros commented:

"Our strategy is to license our technologies to major OEMs who have significant market presence around the world. Following our agreement last July to license our commercial washing machine technology in China, this JDA represents a major step forward for Xeros in the domestic washing machine market."

Healthy pull back imo. Let’s see what the week brings. Still very much undervalued based upon recent SP.

Buys coming in bring printed as red at 11.4

Looking forward to another good week here.

Surely MMs can’t continue into today. Largely NT and only a few available all day after RNS announcement

Play ball please and make a market

nice flurry just now

Nice launch of new bluetooth watchlock 'Lookies' - orders already placed ;))

This was not RNSed :))
https://www.cinet-online.com/hydrofinity-us-extends-sales-and-service-partnerships/

just go on Youtube and search Hydrofinity or Xeros Technologies.......

https://twitter.com/marcdicks/status/1114086652983554049?s=21

#XSG Xeros Technologies Ltd
making great headway, in direct contrast to its share price is Xeros, the water technology business.
developed a cleaning system which uses a fraction of the water used in current industrial cleaning applications. Main target markets include commercial laundry, tanning, high performance workwear and domestic laundry.

SP 8.55p 29/3/19

Current market cap: £15.4m @ 1/4/19
257m shares
1yr share price return: -91% (largely discounted placing 61% Dec 2018 and Invesco selling?)
21/12/18 only 35% free float
Woodford own 40% directly and IP Group 6% (Woodford have large stake in)
 
1yr operational progress:
 
·Chinese Hydrofinity (commercial laundry) licence signed
·Three additional sites operational in Marken (high performance workwear)
·10 year contract signed with Mexican tannery
·Heads of terms signed with two large scale tanneries
·Agreement signed with Eastern Laundry Systems to service commercial laundry customers in nine US states
·Joint development agreement signed with Chinese domestic washing machine manufacturer
·Raised £15m in deeply discounted share placing at 10p (61% to SP at the time) to provide additional capital for commercialisation strategy
Directors both bought £50k each at 10p in placing
 
"These additional funds will allow us to continue to execute on our IP rich, asset light strategy to commercialise our technologies, which address the key global environmental issues of water scarcity and pollution.
The commercial benefits and sustainability improvements that our technologies deliver have been validated by a number of recent contracts. These clearly demonstrate that our platform technology is capable of broad deployment in scale industries.Our focus is on increasing the commercialisation of our technology in each of our markets working with channel partners and manufacturers whose businesses and customers are facing ever increasing pressure on their water use."
Mark Nichols, Chief Executive of Xeros

23rd Jan 19 - A positive announcement from Xeros this morning, confirming that it has signed a Joint Development Agreement (JDA) with Wuxi Little Swan Company, a subsidiary of Midea Group, one of the worlds largest manufacturers of domestic washing machines.
HIGHLIGHTS
– This is a non-exclusive JDA to develop and design a prototype including Xeros' technologies - if successful this will enable future commercial discussions to take place
– In 2017, Wuxi sold 12.4m washing machines in China giving it a 28% share of the retail market - it also exported 3.9m washing machines
– Some basic assumptions to highlight the opportunity
– Assuming technology assessments proceed successfully and Wuxi / Xeros agree a royalty payment model – Assuming a $25 royalty per machine, if just 10% of existing sales convert to the Xeros technology, the
agreement could be worth $40m per annum with little or no associated cost – This compares to a current market cap of £15m (2/4/19)

never RNSed - so plenty going on......

https://www.hydrofinity.com/blog/the-proof-it-is-possible-to-disinfect-laundry-with-cold-water-and-less-detergent

So how does it work?
https://www.hydrofinity.com/how-it-works

Also the recently placing at 10p (heavily subscribed by Woodford) was at a 60% discount to the then price

I would imagine that Xeros will address cash burn and also give updates on the numbers of current and pipeline agreements they are trying to tie up.....