Member Info for Gracetrad1

Enjoy the wait.

Following joint discussions, market entry into the domestic laundry market is now expected to be towards the end Q1 2022 as opposed to previous expectations of late 2021. The delay, again all Covid related, is not expected to reduce the medium and long term prospects for success but will lead to a reduction in Xeros' expected 2021 licensing revenue with expectations for 2022 unchanged. Product performance to date is in line with expectations and exceeding them in a number of areas.

25 Nov 2020 07:00

RNS Number : 3769G

In line with the Board's expectations, Xeros will receive a mid to high single digit royalty for these machine sales as well as royalties for the ongoing use of XOrbs. This first order in denim finishing is an important milestone for both Xeros and Ramsons ahead of a full market launch in Q1 next year.

The 10-year contract grants Girbau rights to manufacture and sell a new range of filters incorporating XFiltra technology within the commercial laundry market. These rights are exclusive in a number of major territories including Europe and North America with non-exclusive rights granted for certain other territories. Royalties are payable at a fixed amount for each device sold with minimum sales levels also included within the terms of the agreement. First sales are planned in 2021.

To get a correct answer to that question you would have to confirm it with the OEM. If i gave an answer it would just be my assumption which could be miss-leading, so i would prefer people to draw there own opinion on that.

Its like me asking you why non of the current executive directors have invested any of there own money in this business and expecting to know the answer.

it’s from oct 2023, it was presented prior to the nov 2023 fund raise to bull**** people into investing.

this is an example of why you shouldn’t rely on things posted on bb’s and actually do the research.

I have said for many many years it does not work .

The harvesting process alone takes longer than a conventional wash cycle, that’s why the marketing changed to garment care from water, energy and chemistry savings. I’m not going to go into other examples I’ve done it to death..

Years ago I started doing a list of excuses of why the IFB contract was delayed, I think Covid was the 4th on the list so that shows how long ago it was.

I see accounting treatment is the latest (although not IFB related) looking at the P&L the finance team had one job to do, literally one job lol.

This video is about three years old.

Good to flag it up though as it’s evidence that we shouldn’t trust anything they say.

No worries happy answer.

A - doesn’t work and never will..

b- after capex probably close to a standard machine in terms of cost, but that doesn’t matter because of ‘A’ no one will roll this out at scale.

The hypes from the company, try and speak some of the old US customers and see how much they hype it up..

Check the price of the 11kg xeros domestic washing machine that’s been in IFB stores since 2023 and compare it to the price of a Standard 11kg IFB washing machine and you should get your answer.

It wont work for washing any thing other than towels. the time taken to just extract the Xorbs from the drum will be much longer than some of the quick washes available on other machines and there will be Xorbs all over the place.

Any reputable OEM will want to test this for much longer than 18 months, Just look at IFB as a test case - 5 years and counting

The exec don't even support the company by buying shares, don't waste your money on this junk.

Didn’t carillon appoint a new CEO just before it collapsed, he hadn’t even worked his notice before it went under.

When did xeros start doing quarterly reporting! Or is it something adhoc they committed to?

What’s there Q report?

Why would they need funding? There committed to cash break even this year are the not?

The interims are due in September so you’ll get an update..

I still stand by my opinion this will either be delisted or go bust very soon (but that’s just my personal opinion).

It’s going out of business, there’s no more institutional investors left, they’ve robbed them all.

2029!!

It wont happen while trump is in power, too many other priorities unfortunately.

At this price its probably worth shorting if I'm honest.

Jay, it’s an AGM your time would be better served by relaxing in the garden with a cold drink enjoying the weather.

People are getting strung along by the cash break even claim (which they’ve been saying that since 2020) they haven’t had any cash from anyone so far this year at all, revenue down, the financials are shocking so how the hell do they get up to 400k cash inflows per month in the next two months to cover cost.. apart from spin and bullish statements there’s nothing, it’s all talk and no action the same as it’s been for 16 years and the CEO is still on 200k.

It’s the same script as every year.

as said before no blue chip company is going to give up millions of pounds of margin the these clowns for the sake of a pennies on R&D it’s be a filter not a space ship, the other tech no one will want .

Purchase orders for what? It’s a royalty based business isn’t it?..

Who going to loan them money? Even a loan shark would run a mile from this, banks don’t lend money to companies like this, especially ones that have just slapped a big fat paragraph of material uncertainty on the going concern.

If, and it’s a big if they get another raise off it’s going to be a heavily discounted blood bath.