RE: Set to rise further22 Jul 2024 13:01
Where is the revenue from this 10 year contract that was signed in 2017 (yes 2017)!!!
£3 million quids a worth of options available at 1.50, even if by some miracle they land a good RNS the price still won’t move..
You seem desperate to get people to buy, maybe ask your chums on the board to lead the way???
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Xeros signs 10 year contract with leading Mexican tannery
Xeros Technology Group plc (AIM: XSG, 'Xeros', 'the Group'), the developer and provider of water saving technologies with multiple commercial applications, has signed a 10-year contract with Le Farc SA de CV ('LEFARC') to convert its re-tanning operations in León, Mexico to use Xeros' patented polymer technology.
With a weekly production of 5,000 hides, LEFARC is a globally recognised tannery producing leather for shoes, supplying brands such as Timberland and Wolverine.
Xeros anticipates leather produced by LEFARC using its technology to be incorporated in consumer products after March 2019.
The tannery is located in one of the world's leading tanning centres, supporting the major brands in the shoe and auto industries.
The contract follows extensive trials which demonstrated material reductions in process inputs and effluent production and radically improves the sustainability of production, whilst maintaining high quality leather output.