Finncap18 Dec 2019 13:16
Xeros has developed a polymer-based technology that has been proven to save vast quantities of water in water intensive industries such as garment processing and manufacturing, commercial & domestic laundry. Given that the bulk of these industries are in highly water stressed regions such as India and China, the scope for commercial success is clear.
With £130m invested to date, BASF as a supplier and some of Asia’s largest washing machine makers either taking licences or in discussions, Xeros appears to be at the inflection point. We initiate coverage with a price target of 4p/share.