11 August 2021 - trading update

It is a little disappointing to report that despite the sale of the first Xeros enabled commercial washing machine by the group's Indian licence partner IFB, the move into the domestic laundry market has been delayed from late 2021 until the end of Q1 2022.  This delay is due to Covid-19 and will result in lower licencing revenues for 2021 although expectations for 2022 remain unchanged.  Investors should take heart from the fact that the first commercial sale to which we have referred was to the Radisson Hotel Group and a umber of . . .

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