12 May 2021 - launch in China
The AIM-quoted technology group has announced that its Chinese licence partner, Jiangsu SeaLion Machinery, has today launched its Hydrology brand comprising a range of commercial washing machines utilising Xeros' XOrb and XDrum technologies. Xeros will receive a royalty payment on sales of these machines as well as royalties from Sea-Lion's customers for the ongoing use of XOrb technology. Sea-Lion is the largest commercial washing machine manufacturer in China and so this is clearly a promising step for Xeros. The shares remain a LONG TERM BUY
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