Xeros Technology Group (XSG)

Sector:

Engineering

Index:

FTSE AIM All-Share

1.24p
   
  • Change Today:
      0.013p
  • 52 Week High: 10.23
  • 52 Week Low: 0.35
  • Currency: UK Pounds
  • Shares Issued: 1,983.76m
  • Volume: 6,058,066
  • Market Cap: £24.60m

Xeros Technology inks binding agreement with Ramsons Garment Finishing

By Iain Gilbert

Date: Friday 06 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Water technology firm Xeros Technology Group has inked a binding agreement with Ramsons, the largest supplier of garment finishing equipment in South Asia.
The agreement will see Ramsons develop, manufacture and sell equipment used in the manufacture of denim jeans that will incorporate Xeros' XOrb and XDrum products across a range of denim processing machines on an exclusive basis across South Asia and Africa.

The AIM-listed group expects to finalise a commercial agreement with Ramsons in the fourth quarter of 2019, with garment finishing equipment set to be available by the end of the first quarter of 2020.

Chief executive Mark Nichols said: "Our agreement with Ramsons is yet another major milestone in the commercialisation of our technologies under a license model, and the first with an OEM in the textiles market.

"By incorporating Xeros' products in their machines, Ramsons have the capacity to make a significant contribution to extending precious resources throughout South Asia and Africa."

As of 0850 BST, Xeros shares had shot up 9.63% to 7.40p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

XSG Market Data

Currency UK Pounds
Share Price 1.24p
Change Today 0.013p
% Change 1.02 %
52 Week High 10.23
52 Week Low 0.35
Volume 6,058,066
Shares Issued 1,983.76m
Market Cap £24.60m

XSG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.26% below the market average24.26% below the market average24.26% below the market average24.26% below the market average24.26% below the market average
57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average
Price Trend
48.67% below the market average48.67% below the market average48.67% below the market average48.67% below the market average48.67% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income Not Available
Growth
55.15% below the market average55.15% below the market average55.15% below the market average55.15% below the market average55.15% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

XSG Dividends

No dividends found

Trades for 09-Jul-2020

Time Volume / Share Price
16:09 106,786 @ 1.21p
15:24 250,000 @ 1.21p
15:20 500,000 @ 1.23p
15:06 1,500,000 @ 1.20p
14:35 500,000 @ 1.27p

XSG Key Personnel

Finance Director Chris Hanson
CEO Mark Nichols
CFO Paul Denney
Chair Klaas de Boer

Top of Page