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Xeros Technology partner in China launches washing machine brand
StockMarketWire.com
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Water-saving technology group Xeros Technology said Chinese license partner Jiangsu SeaLion Machiner had launched a brand comprising a range of commercial washing machines.
The Hydrology machines incorporated Xeros' XOrb and XDrum technologies.
'In line with the board's expectations, Xeros will receive a mid-to-high single-digit percentage royalty for these machine sales as well as royalties for the ongoing use of XOrbs by SeaLion's customers,' the company said.
At 9:16am: (LON:XSG) Xeros Technology Group Plc share price was 0p at 1.47p
Story provided by StockMarketWire.com
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