IN BRIEF: Xeros Technology partner to launch new washing machines – Morningstar

Get 14 Days Free
Xeros Technology Group PLC – Rotherham, England-based environmental technology firm – Says its partner IFB Industries Ltd, an India-based domestic and commercial washing machine manufacturer, has confirmed it will launch new premium domestic washing machines which are designed for large households and incorporating Xeros’ Care technology in its Indian retail stores by the end of 2022.
Chief Executive Officer Neil Austin says: “We continue to work in partnership with IFB and the imminent launch of the 11 kilograms machine will enable consumers to use our proprietary technology in their home for the first time. This is an exciting milestone for Xeros as we continue to accelerate new licence agreements. Xeros is also confident of future developments in the rail sector, both in India and France as our technology is more widely used in commercial machines.”
Adds that its financial guidance remains unchanged.
Current stock price: 3.94 pence, up 1.0% on Wednesday afternoon in London
12-month change: down 96%
By Xindi Wei, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2022 Alliance News Ltd. All Rights Reserved.
Okyo Pharma Ltd – London-based ophthalmology-focused bio-pharmaceutical company – Receives …
Hamak Gold Ltd – Liberia-focused mining exploration and development company – Raises GBP295,750…
SulNOx Group PLC – London-based green technology company – Proposes placing and subscription of…
(Alliance News) – The following is a round-up of updates by London-listed companies, issued on …
(Alliance News) – The following is a round-up of updates by London-listed companies, issued on …
Mining companies are operating in a challenging environment but could now be the time to top up o…
THE WEEK: Morningstar columnist Rodney Hobson provides two pieces of advice to George Osborne, an…
Businesses that have competitive advantages within their industry are good candidates for dividen…
Morningstar reveals the top 10 best performers over the last five years
Morningstar OBSR reveals the top funds for investors seeking exposure to European equities
Christmas this year will be different for many people on the breadline, so if you’re not among th…
UK investors back equity funds in November after a long run of outflows, but fixed income funds l…
As research reveals the frontloaded credit pain many families are already experiencing ahead of a…
It wasn’t exactly an easy ride, and there could be more to come next year
Meta Platforms, Amazon, Walt Disney and Alphabet among undervalued companies in the Morningstar W…
Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.
About Us
Connect With Us
Get Help
Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings
The Morningstar Star Rating for Stocks is assigned based on an analyst’s estimate of a stocks fair value. It is projection/opinion and not a statement of fact. Morningstar assigns star ratings based on an analyst’s estimate of a stock’s fair value. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s fair value, (3) our uncertainty around that fair value estimate and (4) the current market price. This process culminates in a single-point star rating that is updated daily. A 5-star represents a belief that the stock is a good value at its current price; a 1-star stock isn’t. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Morningstar Star Rating for Stocks, please visit here
Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. The Quantitative Fair Value Estimate is calculated daily. It is a projection/opinion and not a statement of fact. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Quantiative Fair Value Estimate, please visit here

source