UK's Xeros gains as laundry partner gears up for key product launch

IFB Industries

21/12/2022 10:14

** Shares of Xeros Technology Group  XSG.L , technology
provider to protect clothes in water-intensive processes, up ~6%
at 4.15p
    ** Indian washing machine maker IFB Industries Ltd  IFBI.NS 
will sell a product that incorporates Xeros' Care Technology by
2022-end, says XSG
    ** Xeros says its laundry partner IFB will start selling 11
kg domestic washing machines by year-end, and trial of a 9 kg
product early next year
    ** IFB has started trials of a 90 kg washing machine for
Indian Railways - XSG
    ** Shares of Xeros down ~95% YTD, as of last close
 (Reporting by Biru Pandey in Bengaluru)
 ((Biru.pandey@thomsonreuerts.com))