Xero Press "Go" Xeros launch reseller program in the US. - Good strategy: Getting the existing industry involved in promoting, distributing & supporting the Xeros product. - Feels like the first time Xeros have really started to chase sales. Shows they think they are ready to have a crack at the whole of the US commercial (as opposed to domestic) market. [link]
from Plastics News Xeros cleans up with polymer beadsPRWPublished: February 19, 2015 1:53 pm ETUpdated: February 19, 2015 1:56 pm ETPrintReprintsFont size: AATweetShareImage By: Xeros Ltd.The Xeros washing process replace water with polymer beads.Related to this storyTopicsSustainabilitySix more U.S. utility companies are offering financial incentives to their customers that adopt technology from Rotherham, England-based Xeros Ltd., which uses polymer beads to clean laundry.Xeros has developed a method for cleaning clothes that largely replaces water with nylon beads. According to the company, its washing machines use 70 percent less water, 50 percent less energy and 50 percent less detergent than traditional appliances.Customers include hotels, commercial and industrial laundries, dry cleaners, spas and fitness centers.Columbia Gas of Massachusetts, Connecticut Natural Gas, PG&E, Questar Gas, Southwest Gas, and Xcel Energy are now offering incentives to customers that use Xeros energy savings systems. In total eight firms are using the product.The inducements are part of an initiative under the Federal Energy Management Programs Energy Incentive Program, which rewards users of cleaning technologies meeting specific, pre-determined energy-saving milestones.Xeros polymer beads gently agitate stains and soil away from textile surfaces. The company says users also do not have to separate most colors, as the beads absorb stray dyes, and have noticed laundered items smell fresher than when washed in conventional machines.The polymer beads can also be used for hundreds of washes without losing their effectiveness, before going back into the supply chain and being recycled into items, such as car dashboards.Xeros CEO Bill Westwater said: Traditional commercial laundry machines use a tremendous amount of energy to heat a large quantity of water. using beads, made from a special stain-absorbing polymer as the active ingredient for cleaning fabrics, and washing at lower temperatures, our systems dramatically reduce the amount of water used and natural gas consumed.SAGE
6 more Six more US utility firms back Xeros technologyPublished on the18 February 2015 17:12TweetPrint thisSponsored by 0 commentsBe the first to commentSix US utility firms have agreed to offer customers financial incentives to use Xeros commercial laundry systems, it has been announced.The Rotherham-based firms machines use polymer beads to clean clothes using a fraction of the water of traditional laundry.Xeros, which is based at the Advanced Manufacturing Park, already has a growing presence in the US, with customers including hotels, commercial and industrial laundries, dry cleaners, spas and fitness centres.Columbia Gas of Massachusetts, Connecticut Natural Gas, PG&E, Questar Gas, Southwest Gas, and Xcel Energy will now offer inducements to customers for using the technology.The National Grid and Liberty Utilities previously backed the systems.The eight organisations offer a combined total of more than $275,000 (£178,200) in customer incentives for using the companys technology.The incentives are part of the Federal Energy Management Programs Energy Incentive Program, which rewards users of cleaning technologies.Xeros machines are proven to reduce natural gas usage by up to 100 per cent and water consumption by up to 80 per cent compared to conventional machines.The also use half as much detergent and helps clothes look and feel newer for longer, Xeros said.Xeros chief executive officer Bill Westwater said: Traditional commercial laundry machines use a tremendous amount of energy to heat a large quantity of water.US utility companies are seeking proactive strategies that help them and their customers save energy, reduce environmental impact and control costs.Our systems provide proven financial savings and energy conservation, as evidenced by the tremendous growth in the Xeros Utility Incentive Program, positive response from customers and accelerating adoption rate.SAGE
Re: Gathering momentum .... what sort of growth rate do you expect from here then GB ?SAGE
Gathering momentum now 8 US utilities offering incentives for xeros, nice to get into a growth story early!
Staying out of this one then ..... ...till people start talking ..... maybe ....SAGE
Is ..... ..... Neil Woodford's, and others, fund still holding Xeros ? , or have they let go now ?, and hence the big recent drop in sp ?SAGE
There were loads of people ... ..... bailing out at 174p today !! uhmmmm ....SAGE
Re: 20% drop? LoL .... no analysts had thought of that possibility !May be its the Wooden Horse of Troy situation, where profiteers take the sp right up to the wire, and then bail out !!SAGE
Re: 20% drop? Probably because Xeros sounds like a Greek company!
Re: 20% drop? Probably just profit taking then or a "tree-shake" if you believe in them.Almosst sold but decided to just hold and ride it out, especially as no news.
Re: 20% drop? No news good or badBought a very small amount more at 1.8
20% drop? No news, 20% drop? Profit taking? Has anyone heard anything?
Re: Price movement The reason I class it has high risk is that it has never made a penny of profit and I have no forecasts for 2015 & 2016. So not much to work on and my investment strategy is based on figures and 4 years of growth.However it seems great what they are doing and hotels in the US seem to be trying it out so that is encouraging.I've seen many companies that have what sounds to be a great idea, and I think so too, only to see them crash and burn. Expample Tanfield. Different sector but still it sounded a great idea.Massive potential, High Risk, Possible Great Returns so a small holding 1.2% of my portfolio, UP 50% since Nov-14 so a sensible stop loss so worst case I will come away with a small profit if things go wrong.
Re: Price movement Interesting the capital markets presentation, 100% referral from commercial laundry customers in USA, in their own words it is spreading 'virally', I would imagine the commercial customers are pocketing a few shares themselves if they think its that good.Yes you probably should class this as a high risk share, but I think the technology at least for commercial laundries is now de-risked and the market momentum is there and at least appears very strong. Now they need to worry about the 'boring bits' such as managing resource, priorities and perhaps how the established competition tries to react. Seems more noise on domestic developments as well, that's probably also sexying up the shares a bit.