In a series of upbeat presentations at yesterday’s CMD event, Xeros (XSG LN, not rated) maintained the picture of very considerable opportunities to commercialise their polymer beads technology. The initial focus is in commercial laundry, where momentum of installations is accelerating, followed closely by leather processing, where a second full scale trial has just completed. Such is the apparent added value of the sale, that Xeros is looking to establish business models, which in our view should be attractive to investors. While the domestic laundry development has been deemphasised in favour of leather processing (which frankly always looked more visible), the company hints at plenty of other substantial opportunities to deploy the technology. This continues to look like a most interesting situation.
