9 February 2016 – new contract
The group has announced that is has signed a contract to provide and service eight of its washing machines to New York City based laundry service provider eLaundry.com. Although only small as the contract is expected to generate revenues of US$1m over its eight year life, the contract is further evidence of customer momentum building and the growing demand for the group’s innovative cleaning system. Although the shares should be viewed as a long term investment the recent weakness in the share price leads us to maintain our recommendation of LONG TERM BUY.