XYREC has been sufficiently funded to enter the market and expand its organization to sell its robots and supply customer support. Funding has been provided by the Dutch Government, that has granted us an innovation credit, and by 17 informal and one formal investor.
In addition, XYREC has favorable agreements with several suppliers that have great interest in developing new markets for their technology and supporting facilities. In the medium term, XYREC plans to provide robots in operational lease, scale up the organization to multiple markets and seek strategic partnerships to accelerate value creation for our customers.
Interested parties are invited to contact investor relations.