XYREC has been sufficiently funded to enter the market and expand its organization. Funding has been provided by the Dutch Government, that has granted us an innovation credit, and by informal investors.
In the next years, XYREC will focus on rolling out their robots in the US. To quicken this process XYREC offers (de)paint jobs “as a service” whereby the operator pays per job. This softens the CAPEX decision for the operators and speeds up the roll-out. Later on this strategy will be deployed to multiple markets and therefore we seek strategic partnerships to accelerate value creation for our customers.
Interested parties are invited to contact investor relations.