Xped Limited (ASX: XPE) (“Xped” or “the Company”) is pleased to announce that it has successfully completed a scoping workshop in Shenzhen with Lenze to deliver the new generation Bluetooth based iCharger project demonstrating a significant reduction in development time for Lenze. Product enhancements to add the new functionality have been initiated, and the company is on track to supply a working solution during the month of April for pre-production evaluation prior to implementation. The current production volume of the existing iCharger device is currently in the vicinity of 4,000,000 units per month. Lenze anticipates that with the integration of new functionality, this new product will be rebranded as the “iPark” device.
We hope to be on pre-production stage this month and into production in the next couple of months or so.
XPE Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
