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LightwaveRF PLC (LWRF)

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Monday 30 June, 2014

LightwaveRF PLC

Major International Distribution Agreement

RNS Number : 8191K
LightwaveRF PLC
30 June 2014
 



LightwaveRF Plc

(AIM: LWRF)

30 June 2014

Major International Distribution Agreement

 

LightwaveRF plc ("LightwaveRF Plc" "the Company"), British specialists in Radio Frequency technologies which has created the LightwaveRF connected home platform enabling households and business to remotely operate and control household applications including lighting, heating and security using smartphones, tablets, PC and MAC applications, today announces signing Heads of Terms with Neonlite Electronic & Lighting (HK) to distribute the LightwaveRF range of wireless lighting controls to Neonlite's distribution network across 84 countries under their Ingenium brand.

Under the terms of the agreement Neonlite, who showed the products at the recent Frankfurt and Hong Kong Global Lighting shows, will manage the full sales, marketing and branding of a wireless lighting control product range including the LightwaveRF Wi-Fi hub. This allowsreal-time remote control and monitoring via the LightwaveRF 'Internet of things' Cloud services. 

 

Initially targeting key marketsincluding Germany and France the product is expected to roll out to the full Neonlite network during 2015.

 

The agreement follows the new LightwaveRF business model with product being supplied for cash ex works therefore requiring no working capital. The detailed commercial agreement and initial sample orders are expected by the end of September.


Commenting, Chairman & CEO Mike Lord said:

 

"As I mentioned in my annual report we are now focused on international markets as well as the UK and I am pleased that we have had such good progress only a short time later. We expect that the impact of this agreement will substantially grow our existing volumes."

 

 

About Neonlite:

 

Neonlite market their products under the Megaman brand which is a global brand in high-performance, energy-efficient lighting and an innovative leader in LED and CFL lamp design, with technology targeting the best eco-lighting solutions. MEGAMAN® products are widely distributed throughout the world, including Europe, Asia Pacific, Middle East, Africa and South America, covering more than 90 countries. By setting environmental management as one of the company's highest priorities, MEGAMAN® is focusing on eco-friendly environmental processes from initial design, to manufacturing, research and development, and the disposal and recycling of its products.

 

 

 

For further information:

 

Contacts:

 

 

 

LightwaveRF Plc

www.lightwaveRF.com

Mike Lord, CEO

+44 (0) 1902 500 562



WH Ireland Limited

www.wh-ireland.co.uk

Mike Coe, Ed Allsopp (Corporate Finance)

+44 (0) 117 945 3470

Jasper Berry (Institutional Sales)

+44 (0) 207 220 1690

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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