LightwaveRF PLC Additional distributor (0274D)
July 04 2016 - 2:00AM
UK Regulatory
TIDMLWRF
RNS Number : 0274D
LightwaveRF PLC
04 July 2016
4 July 2016
LightwaveRF plc
(AIM: LWRF)
Additional distributor
LightwaveRF plc ("LightwaveRF" or the "Company") is the Internet
of Things ("IOT") provider of the LightwaveRF platform and
connected devices enabling domestic and commercial users to
remotely monitor and control light, heat, power and security by
smartphone, tablet or PC. The Company is pleased to announce that
it has entered an agreement with an additional UK distributor, ERA
Home Security Ltd ("ERA").
Under the terms of the agreement ERA will become the LightwaveRF
distributor into key DIY retail accounts in the UK including
Kingfisher and Maplin. ERA, which is part of Tyman Plc, recently
acquired longstanding LightwaveRF customer Response Electronics who
will play an active role in management of LightwaveRF's high street
retailers.
LightwaveRF will also integrate the Response Electronics'
wireless house alarms on to its platform as well as future ERA
security systems. ERA have the leading share of the UK window and
door component market and will work with LightwaveRF to
commercialise the previously announced, LightwaveRF patent applied
for, Smart Window system.
The signing of the agreement has been sealed with initial agreed
orders of approximately GBP250,000.
Commenting Mike Lord, CEO of LightwaveRF, said: "This is a
significant building block in both our channels to market and
technology partnerships. ERA is a large and respected company that
will add significantly to the retail reach of the LightwaveRF
brand. Megaman, our current distributor, will continue to focus on
supplying the electrical wholesale market".
Will Butler, ERA's Marketing and Innovation Director added: "The
agreement with LightwaveRF differentiates the ERA product offering
and strengthens our presence with OEM's, fabricators, retailers,
builder's merchants, house builders and homeowners.
"The broadening of our product offer with the LightwaveRF Smart
Home range supports the recent Response acquisition and will
further accelerate the development of our wireless alarms,
electronic access and connected home capabilities".
For further information:
Contacts:
LightwaveRF plc www.lightwaveRF.com
Mike Lord, CEO +44 (0) 121 250
Kevin Edwards, CFO 3625
WH Ireland Limited www.wh-ireland.co.uk
Mike Coe/Ed Allsopp (Corporate +44 (0) 117
Finance) 945 3470
Jasper Berry (Institutional +44 (0) 20 7220
Sales) 1666
This information is provided by RNS
The company news service from the London Stock Exchange
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