LightwaveRF PLC Expanded UK Distribution Agreement (2946Q)
September 11 2017 - 2:00AM
UK Regulatory
TIDMLWRF
RNS Number : 2946Q
LightwaveRF PLC
11 September 2017
11 September 2017
LightwaveRF plc
(AIM: LWRF)
Expanded UK distribution agreement
LightwaveRF plc ("LightwaveRF" or the "Company"), the leading
smart home solutions provider, announces an expanded UK
distribution agreement with Deta Electrical Co Limited ("Deta"), a
leading manufacturer and distributor of wiring and electrical
accessories. The agreement will target the wholesale and electrical
contractor markets in the UK.
Deta has placed an initial GBP350,000 order with the Company and
it has committed to placing a minimum of GBP2,000,000 worth of
orders during the first year of the agreement. Deta will offer a
full range of smart home products to its customers, branded Deta
Connect and Lightwave.
Commenting, Andrew Pearson, CEO of LightwaveRF, said: "We have
been working with Deta for two years, focusing on the new build
sector and we are looking forward to expanding the relationship.
Deta is an established, leading supplier to the UK electrical
wholesale market and is ideally placed to launch, promote and sell
this range of smart home devices, based on Lightwave's technology.
Deta's sales team will allow us to significantly scale up our
coverage across the electrical wholesale sector."
Gerry Barnett, Managing Director of Deta, added: "We are looking
forward to expanding our partnership with LightwaveRF through this
new agreement. The combination of Lightwave smart home technology
and our expanding range of high-quality wiring and electrical
accessories will enable Deta to deliver comprehensive and modern
smart home solutions across this important market sector."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information:
LightwaveRF plc www.lightwaveRF.com
Andrew Pearson, CEO +44 (0) 121 250
Kevin Edwards, CFO 3625
Stockdale Securities Limited www.stockdalesecurities.com
Tom Griffiths/Edward Thomas +44 (0) 20 7601
6100
Yellow Jersey PR www.yellowjerseypr.com
Charles Goodwin/Abena Affum/Katie +44 (0) 7747 788
Bairsto 221
About LightwaveRF
LightwaveRF plc ("LightwaveRF" or the "Company") pioneered smart
home automation with the introduction of the market's first
Internet enabled devices in 2008. Today the Company markets a
complete smart home system for lighting, heating, power and
security.
LightwaveRF offers a cloud platform and an extensive range of
retrofitted LightwaveRF designed and manufactured sockets, dimmers,
relays, thermostats, heating, energy, sensing, monitoring and
control devices. These devices are operated by conventional manual
control, handheld remote, smartphone and tablet based apps. The
LightwaveRF system can also be operated using Google Assistant and
Amazon Alexa voice control, is Apple HomeKit compatible and
provides users with dashboards to manage their smart home.
We are dedicated to making everyone's lives easier and more
fulfilled through world leading smart home technology.
For further information and to sign up for investor news alerts
please visit:
www.lightwaverf.com/corporate/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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