Licensing Contract Secured with Siemens (1421G)
May 09 2011 - 2:00AM
UK Regulatory
TIDMJSJS TIDMSIE
RNS Number : 1421G
JSJS Designs PLC
09 May 2011
JSJS DESIGNS PLC
(AIM: JSJS)
Licensing Contract Secured with Siemens AG and Electrium Sales
Limited for JSJS Home Automation Products
The Board of JSJS Designs Plc ("JSJS" or "the Company"), AIM
listed specialists in the design, development and manufacture of
home automation systems, is delighted to announce a significant
licensing agreement with Electrium Sales Limited ("Electrium"), the
UK consumer electronics division of Siemens AG. ("Siemens") (the
"Agreement").
HIGHLIGHTS:
-- Landmark licensing contract with Electrium for JSJS home
automation products;
-- Under the agreement Electrium will re-sell JSJS products
under the Siemens brand exclusively into the Kingfisher Group;
-- The agreement runs initially for three years with an option
to extend; and
-- Significant royalty fee payable on licensed JSJS products
including an advance of GBP300,000 upon receipt of first order from
Kingfisher Group.
The Agreement is the result of a two year process that has seen
Siemens selecting products from a range of products from within the
JSJS technology portfolio.
Under the terms of the Agreement, Electrium will license the
JSJS' range of competitively priced home automation products
("Products"). The Agreement, which runs initially for three years
with an option to extend, will enable Siemens to re-sell JSJS'
Products under the Siemens brand exclusively into the Kingfisher
Group of companies (which includes B&Q). JSJS will receive a
royalty based on sales achieved by Siemens over the life of the
contract including an advance of GBP300,000 upon receipt of the
first order from Kingfisher Group.
The Products empower retail consumers to remotely operate, via
iPhone or other Smartphone applications, everyday household
appliances, such as lighting, heating, air conditioning, door
entry, audio, video and security. The Products, which come in the
form of light switches, dimmers and mains power sockets are based
on JSJS' Radio Frequency (RF) LightwaveRF technology and are
specifically designed for consumers seeking to retro-fit smart home
technologies. As well as the increased functionality and
flexibility it enables independent living for the elderly and
physically immobile and to help consumers save energy and costs.
Other similar products can only achieve the degree of
sophistication in sequencing and mood settings at significantly
higher costs.
John Shermer, JSJS Chief Executive, commented: "Today's landmark
Agreement represents a major endorsement of the Company's
technology from a global giant that has the world's leading
building management systems, EIB - bus, and probably the best known
home control technology in the KNX system.
The Company believes today's Agreement, that encompasses both
Siemens AG and The Kingfisher group, validates both the technology
and its commercial potential and will enable JSJS to attract other
leading buyers to its LightwaveRF technology."
Contacts:
JSJS Designs Plc www.jsjsdesigns.com
John Shermer, CEO +44 (0) 1902 500 562
WH Ireland Limited www.wh-ireland.co.uk
Mike Coe / Marc Davies +44 (0) 117 945 3470
SVS Securities Plc www.svssecurities.com
Ian Callaway / Alexander Mattey +44 (0) 20 7638 5600
Yellow Jersey PR www.yellowjerseypr.com
Dominic Barretto +44 (0) 7768 537 739
About JSJS Designs
JSJS Designs develops home automation systems to enable
consumers to remotely operate everyday household appliances, such
as lighting, heating, air conditioning, door entry, audio, video
and security. The Company is targeting the potentially significant
mass market as consumers increasingly seek to "retro-fit" smart
home technologies into their homes and, in the longer term, the
"extra care" residential market where there is demand from the
providers of such schemes to enable independent living for the
elderly and physically immobile.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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