LightwaveRF plc (AIM: LWRF) technology adopted by Lagan Homes in flagship development project
LightwaveRF is the creator of the LightwaveRF Smart Home Platform and products for the Internet of Things, enabling households and businesses to remotely operate and control household applications including lighting, power, heating and security using smartphones, tablets, PC and MAC applications. All the devices can be retrofitted which not only makes them easy to install but also allows buyers to buy as many or few devices as desired, making the system cost-effective and affordable for every homeowner.
Originally known as JSJS Designs, the Group became LightwaveRF in April 2014, just prior to listing on AIM. In February, LightwaveRF announced their first full year results under their new name. The 189% increase in revenue has been largely driven by the increased sales channels accessed through the Group’s partnership with Megaman UK. This relationship has also helped to eradicate supply chain costs meaning that despite the increased revenues, administrative expenses increased by only by 5.8% in 2014. In 2014 the Group also began to sell their lighting products overseas through a distribution deal with Neonlite, which, at present supplies…