LightwaveRF PLC AGM Statement (0165X)
April 25 2019 - 2:00AM
UK Regulatory
TIDMLWRF
RNS Number : 0165X
LightwaveRF PLC
25 April 2019
25 April 2019
LightwaveRF plc
(AIM: LWRF)
AGM statement
At its AGM to be held at 12.00 noon today, Barry Gamble,
Chairman of LightwaveRF plc ("LightwaveRF" or the "Company"), the
leading smart home solutions provider, will make the following
statement:
"We continue to experience growing interest and demand for
Lightwave products. This is supported by the investment being made
in marketing and sales, which is generating greater awareness and
improved consumer engagement. Strong product reviews and customer
service feedback are also making their contribution to this trend.
As a result, earlier this month the Company announced that revenues
for the first half of the financial year had more than doubled
those of the previous year's first half and that it expects this
momentum to be maintained through the second half of the year.
"In addition, the Company is pleased to announce that it has
signed an agreement with Rexel to supply its 230 branch UK network
distributing to the electrical wholesale trade. This adds a further
important element to the existing trade sales channels. Direct to
consumer (online and tele-sales), retail distribution (online and
in-store), including the recent entry into Europe, continue to
develop and underpin the further progress now anticipated.
Established retail outlets now include Apple, John Lewis,
Selfridges, Amazon, BT Shop, Dixons Carphone and Screwfix.
"The Company will provide a further update in the announcement
of its interim results for the six months ended 31 March 2019,
which is expected to be released by the end of May 2019."
For further information:
LightwaveRF plc www.lightwaveRF.com
Jason Elliott, CEO +44 (0) 121 250 3625
Kevin Edwards, CFO
Stockdale Securities Limited www.stockdalesecurities.com
Tom Griffiths/David Coaten +44 (0) 20 7601 6100
Yellow Jersey PR www.yellowjerseypr.com
Charles Goodwin/Annabel Atkins +44 (0) 7747 788 221
About LightwaveRF
LightwaveRF plc is the UK's only fully integrated home
automation company.
New customers typically buy a starter pack of Link Plus hub and
smart dimmer which has Apple HomeKit compatibility, 2-way
communication and built-in energy monitoring. Later adding other
easy to install devices from the Lightwave range enables further
in-home control, monitoring and automation of lighting, heating and
power.
Devices may be operated manually, by smartphone or tablet-based
apps and also through Google Assistant and Amazon Alexa voice
control.
Leading tech industry publication 9to5 Mac describes Lightwave
as "the best UK HomeKit solution for smart lighting".
For further information and "Newsletter sign up", please
visit:
www.lightwaverf.com/corporate/
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END
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