4th Nov 2013 09:06
LONDON (Alliance News) - PhotonStar LED Group PLC saw its shares rise strongly Monday after saying it had previewed its first retrofit smart LED lightbulb at this year's Gadget Show Live @ Christmas.
The Halcyon lightbulb system changes lighting throughout the day to emulate the changing colour and intensity of natural daylight, while the smart technology used in the system turns off lights automatically when they're not needed to save energy.
"We are pleased with the progress we have made in the development of our retrofit Halcyon lightbulbs for the consumer market. Our wireless, smart technology connects lighting to the internet of things, whilst also reducing energy consumption," Chief Executive James McKenzie said in a statement.
The company's shares were up 12.6% at 5.49 pence Monday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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