13th Jun 2016 09:28
LONDON (Alliance News) - PhotonStar LED Group PLC on Monday said it has renewed its rolling one-year exclusive supply agreement with an unnamed "major UK housebuilder", and it will be supplying all LED lighting fixtures for the housebuilder's new homes.
The designer and manufacturer of LED lighting solutions said its supply agreement was renewed under the same rolling terms of its previous agreement, but with new upgraded LED fixture products.
The contract has been renewed every year since 2012, following a one-year trial in which PhotonStar showed cost-effective energy savings in multiple property types through a lighting upgrade, the company said.
No financial details of the contract were given.
"Our relationship with one of the UK's biggest housebuilders has progressed over more than four years to be one of trust, built on our continuing commitment to quality manufacture and technology," said Chief Executive James McKenzie.
Shares in PhotonStar were untraded on Monday at 2.50 pence.
By Hannah Boland; [email protected]; @Hannaheboland
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