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Corporate Update

5th Sep 2011 07:00

RNS Number : 5750N
JSJS Designs PLC
05 September 2011
 



JSJS DESIGNS PLC

("JSJS" or "the Company")

 

CORPORATE UPDATE

 

JSJS (AIM: JSJS), specialists in the design, development and manufacture of home automation systems using its LightwaveRFTM technology to enable consumers to remotely operate everyday household appliances, updates the market today on a number of commercial initiatives converted in the period since the Company's half year results to 31 March 2011 were announced in June.

 

Response Electronics Limited ("Response Electronics"), the UK's leading supplier of self-installed Intruder Alarms, has taken delivery of its first stocking order of £20,000 to service its online sales operation. With Response Electronics' staff now fully-trained and ready to support the sales force, it intends to market the full JSJS product range to its 200,000 plus strong database of existing customers as well as to the general public through www.responseelectronics.com

 

In addition, MCC Group Limited ("MCC"), an Apple premium reseller, has installed point of sale displays into its first two stores. JSJS products are now available at its outlets in Chester and Stoke, with sales already secured ahead of planned promotional activities earmarked for the autumn.

 

The Board is also pleased to note that web sales through the Company's own website www.jsjsdesigns.com, whilst comparatively small, show significant take-up reflecting a growing level of interest in JSJS products in what is a busy marketplace. As previously announced, the Company has been focusing on not only driving existing product development but also new smart technology products, to enable energy and cost savings for the end-user. The Company has recently launched an iPad-based lighting solution which can enable the user to remotely operate and control lighting from their iPad 1 or 2 devices.

 

Progress has also been made regarding product development and the Company is pleased to announce the launch of the LightwaveRFTM wifi-link in July 2011, allowing consumers to remotely control their home appliances via any web connection or smart phone from anywhere in the world. This is a key addition to the range and completes the first generation of products.

 

As highlighted at the time of the Company's interim results in June this year, there is a funding requirement to facilitate further product development and the working capital requirements associated with the increase in commercial activity. The Board is discussing several funding methods (including equity, debt and a secured convertible loan note) and will announce the outcome of these discussions once concluded.

 

John Shermer, CEO, commented: "With a pipeline of sales beginning to come through a number of different channels, the Board is confident that the comprehensive range of JSJS products are beginning to be recognised in both public and trade markets. The Board will now be concentrating on further developing these relationships and marketing through the website, contractors and other channels to roll-out the extensive product range to end users seeking cost and energy saving home automated devices. We expect further significant customer acquisition announcements in the latter part of this year.

 

"The Board and its advisers continue to work towards finding a suitable resolution to the Company's current funding requirement and a statement will be made once this has been secured".

 

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
 
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