18th Nov 2013 12:11
JSJS DESIGNS PLC
(AIM: JSJS)
UK Distribution Update
JSJS Designs Plc ("JSJS" or "the Company"), the provider of innovative home automation technologies, today announces an order for their LightwaveRF product range from Megaman, their exclusive UK distributor. The order follows the appointment in September of Megaman as the Company's sole distributor in the UK with effect from 1st November 2013.
To date the company has shipped a total value of over $200,000 to Megaman. The Company has now received additional orders of $2,886,328. All the orders received are scheduled for despatch between now and the end of April 2014. The total orders received to date from Megaman total $3,288,070.
In addition the Company announces that it has successfully implemented a price increase and removal of margin support with immediate effect increasing retail prices by on average 18%. This increase will affect all deliveries made to and by Megaman on orders received after 1st November.
The company also announces that it has invoiced the first £100,000 tranche on its Warwick University project previously announced in September.
Commenting, Mike Lord, Chairman and CEO said:
"These orders alone represent more than a doubling of the Company's turnover in FY 2013/14 once delivered. They also reflect the power of the distribution and working capital muscle that Megaman brings to our market leading products. We expect more orders in due course for our new heating products which we are now installing under contract at Warwick University as previously announced".
Contacts: | |
JSJS Designs Plc | www.jsjsdesigns.com |
Mike Lord, CEO | +44 (0) 1902 500 562 |
WH Ireland Limited | www.wh-ireland.co.uk |
Mike Coe | +44 (0) 117 945 3470 |
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