JSJS DESIGNS PLC Preliminary Final Results
The Board of JSJS the provider of innovative home automation technologies, announces today Final Results for the year ended 30th September 2011.
CORPORATE HIGHLIGHTS
- A transitional period which has seen the Company’s portfolio of eco-money household applications move from development to market phase.
- Successful placing of approximately £1 million (gross) (29th September 2011 – £500,000 and 17th October 2011 – £500,000).
- Initial three year re-selling contract with Electrium, under the Siemens brand, with £300,000 royalty payment upon receipt of first order from Kingfisher Group received in October 2011.
- Company joins EU-funded international collaboration project to introduce an energy independent wireless door handle locking system.
- Our Distributor in Thailand has secured the supply of LightwaveRF products with Thailand’s largest property developer, Pruska Real Estate public Limited, expected to have a value of circa £150,000, in the first half of 2012.
- Board reorganised and strengthened.
The Chairman commented, “I am pleased to report on my first set of Final Results for the Company, a period which has seen me move from an independent shareholder to Chairman,and then Chairman and Chief Executivecombined. John Shermer and John Sinclair, both founders of the Company,remain integral in theday to day operations and are now wholly focused on further product development and market roll-out.”
The period under review has seen JSJS evolve from a Radio Frequency technologies development phase, through our acclaimed brand LightwaveRF, to a market phase now trading through a number of key distribution channels including an exclusive agreement with the Kingfisher Group (which includes B&Q); Response Electronics Limited, the UK’s leading supplier of self-installed Intruder Alarms; MCC Group Limited, an Apple premium reseller; and our website at www.jsjsdesigns.com.