PhotonStar LED Group PLC (LON:PSL)

PhotonStar LED Group PLC (LON:PSL)


Share Price
0.02 p
Change
-0.0015 (-7.14 %)
Market Cap
£0.25 m
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PhotonStar LED Group PLC RNS Release

Partnership with Housing Association


RNS Number : 5341E
Photonstar LED Group PLC
19 October 2018
 

19th October 2018

 

PhotonStar LED Group Plc

Partnership with major housing association

PhotonStar LED Group Plc (AIM: PSL, "PhotonStar", the "Company" or the "Group"), the British designer and manufacturer of smart LED lighting solutions and cloud based building management services, announces that it has entered into a partnership with a major housing association in the south of England (the "Partnership") to help deliver the Association's Smart Estates vision.

The Association is one of the largest in the UK and manages over 80,000 homes. As part of the Partnership, the Association will deploy a trial to assess the scalability of a number of the solutions within PhotonStar's V2 halcyon cloudBMSTM suite of applications ("Halcyon V2") to enhance safety and the ability to remotely manage sites. These Halcyon V2 products are more mature than the other products the Association has tested previously and several other promising technologies will also form part of the trials.

The main applications that will be assessed for estate management by the Association are energy monitoring, critical assets monitoring (including heating and cooling), emergency lighting remote testing (including compliance reporting), temperature monitoring of water systems to reduce legionella risk (including compliance reporting) and general environmental monitoring.

The aim of the Partnership is to digitise the management of the Association's estate in order to reduce operating costs, allow residents to visualise building performance and manage issues to enhance customer experience.

As part of the Partnership, the Company will refine its Halcyon V2 software and products in line with the Association's requirements to deliver the Smart Estates vision following the trials.  Data from the trials will also be integrated with other systems the Association uses.

James McKenzie, Chief Executive of PhotonStar, said:

"Following the release of Halcyon V2 in May 2018, this Partnership represents a further step along the path of the Group's transformation into a software and services business.

 

The opportunity to work with the Association as part of their Smart Estates vision is one we are very pleased to be part of. I look forward to providing further updates regarding the Partnership in due course."

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

For further information:

 

PhotonStar LED Group Plc (www.photonstarled.com)

James McKenzie - Group Chief Executive

 

+44 (0)2381 230381

 

 

Northland Capital Partners Limited

David Hignell/Tom Price/Jamie Spotswood (Corporate Finance)

Rob Rees (Corporate Broking)

 

+44 (0)20 3861 6625





Peterhouse Capital Limited

Duncan Vasey/ Fungai Ndoro

+44 (0)20 7469 0930

 

About PhotonStar LED Group Plc

PhotonStar LED Group Plc is a leading British designer and manufacturer of intelligent lighting and building monitoring & control solutions. The Group's proprietary technology Halcyon™ is a scalable, secure wireless IoT platform for retrofit into commercial buildings, for energy reduction, asset monitoring & control, and real time environmental, behavioral and energy insights. Halcyon V2 supports legionella reporting, emergency lighting compliance reporting, a powerful analytics and rules engine with notifications of issues by SMS and email.

 

PhotonStar is based in Romsey, Hampshire.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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