LightwaveRF Launches Smart Dimming Products In Wholesalers Nationwide

LONDON (Alliance News) - LightwaveRF PLC saw its shares rise Wednesday after it said it has successfully launched its smart dimming products in wholesalers nationwide.

The maker of home automation systems launched a new 'smart dimmer' which is compatible with the majority of dimmable LED lamps, and enables smooth dimming of the latest energy-saving lamps either locally or remotely using a smartphone or tablet.

Earlier this month, the company raised GBP401,000 through a placing of 1.1 million shares at 35 pence each, funds it said it will use to accelerate the development of its products to market, recruit software and hardware design resources, capture intellectual property, and improve speed to market.

At the time of the placing, LightwaveRF said it had seen "significant progress" during the first-half as technology trends such as the internet-of-things and the connected-home continue to pick up steam.

LightwaveRF shares were up 3.9% at 45.70 pence Wednesday morning.

By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty

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