LightwaveRF Shares Rise After Gaining Apple MFi Developer Status

LONDON (Alliance News) - Shares in LightwaveRF PLC were trading up 70% Thursday after the company said that it had been approached by Apple Inc to become an AppleMFi developer, after the number of users regularly using its mobile phone application to connect to household devices reached 20,000.

Lightwave's app allows users to connect to household appliances including lighting, heating and security using their devices to create what is called a "connected home," part of the wider internet-of-things trend.

The internet-of-things is the idea of connecting devices and products via a network, for example, controlling a home heating system through a smartphone.

As an Apple MFi developer, Lightwave will be able to use Apple's MFi logo to promote its products for Apple's iPod, iPhone and iPad devices.

Shares in Lightwave were trading up 70% at 45.00 pence Thursday afternoon, having risen as high as 96% earlier in the day.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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