will be delighted by this. It shows continued growth :-)
positiveframe - bit galling that about the only company on that page not to actually be linked to the company is LightwaveRF! :-(
Hi 5SERIESM. Sorry, I made a mistake in who took the dedicated sales reps on...it was Megaman that did that, not LWRF. And no, they weren't named. I'm pretty sure the more expensive system used by Warwick Uni was Siemens - it took a lot of computing power, and was complicated, so that they had to have people specially looking after it, and if it went wrong, it was really expensive. I think I said this, but it seemed they were wary of having to change any settings as it was pretty complicated, and would be expensive to fix.
Oh yes, as somebody suggested earlier, the company is now a lot more careful about getting patents for ideas and products, and patents are now a matter of course (there are a couple on the go even now). They continue to look for more distributors like Megaman on the continent. Interest was drummed up from those samples that went out, however, though there is interest, various potential business has been delayed by quibbling over various things. The orders that were sitting on the books at year end are, unfortunately, still awaiting shipment. (I’m afraid I didn’t catch all of this discussion, but it was more about delays than disinterest). The LWRF products have not only been successfully tested in Warwick University (+ hotel), but have also been installed in a school/ dentist (mentioned here already)/ care home and other small businesses. The board feel that medium sized businesses might be the biggest area of expansion in the future (the company’s ‘niche’). The company has taken on a couple of dedicated representatives to approach/visit businesses for presentations and so far have gone out to a fair few. It is felt that the seeds of the system are being sown, and rewards will be reaped later…it is not a fast process. As someone said, ‘It’s a no-brainer!’ for the benefits a company could reclaim from installing the system, which is not only cheaper and easy to install, but is easier to use/manage and the savings are substantial. Also, because of this latter point, that it is expected that business use might be a larger area of expansion than even domestic use, then the ongoing difficulties of creating an app to control so many different products/sensors might not be such an issue. Talking of which, they are very aware of ongoing issues. The problem comes from, as I said, having to deal with such a wide range of products rather than just one or two. Some companies would like an app for only managing lighting or only managing heating, so they are considering whether it might be good to create apps for each particular area, as well as continuing to develop a better ‘domestic’ or universal app, one that is more intuitive. A little thing, but they also want to pretty-up the thermostat so it looks as good as the rest of the range. There was a feeling that the ‘big guys’ in home automaton didn’t have everything LWRF has to offer, and that, once word of the companies products and system gets out more, we will have a competitive edge in the market, and (as said above) will have a particular niche that we excel in (medium businesses). Right, unless anyone asks a particular question, that’s all I have for now. There’s so much information (it was an intense hour and a half)! So, feel free to ask.
The Warwick University project is being extended a further year to include a second winter, and to get more information. However, this is with the agreement that a report will be made available for the end of the first year (end April?). I hadn't realised how many companies had bid to be part of the Warwick Uni project (apparently we won the bid out of about 500 companies because of how innovative our designs are). Certain other things were learnt from installing the products in the University - eg unlike when installing in a school, when the guys could zip in and out, all done, in a day - because of how the University is used, it took a lot longer to actually get into the rooms. Because of this, it was a matter of months before they could get access to fully install. However, the users love that it uses negligible internet and doesn't slow usage for users at all(one worry they had) and also how easy it was to manage compared to the system (well known brand, trying to remember which one) already installed which they hated, and which was not only really expensive to fix if it went wrong (so nobody dared touch it) and took up a large room of computers to run. There was talk about sensors for gas/electricity use, which could also be managed (and the information could also feed into the system's data collection) Oh, there was a discussion a few days ago about how many ‘live’ homes there are now. It seems there are about 15K in the UK and about the same in Europe = 30K (mg78 – did you catch that?) Another thing is how everything fits together with the IoT. Someone here asked me to ask if we might sign up to one of the global standards groups? Mike’s answer to that was that it would be too limiting. By signing some such agreement, it would put limits on developments, and that wasn’t such a great idea. We want to be free to expand in any direction. Also, many of the standards are not really compatible with our design, for instance, we use a different radio frequency than some of the stronger global standards groups and their frequencies aren’t really relevant to the use of our products. That won’t exclude our products linking with other products, but guards our freedom to innovate where we please. Design ideas for IOT products and systems in abundance, obviously restrained by financial constraints. Also discussed was the security products issues, in that finding the right product to work with the LWRF system has not been so straight forward. However, there are talks other companies re their camera, and how it could be integrated with our products. In process. What else (unfortunately, like last year, I didn’t write it down…if you have anything to ask, I’ll try and see what I can remember on the issue) Oh yes, as somebody suggested earlier, the company is now a lot more careful about getting patents for ideas and products, and patents are now a matter of course (there are
Apologies for not rushing on here and keeping you in suspense. I thought somebody else might've already done a summary of the AGM by now. I'll do my best to remember the salient points, but I missed the beginning of the meeting having been caught up in traffic, so took a bit to settle in.... So, for starters, first impressions is that, yes, the board are still very upbeat about the company. Of course they are. They have a great product and the expansion of the company is happening! Unlike some companies, their being upbeat isn't a front, but comes from confidence of the product, where it is and where it's going. I presume (since I missed it) that the meeting opened with the passing of the resolutions (straight forward voting, I guess). I didn't hear about JS's directorship, so I presume that came at the beginning before I got there too. After that was a slide-show presentation not dissimilar to last year's so, for me, it was a reiteration of last year's goals. However, it included some of this year's updates. One of the things that interested me most was an impressive presentation by John Shermer on Warwick University and the information that has been gleaned from the exercise and how it could translate into future progress. John demonstrated with live visual data how easily the LightwaveRF system can be used in all manner of ways. Eg control and management: 1. The screen diagram showed how rooms in the University were being used, whether someone was occupying a room, what temperature they chose to have their room. 2. An alert showed if an occupier of a room had opened a window, or if a battery was running low/ needed replacing in any particular control or sensor. 3. If a window had been opened, but the occupant had left the room, this would create a new, lower, temperature goal, thereby reducing wasted heat. 4. All the details of each control/sensor in any room could be remotely accessible, so that, for instance, if someone had problems with it, the settings can be individually adjusted. Also demonstrated was how easily the information collected from individual data, whether in the home or in a business, could be harvested and sold on to energy companies as general information, eg whether households/businesses on one side of the country used their energy in a different way to another part. Because of the breadth of the products, a larger range of usage can be taken into account than if any of the 'big guy' companies were to do it. This whole conversation was an expansion of last year’s ideas about it. It seems that we now know we are perfectly capable of monetising this data. Energy companies have approached LWRF to this effect. This is one form of ongoing income that can be made from a large customer base. In fact, this might well become a huge by-product of the whole system! The Warwick University project is being extended a further year to include a second winter, and to get more information. However, t
Oh, forgot to say, that was when it was still called JSJS Designs
skier - it's still a long way from the price I first bought in at (old 1.25p before consolidation = 62.5p), and that was nowhere near the price at its height after float (highest was equivalent to £1.91 post-consolidation see the 'max' graph on Morninstar: http://tools.morningstar.co.uk/uk/stockreport/default.aspx?Site=uk&id=0P0000INS4&LanguageId=en-GB&SecurityToken=0P0000INS4]3]0]E0WWE$$ALL ) When it gets back to 62.5p, I'll be smiling :-)
Sorry, I meant to say *shares: 12.1M in circulation; authorisation of 20M
that LWRF have authorised of up to 20M, the difference of which from that in circulation they may or may not release to the public, or to other companies/big investors, or to directors as enumeration...but still, even with 20M, that really isn't much! http://www.lightwaverf.com/investors
Perhaps other people read that article too, confusion! Thanks for sharing it :-)
- good news.
Hi adgb I don't recall there being any conversation about JS 'withdrawing' at the AGM. I believe the only thing that has been referred to is that his services will will be retained in a consultant capacity. Other than his obvious sales noted in the RNSs, I don't think I'd like to assume anything...?
That's why one 'buys and holds' pablo...you just don't know when it's going to go up, do you. But, going up's never in a straight line, so there'll likely be dips to buy one. How I invest is the 'if it's a good price' way...buy because you think it's good value. I first bought at 1.25p (old JSJS shares) but was lucky enough to have the sp drop below this right down to, what, 17p or something? well, I think that was my lowest buy anyhow. Even now, I'm thinking it's still extremely good value, and I'd certainly buy up until, and beyond, my original buying price (equivalent to 62.5p LWRF)...I reckon it's going to hit the £1 at some point over this year...but maybe there's as much hope in there as there is facts and figures...we'll see when the half-year figures come up...I suspect we might all be underestimating...I hope so anyhow :-) Long term (years rather than months) I'm thinking this is a good investment...but, of course, all IMHO and DYOR (which I'm sure you do :-) )
LightwaveRF PLC Smart Dimmer LightwaveRF Plc (AIM: LWRF) LightwaveRF plc ("LightwaveRF" or the "Company"), the creator of the LightwaveRF Connected Home Platform and products for the Internet of Things enabling households and businesses to remotely operate and control household applications including lighting, heating and security using smartphones, tablets, PC and MAC applications, today announces that, following a successful launch, its Smart Dimming products are now available in wholesalers nationwide. John Shermer Managing Director commented: "Anyone who has tried to use an ordinary dimmer with unsuitable LED based lamps or lighting systems will know that the results can be disappointing. Extreme flickering, unsmooth light variation or even complete failure can be the result, because LED technology is quite different to that of incandescent lamps." LightwaveRF has introduced a new 'Smart Dimmer'mwhich is compatible with the majority of dimmable LED lamps, enabling smooth dimming of the latest energy-saving lamps either locally or remotely using a Smartphone or Tablet. The dimmers are not only LED compatible, but they also have an intelligent 5-level dimming depth option. When the LED lamps are installed, the dimmer can be adapted to a particular lamp's lowest dimming point, making it a simple and truly compatible solution. Once the new dimmers are fitted, they can be controlled either manually, locally using a handheld remote, or from a Smartphone. The LightwaveRF app, (free to download from the App Store and Google Play), also allows users to set 'timers' and 'events' so that a house can look occupied even if there is no one at home. This lighting feature works seamlessly with LightwaveRF heating and power controls to ensure that the entire performance of your home is in your hands wherever you are. Because LightwaveRF systems are modular and all devices are fully compatible with each other, the Smart Dimmers (Model No. JSJSLW400/420/430/440) can be installed at any time and work smoothly with other devices already installed. They mark a significant step the company's goal of providing Eco friendly Connected Home solutions at an affordable prices.
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Like you, I can only wait to hear about orders etc, and I'm not going to try and guess this one...I can only hope the production problem gets sorts out - ie production is raised substantially to deal with demand
Yes, Singapore would be rather a long way to come for such a short meeting! I seem to remember that they were pleased because Megaman was taking over that side of the production and stocking, and that they were having meetings in several other countries (one of the BoD, can't remember which, had literally flown back from somewhere for the meeting, and was going on somewhere else) to find other distributers like Megaman. However, I don't recall whether the specific issue of lack of stock on the shop floor was discussed - sorry.
Hi Dusty The information about the hotels was given at the AGM. I wrote to ML about a month ago saying I thought it was about time an update on Warwick was officially out in an RNS, and he agreed at the time, but doesn't seem to have done it yet. It was all very good - 25 to 40% energy saving is HUGE for organisations such as universities. If I remember rightly about what ML said at that meeting, I think the sort of bill the uni will usually have is about £4M so a saving of even the lowest estimate is a million pounds! And at the higher end £1.6M That can't be sneezed at in this day of cuts and austerity! It's possible there wasn't a RNS about this yet is that it was a year-long study, I think? However, since they said it at the meeting, I agree, they should make it generally known.
Yes, agree, Kaching...the consolidation is the only thing that's a mystery and hasn't been answered to my satisfaction, considering how relatively few shares there were in circulation beforehand! I have to trust that they know what they're doing and why they're doing it. Having met ML, I really do think he has a good reason, just not satisfied that it's good for the shareholders at the time.