Will be one of the first contracts16 May 2018 16:39
28th April 2017
PhotonStar LED Group Plc
Proposed roll out of Halcyon IoT platform
PhotonStar LED Group Plc (AIM: PSL, "PhotonStar" or "the Company"), the British designer and
manufacturer of intelligent lighting and building control solutions is pleased to announce that it
has received a letter of intent (the �LoI�) regarding the proposed roll out of the halcyonPRO2 and
its halcyon CloudBMS platform.
The LoI has been received from a leading manager and developer of student accommodation in
the UK (the �Customer�) following a 9 month trial period that commenced in July 2016. During the
trial period the Company�s Halcyon Internet of Things (�IoT�) platforms were installed to evaluate
the use of Halcyon in reducing the operating costs of the accommodation buildings for the
Customer. The initial trial incorporated 167 rooms on one site and demonstrated significant
maintenance savings to the Customer.
Pursuant to the LoI, it is proposed that approximately 50,000 of the Company�s Halcyon devices
will be installed. The Customer has multiple sites in 24 UK cities which will now be surveyed to
assess the individual requirements for each site. It is envisaged that the installations will begin
during the summer months when the student accommodation is vacant. The benefits of the
reduced operational costs come from cloud based monitoring rather than the traditional engineer
site visit approach, with maximum benefit for the Customer being derived from the connection of
the accommodation sites to the halcyon cloudBMS system.
Due to the practicalities of this roll out it is intended that each site will have its own purchase
order issued to the Company and there will not be a single large formal contract which covers all
the installations. The Company will provide further announcements regarding the installations as
appropriate.