RE: Financial Times8 Feb 2014 17:29
JSJS Designs turns up heat with remote controls order
A big order on Thursday boosted JSJS Designs, the tiny Aim-quoted company that makes gadgets allowing homeowners remote control over their lights and electrical appliances, writes Kate Burgess.
The Birmingham-based group’s shares rose 16 per cent to 0.9p after it said it had received an $800,000 order from its UK distributor for a product enabling consumers to turn individual radiators on and off via their mobile phones or the web.
The energy saving system, which will be available from April, has been tested by Warwick University. It was a fillip for the company, which faces increasing competition in the market in “smart” systems and home automation technology and reported pre-tax losses of £409,000 in the half year to March 2013 on revenues of £476,000.
JSJS’s shares, floated on Aim at 2p in 2008, are still a long way off their 2009 high of close to 4p.