13 May 2013 07:00
13 May 2013
PhotonStar LED Group Plc
Awarded Department of Energy and Climate Change grant
PhotonStar LED Group plc (AIM: PSL, "PhotonStar" or "the Group"), the British designer and manufacturer of smart LED lighting solutions, has been awarded a grant by the UK Departmentfor Energy and Climate Change (DECC) for up to £372,269.
The grant has been awarded by the DECC Energy Entrepreneurs Fund and will be used to develop further PhotonStar's ChromaWhite smart circadian retrofit LED lighting solutions, particularly the ChromaWhite smart lamp, a standard lamp form factor, with full wireless control.
The grant will be paid in instalments on the completion of development certain milestones in the current financial year.
ChromaWhite is the Group's next generation light engine technology, which allows microprocessor controlled colour tuning and superior light quality, at an extremely competitive price-point.
The Group displayed its first ChromaWhite smart lamp prototype at London's Ecobuild exhibition in March 2013.
James Mckenzie, CEO of PhotonStar, commented
"This grant is a great endorsement of our energy-efficient ChromaWhite technology and will enable us to accelerate the development of our exciting product range.
"We are already making good progress with Chromawhite and are on track to have both new installation and retrofit products available for the market in 2014."
For further information:
PhotonStar LED Group plc (www.photonstarled.com) | +44 (0)2381 230381 |
James Mckenzie - Group Chief Executive | |
Russell Banks - Finance Director | |
finnCap | +44 (0)20 7600 1658 |
Geoff Nash/Charlotte Stranner (Corporate Finance) | |
Brian Patient (Corporate Broking) | |
College Hill | +44 (0)20 7457 2020 |
Adrian Duffield/Rozi Morris |
Note to editors
PhotonStar LED Group PLC ("PhotonStar" or the "Group") is a British designer and manufacturer of smart LED lighting solutions. The Group's proprietary technology seamlessly integrates LEDs, sensors and controls to provide intelligent lighting for commercial and architectural applications which benefit from greater CO2 reduction, lower cost of ownership & improved functionality compared to other available light sources.
Photonstar's lighting products have won numerous awards for performance, innovation and reliability, and are unique in the industry for the use of recycled, and recyclable materials, which means they have 90% less embodied CO2 than equivalent products providing the same levels of illumination.
PhotonStar comprises two divisions: LED Lighting Fixtures which works with lighting designers, architects, house builders, facilities management companies and sustainability consultants to provide intelligent, high-end LED lighting solutions for the commercial and architectural market, and LED Light Engines which provides LED lighting solutions for specialist applications such as film & television production lighting, UV curing and medical applications.
PhotonStar is based in Romsey, Hampshire with manufacturing in Wales.