9 May 2011 07:00
JSJS DESIGNS PLC
(AIM: JSJS)
Licensing Contract Secured with Siemens AG and Electrium Sales Limited for JSJS Home Automation Products
The Board of JSJS Designs Plc ("JSJS" or "the Company"), AIM listed specialists in the design, development and manufacture of home automation systems, is delighted to announce a significant licensing agreement with Electrium Sales Limited ("Electrium"), the UK consumer electronics division of Siemens AG. ("Siemens") (the "Agreement").
HIGHLIGHTS:
·; Landmark licensing contract with Electrium for JSJS home automation products;
·; Under the agreement Electrium will re-sell JSJS products under the Siemens brand exclusively into the Kingfisher Group;
·; The agreement runs initially for three years with an option to extend; and
·; Significant royalty fee payable on licensed JSJS products including an advance of £300,000 upon receipt of first order from Kingfisher Group.
The Agreement is the result of a two year process that has seen Siemens selecting products from a range of products from within the JSJS technology portfolio.
Under the terms of the Agreement, Electrium will license the JSJS' range of competitively priced home automation products ("Products"). The Agreement, which runs initially for three years with an option to extend, will enable Siemens to re-sell JSJS' Products under the Siemens brand exclusively into the Kingfisher Group of companies (which includes B&Q). JSJS will receive a royalty based on sales achieved by Siemens over the life of the contract including an advance of £300,000 upon receipt of the first order from Kingfisher Group.
The Products empower retail consumers to remotely operate, via iPhone or other Smartphone applications, everyday household appliances, such as lighting, heating, air conditioning, door entry, audio, video and security. The Products, which come in the form of light switches, dimmers and mains power sockets are based on JSJS' Radio Frequency (RF) LightwaveRF technology and are specifically designed for consumers seeking to retro-fit smart home technologies. As well as the increased functionality and flexibility it enables independent living for the elderly and physically immobile and to help consumers save energy and costs. Other similar products can only achieve the degree of sophistication in sequencing and mood settings at significantly higher costs.
John Shermer, JSJS Chief Executive, commented: "Today's landmark Agreement represents a major endorsement of the Company's technology from a global giant that has the world's leading building management systems, EIB - bus, and probably the best known home control technology in the KNX system.
The Company believes today's Agreement, that encompasses both Siemens AG and The Kingfisher group, validates both the technology and its commercial potential and will enable JSJS to attract other leading buyers to its LightwaveRF technology."
Contacts: |
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JSJS Designs Plc | www.jsjsdesigns.com |
John Shermer, CEO | +44 (0) 1902 500 562 |
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WH Ireland Limited | www.wh-ireland.co.uk |
Mike Coe / Marc Davies | +44 (0) 117 945 3470 |
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SVS Securities Plc | www.svssecurities.com |
Ian Callaway / Alexander Mattey | +44 (0) 20 7638 5600 |
Yellow Jersey PR | www.yellowjerseypr.com |
Dominic Barretto | +44 (0) 7768 537 739 |
About JSJS Designs
JSJS Designs develops home automation systems to enable consumers to remotely operate everyday household appliances, such as lighting, heating, air conditioning, door entry, audio, video and security. The Company is targeting the potentially significant mass market as consumers increasingly seek to "retro-fit" smart home technologies into their homes and, in the longer term, the "extra care" residential market where there is demand from the providers of such schemes to enable independent living for the elderly and physically immobile.