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Latest News

  • Awarded Department of Energy and Climate Change Grant

    PhotonStar LED Group plc has been awarded a grant by the UK Departmentfor Energy and Climate Change (DECC) for up to £372,269.

    • Update on year end trading and results date

       

      PhotonStar announce that following a review of its year-end figures to 31 December 2012, it now expects to report a slightly improved EBITDA result than initially indicated in the trading update of 12 February 2013.
       
      With new CFO, Russell Banks, taking up the post in early April, the Group anticipates announcing its audited results no later than the week commencing 27 May 2013.
       
       

      • Issue of Equity April 2013

        PhotonStar LED announces the issue and allotment of 525,000 new ordinary shares of 10 pence each (“Ordinary Shares”) in respect of the share element of the deferred consideration due to the vendors of Camtronics Vale Limited.

        • Russell Banks appointed finance director

          PhotonStar™ has appointed Russell Banks as Group Finance Director with effect from 2nd April 2013. David Holloway, the current finance director is stepping down and will leave the Group.

          • Year End Trading Update

             PhotonStar™ announces a trading update for the year ended 31 December 2012.

            Revenue for the year was up 44% to £8.7m (2011: £6.1m), with gross profit up 62% to £3.4m (2011: £2.1 m). The Group ended the year with a strong balance sheet, with £2m of cash at 31 December 2012 against £0.7m in 2011. The Group also has borrowing facilities of £1.3m, which are only 60% drawn, providing head- room for further growth.

            • £1.57m raised to support further growth and new lighting products

              PhotonStar LED Ltd. has raised approximately £1.57m through a placing with institutional investors to finance the next stage of its growth and specifically to fund a new wireless circadian lighting product range using the Group’s ChromaWhite technology.

              • PhotonStar shortlisted in the TechMARK awards 2012

                The 2012 annual TechMARK awards dinner will be held on Thursday 15 November 2012 where there will be another huge attendance at what has become "the" technology event of the year. PhotonStar LED Group plc has been shortlisted for the “Emerging Star” award.

                • Future Markets Demonstration at ARM TechCon 30th October 2012

                  PhotonStar LED Group plc (AIM: PSL, "PhotonStar" or “the Group”), the British designer and manufacturer of smart LED lighting solutions, has been invited by ARM Holdings PLC to provide a demonstration of LED lighting with embedded microprocessors as part of a future markets showcase at the ARM TechCon in Santa Clara, California, on 30 October 2012.

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