Sandal plc
IP and Marketing Agreement
The Directors of Sandal plc are delighted to announce that they have concluded an IP and Marketing agreement with Chalmor Limited. Chalmor is along established business with over 30 years' experience in supplying long life energy efficient lighting products and intelligent controls for lighting, heating, water, ventilation and office equipment in the UK. The agreement will add Chalmor's proven technologically leading electronic Thermostatic Radiator Valve ("eTRV") to the Energenie MiHome system by using the MiHome RF Gateway to control the eTRV.
The agreement enables Energenie MiHome to offer Internet of Things systems for Power, Lighting and Heating and provide a true "whole house" Home Automation system and enables Chalmor to market the Energenie MiHome product range to its commercial customers thus extending the distribution reach of the Energenie MiHome products.
In addition the agreement also allows Sandal plc production rights to use its offshore manufacturing connections to optimise the eTRV product cost which will be sourced during 2015.
Alan Tadd, CEO of Sandal said "This agreement marks a considerable step forward for Sandal's continued advance into the Home Automation and Internet of Things market. I believe that this agreement will be hugely beneficial for both companies."
The directors of the issuer accept responsibility for the contents of this announcement
For further information please contact:
SANDAL PLC
| Alan Tadd | 01279 422022 |
Unit 5 Harold Close
The Pinnacles
Harlow, Essex
CM9 5TH
CITY & MERCHANT LIMITED
| David Papworth | 0207 101 7676 |
| info@cityandmerchant.co.uk |
Salisbury House
29 Finsbury Circus
London
EC2M 5QQ
Note to Editors:
Sandal plc commenced business in 1996 and designs, develops and manufactures consumer electronics products. Its business is divided into two distinct product groups, PowerConnections, a long established wholesaler and reseller of a successful and patented range of converter plugs and power cables, and Energenie, which sells a newer product range that includes energy saving products, portable charging devices and the new MiHome range of products aimed at the "Home Automation" and "Internet of Things" marketplace.
PowerConnections is a supplier to customers, in the UK and abroad, of single-phase electrical connection products. The products are manufactured in three partner factories in the Far East and have distributors worldwide for its range of patented converter plugs. The Company's product portfolio consists of International Power Leads, Rewireable Plugs, Converters and Connectors. These products are stocked in the Far East, Australia and UK. The business is profitable and cash generative and the company holds patents and trademark protections over many of these products.
Energenie offers Eco and electrical, travel and energy saving products for homes and offices, reducing energy usage and is now targetting the Home Automation sector. It has store listings for its current products with several large retailers including Homebase, Maplin, Amazon, Toolstation and ASDA. The new range of MiHome home automation products enables the remote operation of everyday household appliances and energy monitoring more accessible to consumers owing to better affordability and simplicity of control through smartphone and tablet connectivity.