Monday, 5 August 2013

PhotonStar Board Changes

PhotonStar LED Group plc (AIM: PSL, "PhotonStar" or "the Group"), the British designer and manufacturer of smart LED lighting solutions, has appointed Philip Marshall as a non-executive director with immediate effect.

Philip most recently served as the President and Chief Executive Officer at GE Lighting EMEA, the $600 million turnover division of General Electric specializing in lighting solutions. In this role, he led the infrastructure development across the entire region for GE's Lighting business, which included transitioning the business to an energy solutions provider, encompassing LED technologies. 

Prior to this, he served as the President and Chief Executive Officer at GE Industrial (low voltage) Systems & Consumer Products EMEA, a division of GE integrating the GE Industrial Systems and GE Appliances & GE Lighting ("Consumer Products") groups in Europe, Middle East and Africa. Philip holds a Bachelor of Arts Degree from Thames Valley University, and is a qualified Chartered Management Accountant

Also, PhotonStar’s Chief Financial Officer, Russell Banks, who joined the Group in April 2013, has been appointed to the board with immediate effect.

James McKenzie, Group Chief Executive, commented:
"We are very pleased to welcome Philip to the Board. He has a strong industry background and brings valuable experience in technology commercialisation and strategy at an exciting time for our business.”

Disclosures required pursuant to paragraph (g) of Schedule 2 of the AIM Rules:
Philip Antony Marshall (aged 43) currently holds, and has during the last five years immediately 
preceding the date of this announcement held, the following directorships or partnerships:

About PhotonStar LED Group PLC

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. The Company was admitted to AIM in December 2010.

Study shows benefits of better lighting for the visually impaired

Brighter lighting improves quality of life for the elderly and can reduce the number of falls, according to a study commissioned the Thomas Pocklington Trust, a charity for blind and partially sighted people.

The study looked into the needs of nine visually impaired people. It found evidence that, after lighting was improved at their homes, their standard of living was raised.

Adaptations were made in their homes, with particular attention paid to the kitchen, where all nine homes were altered. Lighting was improved by installing fluorescent strip lighting, with triple tubes replacing single or double tubes to increase the light levels. In some of the homes, spotlights were added to focus light on specific problem areas, such as the cooker.

Sarah Buchannan, research director at Thomas Pocklington Trust, believes the research is significant. ‘Our research into lighting continues to show dramatic improvements for older people’s independence and quality of life,’ she said. ‘But we believe the costs of care and support, particularly following falls, might also be cut if older people’s lighting was improved.’

However, a review by the University of Cambridge found a substantial lack of data on falls and lighting. It called for more research to establish the wider value of improving lighting for older people, to see whether taxpayer money could be saved if improved lighting reduced the risk of falls.

The study found that currently available data contains too many uncertainties and assumptions to make a calculation about the savings for the NHS if lighting in the homes of elderly people were improved.

Buchannan stressed the importance of lighting knowledge, saying that retail customers have very little awareness of the vast range of products available. 'There is so much information, and people can be nervous about electrical products. There is a real gap in getting people aware of what works. LEDs are not visible enough in the market,' she said.