Shares in home automation systems group JSJS Designs soared after the group won a licensing contract with the UK consumer electronics division of engineering titan Siemens.

Under the three-year agreement, JSJS will see its 'Home Automation Products' - including smartphone-operated lighting, heating and air conditioning products - re-sold by Electrium under the Siemens brand exclusively into the Kingfisher Group (which includes B&Q).

"Significant royalty fee payable on licensed JSJS products including an advance of £300,000 upon receipt of first order from Kingfisher Group," the statement said.

"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," said JSJS chief executive John Shermer.

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BC

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