Anyone have any idea's on where this one is going & whether it is a good recovery buy?

Found an older article
iLight launches compact touch screen and interface products at CEDIA

28 June 2005

A new compact colour touch screen has been introduced by iLight for their intelligent lighting control systems. Launched at CEDIA Expo 2005 UK, the unit has a 3.5 inch backlit LCD screen, giving it a discreet presence and enabling it to fit in a standard double gang backbox.

Easy to use, the screen is software configurable, enabling the controls to be custom designed for the precise requirements of the user. Building plans, photos and 3D graphics can be incorporated in the display to enable simple fingertip selection of lighting scenes, as well as providing control of other integrated systems such as audio, security, heating and blinds.

Also introduced by iLight at CEDIA is their new iCAN/RS232 serial interface. This system integration node allows third party equipment to be controlled from an iLight iCAN network via their RS232 serial ports and allows the iCAN network to become the hub of a smart home. Typical equipment controlled includes audio systems, TVs, projectors, blinds, curtains, security and fire alarms and surveillance systems.

The device has two RJ45 network sockets and a 9 pin D-type RS232 port operating at 9600 baud. Fully programmable serial commands and command sequences can be triggered from any control panel (including the new compact touch screen) on the iCAN network or from other devices or systems through iLight's network interfaces.

Also announced is the iCAN Ethernet gateway which provides the system with a connection to a local area network and thereby allows it to be linked in to the Internet. This enables remote control, programming and diagnosis of a lighting control network and connected systems from anywhere in the world. It also enables direct connection of the control system into a WiFi wireless network giving the convenience of system configuration carried out using a WiFi enabled laptop.

Notes for editors

iLight's acquisition by Polaron plc last year means that the group remains intact, while benefiting from the increased resources arising from being part of Polaron's control systems division. Committed to market leadership within Europe, iLight also has a strong presence in the Middle East and Australasia.

Results out today look good, should prove a good long term recovery play

LONDON (AFX) - High tech group Polaron PLC reported a 25 pct rise in its underlying full year profits, and announced the management buyout of its FastTrak software publishing unit.

The AIM-listed controls and nanotechnology group reported year to June pretax profit before exceptionals and goodwill rose to 1.32 mln stg from 1.06 mln. Turnover rose 40 pct to 18.8 mln. Pretax profit rose 66 pct to 1.26 mln from 0.76 mln. The final dividend was raised to 0.9 pence from 0.25 pence.

Chief executive Joe Stelzer said the group is financially strong at the end of its first full year as an AIM-listed group, 'and I remain confident about the company's prospects for 2006 and beyond.'

He said the company has met its revised performance targets for the year, and added that its 'numerous sales prospects will result in orders, although the timing of them remains difficult to predict.'

Polaron said it has sold FastTrak to FastTrak's managing director Jon Silvera and Polaron's former finance director, Jonathan Clough for a total of 170,000 stg. The disposal follows the termination of FastTrak's relationship with its major licensing partner, Magix AG, whom FastTrak plans to sue for breach of contract. Polaron will pay for the legal action, and in return, FastTrak will pay Polaron the majority of any money won.

FastTrak reported year to June pretax profit of 0.04 mln stg and turnover of 1.39 mln.

and a dividend too.........21 September 2005


Polaron plc

Dividend payment date


Following the preliminary announcement released this morning, Polaron plc
confirms the preliminary dividend record date as 30 September 2005 and the
preliminary dividend pay date as Monday 7 November 2005.

and tipped on Citywire as well

Up 18% today...

But that only gets them back to just below my entry price may last year, so hardly a stellar record. Said it would take patience! Results next week will hopefully have news on progress in the US to bolster what should be a decent performance elsewhere.

Results show core business fine, but potential of nanotechnology still looks years from realisation.Could be a brave decision to exit that area and focus on the growing electronic controls side.Shares battered initially, but imo may recover.Marginal call, but decided to hold mine.