LightwaveRF share price jumped 77 per cent on Google Assistant launch
Smart home tech firm LightwaveRF’s share price soared today after revealing its entire product range had been added to Google Home’s voice controlled Google Assistant.
Shares in the Aim listed group climbed as much as 77.4 per cent mid-morning, dropping back to 54 per cent at pixel time.
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Assistant is Google’s challenger to Amazon system Alexa, allowing users to control lighting and heating around the house, search online for answers to questions, order groceries and run a number of other smart functions.
Chief executive Andrew Pearson said: “Voice control is now widely accepted as a key enabler for smart home solutions [and] the expansion of LightwaveRF’s voice control through this addition greatly improves the user experience for Google and LightwaveRF customers.
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“It is a testament to the quality of our technology that LightwaveRF is amongst the launch group of smart home partners for Google Home.”
The UK business is one of a number of new names added to Google Home as part of the Silicon Valley giant’s update released yesterday.