LightwaveRF plc (AIM:LWRF) announced that to further accelerate its development, it has decided to conduct a formal review of the various strategic options, including a potential sale of the Company to be conducted by way of a "formal sale process" under The City Code on Takeovers and Mergers (the "Takeover Code" or "Code"). The Board has appointed BDO LLP as its financial adviser for the purposes of the strategic review. The Board considers that the Company is well positioned as the only UK company offering fully integrated products that enable in-home control, monitoring and automation of lighting, heating and power. The Company has made good progress in sales growth and establishing multiple channels to market and commercial partnerships with globally recognised brands.