2
May
2024
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this
announcement via a Regulatory Information Service, this inside
information is now considered to be in the public
domain.
LifeSafe Holdings
plc
("LifeSafe", the "Group" or the "Company")
Industrial partnership agreement and
contract with Trinity Fire & Security
LifeSafe (AIM:LIFS), a fire safety
technology business with innovative fire extinguishing and
prevention fluids and fire safety products, announces
the signing of a contract between LifeSafe and Trinity Fire &
Security Systems Ltd ("Trinity
Fire & Security") for the supply of the Company's new
range of fire extinguishers filled with Multi-Purpose Fluid.
LifeSafe's Multi-Purpose Fluid is designed to
tackle multiple fire types, including Lithium-ion battery
fires.
Industrial
contract
Under the terms of this contract, LifeSafe will
supply Trinity Fire & Security with LifeSafe fire extinguishers
filled with the Company's Multi-Purpose Fluid, on an exclusive
basis in the UK. The contract is expected to generate sales of up
to £1.3 million over a three-year period.
Trinity Fire
& Security
Founded in 1997, with annual revenue exceeding
£60 million, Trinity Fire & Security operates across ten
regional offices in the UK with over 2,000 customers. Trinity Fire
& Security provides fire safety equipment and services to a
variety of sectors, including customers such as the Ministry of
Defence, NHS, IKEA, Mitie, CBRE, John Lewis, Selfridges and
Heathrow Airport.
Trinity Fire & Security is part of the
Premier Technical Services Group, which employs 2,700 people across
48 sites throughout the UK, supporting over 20,000 customers and
maintaining more than 200,000 properties.
Richard
Castle-Smith, Head of Fire Suppression, Trinity Fire &
Security, commented:
"We are delighted to be the exclusive UK
distributor of a true multi-purpose portable fire extinguisher
which is certified to combat the ever-growing risk of lithium
battery fires. The market's appetite for such an innovative
product, in what has been a slow area of development, can now be
realised."
Dominic
Berger, Chairman of LifeSafe, commented:
"The partnership agreement and contract with
Trinity Fire & Security, a hugely prestigious and respected
industry leader, follows an extensive period of testing and
approval of our new range of LifeSafe cannisters combined with our
eco-friendly Multi-Purpose Fluid, which has proven to be incredibly
effective at extinguishing multiple types of fire including
lithium-ion battery fires. This partnership marks a significant
milestone for LifeSafe and will provide access to a global market
valued at $9 billion annually."
The person responsible for arranging the
release of this announcement on behalf of the Company is Mike
Stilwell, Chief Financial Officer of the Company.
For
further enquiries:
LifeSafe Holdings plc
|
info@lifesafetechnologies.com
|
Dominic Berger, Chairman
|
|
Neil Smith, Chief Executive
Officer
|
|
Mike Stilwell, Chief Financial
Officer
|
|
|
|
Zeus (Nominated Adviser
& Broker)
|
Tel: +44 (0) 203 829
5000
|
David Foreman, Alexandra
Campbell-Harris (Investment Banking)
|
|
Alice Lane (Corporate
Broking)
|
|
Notes to Editors
LifeSafe is a fire safety technology
business that develops eco-friendly, novel and innovative fire
extinguishing and prevention fluids and life-saving fire safety
products. LifeSafe has developed a market disrupting range of
eco-friendly fire safety protection products; a new patent-pending
Thermal Runaway Fluid to combat lithium battery fires by
permanently extinguishing and preventing re-ignition, and the
StaySafe All-in-1, a handheld eco-friendly and fully recyclable
extinguisher which is verified to extinguish ten different types of
fire and is the number one selling fire extinguisher on Amazon UK.
LifeSafe is
successfully creating new markets for the Group in fire safety
through its innovative technologies, products, digital marketing
and multi-channel sales; and is continuing to develop new fluid
derivations for applications in various industrial market
sectors.
LifeSafe was admitted to trading on
AIM in July 2022 with the ticker LIFS.
For further information please
visit: https://www.lifesafeholdingsplc.com.
LinkedIn: https://www.linkedin.com/company/lifesafe-technologies
Twitter: https://twitter.com/LifesafeT