FireAngel SafetyTech - Contract win

Fireangel Safety Technology

31/03/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230331:nRSe8408Ua&default-theme=true

RNS Number : 8408U  FireAngel Safety Technology Group  31 March 2023

RNS

31 March 2023

FireAngel Safety Technology Group plc

 ('FireAngel', the 'Company' or the 'Group')

Contract win

FireAngel (AIM: FA.), one of Europe's leading developers and suppliers of home
safety products, announces that it has signed a three-year contract with
British Gas Services Limited ('BGSL') to supply a range of FireAngel branded
products through various BGSL supply, service and cover packages such as
British Gas Services and solutions and HomeCare.

The contract, which is valued at an estimated £6.0 million over its
three-year term, will build on FireAngel's existing ten-year relationship with
BGSL. The previous relationship was based on a limited range of products and
the contract was extended annually. The new contract includes the supply of a
wider range of innovative smoke, heat and carbon monoxide battery and mains
powered alarms, as well as FireAngel's Connected products for residential use.

John Conoley, Executive Chairman of FireAngel, commented: "We are delighted to
build on our ongoing valuable relationship with British Gas, expanding our
portfolio of products through BGSL. This expansion of our existing partnership
signifies further progress against our strategy to migrate to higher value
activities and commercialise our investment in Connected technology."

The Company expects to announce its final results for the year ended 31
December 2022 in late April.

 

ENDS

 

For further information, please contact:

 FireAngel Safety Technology Group plc         024 7771 7700
 John Conoley, Executive Chairman
 Zoe Fox, Chief Finance Officer

 Shore Capital (Nominated adviser and broker)
 Tom Griffiths/David Coaten/Tom Knibbs         020 7408 4050

 Houston (Financial PR)
 Kate Hoare/Ben Robinson/Kelsey Traynor        0204 529 0549

 Notes to Editors

About FireAngel Safety Technology Group plc

FireAngel's mission is to protect and save lives by making innovative home
safety products which are simple and accessible. FireAngel is one of the
market leaders in the European home safety products market.

FireAngel's principal products are connected smoke alarms, CO alarms, heat
alarms and accessories.  The Company has an extensive portfolio of patented
intellectual property in Europe, the US and other selected territories.
Products are sold under FireAngel's leading brands of FireAngel, FireAngel
Pro, FireAngel Specification and AngelEye.

For further product information, please visit: www.fireangeltech.com
(http://www.fireangeltech.com/)

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTSDWFMSEDSEFD