RCS - FireAngel SafetyTech - Collaboration with Yale, Part of ASSA ABLOY

Fireangel Safety Technology

26/01/2023 07:00

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RNS Number : 8806N  FireAngel Safety Technology Group  26 January 2023

RNS REACH

26th January 2023

 FireAngel Safety Technology Group plc

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

Collaboration with Yale, Part of ASSA ABLOY

FireAngel (AIM: FA.), one of Europe's leading developers and suppliers of home
safety products, announces that it has signed a three-year purchase agreement
with Yale, the leading provider of smart home security solutions, part of ASSA
ABLOY, to supply FireAngel branded smoke alarms within Yale's Alarm Range.

This latest partnership marks yet another step forward in FireAngel's strategy
to expand its innovative, Internet of Things ("IoT") domestic security
solution. Furthermore, it capitalises on the Group's significant understanding
and investment in connected technology and broadens its routes to market with
the further potential to expand its IoT product portfolio under the agreement.

The FireAngel branded smoke alarms, which will utilise FireAngel's innovative
Thermoptek® multi-sensor technology, are due to be launched in 2023 in
certain countries within Europe, the Middle East and Africa.

John Conoley, Executive Chairman of FireAngel, commented: "This latest
partnership with a highly experienced global partner further underpins our
commitment to expanding our capability in IoT and connected technology and
will support our strategy to build shareholder value by leveraging our
differentiation in current and new customer markets.

"This agreement not only aligns FireAngel with a recognised household name in
the adjacent domestic security market, but additionally demonstrates the
future potential for collaborating through connected solutions."

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 joint broker)  020 7408 4050
 Tom Griffiths/David Coaten/Tom Knibbs
 Singer Capital Markets (Joint broker)               0207 496 3000
 Rick Thompson/Alex Bond
 Houston (Financial PR)                              0204 529 0549
 Kate Hoare/Ben Robinson

 

 

 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/)

About Yale

At 182 years strong, Yale is a leading security brand that protects the
people, places and things we love most. We secure millions of homes and
businesses worldwide with our innovative mechanical locks, alarms, safes and
smart locks for front doors, interior doors, cabinets, package deliveries and
more. Yale is part of the ASSA ABLOY Group, the global leader in access
solutions. For more information, visit www.yalehome.com

 

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