REG - FireAngel SafetyTech - STATEMENT RE: LEGAL CLAIM

Fireangel Safety TechnologyAnnouncement

28/03/2024 15:30

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RNS Number : 7810I  FireAngel Safety Technology Group  28 March 2024

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

28 March 2024

FIREANGEL SAFETY TECHNOLOGY GROUP PLC

("FireAngel" or the "Company")

 STATEMENT RE: LEGAL CLAIM

FireAngel (AIM:FA), a leading developer and supplier of home safety products,
announces that legal proceedings have been commenced against Fireangel Safety
Technology Limited, a wholly owned subsidiary of the Company (the
"Subsidiary") by Zenner International GmbH & Co KG and Minol Messtechnick
W. Lehmann GmbH & Co KG (the "Claimants") relating to the supply by the
Subsidiary of alleged defective units between 2011 and 2019.

The claim for damages was issued at the High Court of Justice, England and
Wales on 20 March 2024 and served on the Subsidiary today. The maximum value
of the claim is €7,255,505 plus interest and legal costs. In the
alternative, the Claimants seek specific performance of obligations under an
alleged warranty to repair or replace the allegedly defective units.

Having taken legal advice, the Subsidiary believes the claim is without merit
and will robustly defend the proceedings.

Noting the nature of the legal proceedings, the Company will provide further
comment at the appropriate time.

 

ENDS

For further information please contact:

 FireAngel Safety Technology Group plc         024 7771 7700
 Andrew Blazye, Non-Executive Chair

 Neil Radley, Chief Executive Officer

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

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

 

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