RCS - LifeSafe Holdings - Strategic Partnership

LifeSafe HoldingsAnnouncement

26/09/2023 07:00

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RNS Number : 6563N  LifeSafe Holdings PLC  26 September 2023

For immediate
release
26 September 2023

 

RNS Reach

 

LifeSafe Holdings plc

 

("LifeSafe", the "Group" or the "Company")

 

LifeSafe enters into strategic partnership with Wormald Fire & Safety for
Thermal Runaway Fluid

 

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire
extinguishing fluids and fire safety products, announces that it has entered
into an exclusive strategic partnership with Wormald Fire & Safety
("Wormald") to distribute its new lithium-ion fire extinguishing fluid Thermal
Runaway Fluid ("TRF"), which is fluorine free.

 

The agreement with Wormald is LifeSafe's first industrial partnership and
represents a major growth opportunity for the Group. Under the agreement,
Wormald will be distributing LifeSafe's TRF exclusively throughout Australia
and New Zealand.

 

LifeSafe's TRF is designed to permanently extinguish and prevent the
re-ignition of lithium fires and has been engineered to remove the heat from
the lithium fire, therefore making the battery safer post trauma. Lithium-ion
batteries are used across a wide variety of everyday products.

 

Dominic Berger, Chairman of LifeSafe commented: "Our strategic partnership
with Wormald is testament to the hard work and dedication of our team who have
been working and testing with them for 18 months. We are excited about how the
partnership and endorsement of Wormald will now open a huge opportunity in the
bulk supply of our fluids through similar partnerships globally."

 

Jon Buckley, Director Defence, Marine & Products, Wormald commented: "We
are delighted to be working with LifeSafe Technologies as a strategic
partner."

 

Wormald is a leading provider of fire protection services in Australia, who
manufacture, install and service fire safety products, fire extinguishers and
equipment, providing a comprehensive range of fire services from engineering
advice to fire safety training.

 

For further enquiries:

 

 LifeSafe Holdings plc                                 Via FTI Consulting
 Dominic Berger, Chairman                              info@lifesafetechnologies.com
 Neil Smith, Chief Executive Officer
 Mike Stilwell, Chief Financial Officer

 WH Ireland Limited (Nominated Adviser & Broker)       Tel: +44 (0) 20 7220 1666
 Chris Fielding
 Darshan Patel
 Isaac Hooper

 FTI Consulting (Financial Communications)             Tel: +44 (0) 20 3727 1000
 Tom Hufton                                            LifeSafe@fticonsulting.com
 Harriet Jackson
 Liam Gerrard

 

Notes to Editors

 

LifeSafe is a fire safety technology business that develops eco-friendly,
novel and innovative fire extinguishing 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,
which is fluorine free, 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 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
(https://www.lifesafeholdingsplc.com/) .

LinkedIn: https://www.linkedin.com/company/lifesafe-technologies
(https://www.linkedin.com/company/lifesafe-technologies)

Twitter: https://twitter.com/LifesafeT (https://twitter.com/LifesafeT)

About Wormald:

 

Wormald is Australia's leading provider of fire protection solutions and has
been protecting people and property since 1889, specialising in fire
protection solutions. Wormald's expertise spans the design, manufacture,
installation and service of fire products and equipment backed up with a
comprehensive range of fire services from engineering advice to fire safety
training. Wormald provides specialist fire protection services to a wide
variety of industries including building and construction, mining, healthcare,
military, government, hospitality and leisure management, corporate, education
and facilities management. For more information on Wormald, visit
www.wormald.com.au (http://www.wormald.com.au) .

 

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