REG - LifeSafe Holdings - AGM Statement

LifeSafe HoldingsAnnouncement

26/06/2023 07:00

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RNS Number : 7428D  LifeSafe Holdings PLC  26 June 2023

 

 For immediate release  26 June 2023

 

 

LifeSafe Holdings plc

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

 

AGM statement

 

At its Annual General Meeting ('AGM') which is being held later this morning,
Dominic Berger, Chair of LifeSafe Holdings plc (AIM:LIFS), a fire safety
technology business with innovative fire extinguishing fluids and fire safety
products, will make the following statement:

 

"Continuing the strong momentum announced in the Group's previous Trading
Updates this year, I am pleased to report that sales growth has continued to
exceed the Board's expectations in 2023 with revenue in the first five months
to 31 May 2023 of approximately £2.5 million, significantly higher than both
the same period last year and internal budgets for 2023.

 

Although forecasts for the year prudently remain unchanged at this stage, the
Board is becoming increasingly confident that the current outperformance of
sales augurs well for trading in the second half of the year, with the
expected benefits of seasonality together with the launch of LifeSafe's new
StaySafe All-in-1 fire extinguisher in the North American and European
markets."

 

 

 

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.

 

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
 Dominic Berger, Chairman                             info@lifesafetechnologies.com (mailto:info@lifesafetechnologies.com)
 Neil Smith, CEO
 Mike Stilwell, CFO

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

 

Notes to Editors

 

LifeSafe is a fire safety technology business that develops eco-friendly,
novel and innovative fire extinguishing fluids with a range of life-saving
fire safety products.  Through its highly experienced management team,
LifeSafe is seeking to create new markets for the Group in fire safety through
new technologies, digital marketing and multi-channel sales.

 

LifeSafe has developed what the Directors believe to be a market disrupting
range of eco-friendly fire safety protection products including, launched in
December 2022, a new Thermal Runaway Fluid to combat thermal runaway in
lithium battery fires by permanently extinguishing and preventing the
re-ignition of lithium fires.  This is an evolution of the Group's core
FER1000 extinguishing fluid, for which the Group has been granted a patent in
the UK, which has been developed by LifeSafe to extinguish five different
types of fire: electrical, paper, textiles, cooking oil, and petrol and
diesel.

 

The Group launched its best-selling first generation StaySafe 5-in-1 fire
extinguisher using this fluid on Amazon Prime in the UK in August 2021.  It
subsequently became Amazon Prime's top-selling fire extinguisher in the UK in
the same month.  The StaySafe All-in-1, an evolution of the Group's core
fluid which is verified to extinguish ten different fire types, was launched
in the UK in April 2023.  StaySafe products were launched in Screwfix in
Spring 2022.

 

LifeSafe is continuing to develop new fluid derivations for the industrial
market.

 

LifeSafe was admitted to trading on AIM in July 2022 with the ticker LIFS.L.
For additional 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)

 

- Ends -

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