REG - LifeSafe Holdings - Business outlook

LifeSafe HoldingsAnnouncement

10/02/2025 07:00

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RNS Number : 4936W  LifeSafe Holdings PLC  10 February 2025

The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014 as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the
Company's obligations under Article 17 of MAR. Upon the publication of this
announcement, this inside information is now considered to be in the public
domain.

 

10 February 2025

LifeSafe Holdings plc

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

 

Business outlook

 

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire
extinguishing and prevention fluids and fire safety products, is pleased to
announce significant interest developing in its business-to-business channels.

 

Further to the Trading Update announced by the Company on 6 February 2025,
which was primarily focused on the trading performance during the financial
year ended 31 December 2024 ("FY24"), the Board wishes to update on more
immediate initiatives and contract negotiations which are expected to close in
the coming months. The Board, however, wishes to emphasise that whilst it is
increasingly positive on these developments, there are no guarantees that any
of the current negotiations will complete in the timelines currently
envisaged, or on terms similar to those currently being discussed, or indeed
complete at all.

 

Commercial opportunities

Over and above its established retail channels, LifeSafe is building a solid
pipeline of commercial revenue opportunities in the growing multi-billion
dollar global fire safety market. There are two opportunities in particular
where negotiations are drawing to a conclusion which the Board is optimistic
will be announced in the coming months:

 

·    Supply contract of LifeSafe cannisters to a European specialist in
fire protection solutions for companies, worth in excess of £800k over the
next two years; and

 

·    Global distribution agreement with a multi-billion revenue business,
for which the total opportunity could transform LifeSafe's current revenue,
most recently reported at approximately £3.3 million for FY24, as part of
which a purchase order worth around €800k is expected in the coming months.

 

Product developments

LifeSafe continues to develop its focused product offering in line with direct
customer feedback with a number of exciting new initiatives currently being
tested and certified.

 

Capital Markets Day

Following investor feedback, the Company intends to hold a Capital Markets Day
("CMD") to demonstrate in person both its technologies generally but also its
expanded product range. The CMD will take place at the Company's testing site
at Latchingdon, Essex, and whilst the date is yet to be confirmed, it is
likely in May. Further details will be provided in due course.

 

- Ends -

For further enquiries:

 

 LifeSafe Holdings plc                                          info@lifesafet (mailto:info@lifesafetechnologies.com) echnologies
                                                                (mailto:info@lifesafetechnologies.com) .com
                                                                (mailto:info@lifesafetechnologies.com)
 Dominic Berger, Chairman
 Neil Smith, Chief Executive Officer
 Mike Stilwell, Chief Financial Officer

 Zeus (Nominated Adviser & Broker)                              Tel: +44 (0) 203 829 5000
 David Foreman, Alexandra Campbell-Harris (Investment Banking)
 Emma Ayton (Sales)

 

Notes to Editors

 

LifeSafe is a fire safety technology business that develops eco-friendly,
novel and innovative fire extinguishing and prevention 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 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.  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)

 

X (formerly Twitter): https://x.com/LifesafeT (https://x.com/LifesafeT)

 

 

 

 

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