REG - LifeSafe Holdings - Grant of UK patent

LifeSafe HoldingsAnnouncement

18/08/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220818:nRSR3355Wa&default-theme=true

RNS Number : 3355W  LifeSafe Holdings PLC  18 August 2022

 For immediate release  18 August 2022

 

LifeSafe Holdings plc

 

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

 

Grant of UK patent

 

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire
safety products, is pleased to announce that it has been granted a patent in
the UK for the Group's eco-friendly fire extinguishing fluid known as FER1000.

 

The Group was founded in 2015 to develop an innovative, novel and eco-friendly
fluid capable of extinguishing multiple types of fire. Following a successful
testing programme, an initial patent application was submitted in April 2017
for the Company's FER1000 fluid.

 

As described in LifeSafe's IPO Admission Document released on 1 July 2022, on
6 June 2022 the Company received a notice of Intention to Grant the patent
from the UK Intellectual Property Office.

 

The Board is pleased to announce that the patent, GB2561610B, was granted with
effect from 17 August 2022 on publication in the UK Intellectual Property
Office's Patents Journal.

 

The FER1000 extinguishing fluid is at the centre of the Group's product range
and has been developed by LifeSafe to extinguish five different types of fire:
electrical, paper, textiles, cooking oil, and petrol and diesel.

 

Neil Smith, Chief Executive Officer of LifeSafe, said: "We are delighted that
the UK Intellectual Property Office has granted a UK patent for our FER1000
fluid.  This additional protection, which lasts for 20 years from the initial
patent application in 2017, recognises our efforts to develop an innovative,
novel and eco-friendly fluid capable of extinguishing multiple types of fire,
which sits at the very core of our product range.

 

"The Group's best-selling product, the StaySafe 5-in-1 fire extinguisher,
which uses this extinguishing fluid, was launched on Amazon in the UK in
August 2021, becoming Amazon Prime's top-selling fire extinguisher in the UK
in the same month.  The StaySafe 5-in-1 was subsequently launched in selected
European countries in October 2021 and in the US in February 2022."

 

- Ends -

 

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.

 

For further enquiries:

 

 LifeSafe Holdings plc                                Via Buchanan
 Neil Smith, CEO                                      www.lifesafeholdingsplc.com (http://www.lifesafeholdingsplc.com)
 Mike Stilwell, CFO

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

 Buchanan (Financial Communications)                  Tel: +44 (0) 20 7466 5000
 Henry Harrison-Topham                                LifeSafe@buchanan.uk.com (mailto:LifeSafe@buchanan.uk.com)
 Kim Looringh-van Beeck
 Jack Devoy
 George Cleary

 

Notes to Editors

LifeSafe is a fire safety technology business with a range of life-saving,
innovative and eco-friendly fire safety products.  LifeSafe has a highly
experienced management team which is seeking to apply new technologies to
create new markets for the Group in fire safety through digital marketing,
multi-channel sales and the LifeSafe App.

 

LifeSafe has developed what the Directors believe to be market disrupting,
eco-friendly fire safety protection products to both protect (via fire
extinguishers) and detect (via carbon monoxide, smoke and heat alarms)
fires.  At the centre of the Group's product range is the FER1000
extinguishing fluid, for which the Group has been granted a patent in the
UK.  The FER1000 fluid has been developed by LifeSafe to extinguish five
different types of fire: electrical, paper, textiles, cooking oil, and petrol
and diesel.

 

The Group's best-selling product using this extinguishing fluid is the
StaySafe 5-in-1 fire extinguisher.  It was launched on Amazon Prime in the UK
in August 2021 and subsequently became Amazon Prime's top-selling fire
extinguisher in the UK in the same month.  StaySafe 5-in-1 and the PanSafe
pan fire extinguisher were launched in Screwfix in Spring 2022 with the
StaySafe range of smoke, heat and carbon monoxide detectors.

 

LifeSafe is developing new fluid derivations and products for launch in 2023.

 

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)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  REABDLFFLVLBBBE