REG - LifeSafe Holdings - H1-2022 Trading Update

LifeSafe HoldingsAnnouncement

16/08/2022 07:01

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RNS Number : 0790W  LifeSafe Holdings PLC  16 August 2022

 For immediate release  16 August 2022

 

LifeSafe Holdings plc

('LifeSafe' or the 'Group')

 

H1-2022 Trading Update

 

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire
safety products, announces that it will issue its results for the six months
ended 30 June 2022 in the second half of September 2022.

 

The Board is pleased to report that LifeSafe traded in line with the Board's
expectations, achieving  sales of approximately £1.2 million (H1-2021:
£0.04 million; FY-2021: £0.67 million).

 

Good progress was made in H1-2022 in creating and meeting increased demand for
LifeSafe's products via its proven digital international multi-channel sales
strategy. The Board is pleased to report that the sales momentum in H1-2022
has carried on into the first weeks of H2-2022.

 

The net proceeds of the IPO, which occurred on 6 July 2022, will enable
LifeSafe to accelerate its growth through enhancing its profile and standing
in target markets and in continuing the development of its strong pipeline of
innovative new products and fluid derivatives.  The Group remains on track to
launch these in H1-2023.

 

Neil Smith, Chief Executive Officer of LifeSafe, said: "We are pleased to
report today on the strong operational and strategic progress that the Group
has made in H1-2022, which reflects the successful commercialistion of our
StaySafe 5-in-1 product since its launch in August last year.  In the Period,
we have nearly doubled the revenues that we generated in FY-2021 and this
strong momentum has continued into the second half.  We look forward to
reporting our maiden set of interim results in September and updating the
market further then."

 

- 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 received a notice of intention to
grant 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)

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