REG - LifeSafe Holdings - Industrial partnership agreement with Trinity

LifeSafe HoldingsAnnouncement

02/05/2024 07:00

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RNS Number : 9074M  LifeSafe Holdings PLC  02 May 2024

2 May
2024

 

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.

 

 

LifeSafe Holdings plc

 

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

 

Industrial partnership agreement and contract with Trinity Fire & Security

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire
extinguishing and prevention fluids and fire safety products, announces the
signing of a contract between LifeSafe and Trinity Fire & Security Systems
Ltd ("Trinity Fire & Security") for the supply of the Company's new range
of fire extinguishers filled with Multi-Purpose Fluid. LifeSafe's
Multi-Purpose Fluid is designed to tackle multiple fire types, including
Lithium-ion battery fires.

 

Industrial contract

 

Under the terms of this contract, LifeSafe will supply Trinity Fire &
Security with LifeSafe fire extinguishers filled with the Company's
Multi-Purpose Fluid, on an exclusive basis in the UK. The contract is expected
to generate sales of up to £1.3 million over a three-year period.

 

Trinity Fire & Security

 

Founded in 1997, with annual revenue exceeding £60 million, Trinity Fire
& Security operates across ten regional offices in the UK with over 2,000
customers. Trinity Fire & Security provides fire safety equipment and
services to a variety of sectors, including customers such as the Ministry of
Defence, NHS, IKEA, Mitie, CBRE, John Lewis, Selfridges and Heathrow Airport.

 

Trinity Fire & Security is part of the Premier Technical Services Group,
which employs 2,700 people across 48 sites throughout the UK, supporting over
20,000 customers and maintaining more than 200,000 properties.

 

Richard Castle-Smith, Head of Fire Suppression, Trinity Fire & Security,
commented:

"We are delighted to be the exclusive UK distributor of a true multi-purpose
portable fire extinguisher which is certified to combat the ever-growing risk
of lithium battery fires. The market's appetite for such an innovative
product, in what has been a slow area of development, can now be realised."

 

Dominic Berger, Chairman of LifeSafe, commented:

"The partnership agreement and contract with Trinity Fire & Security, a
hugely prestigious and respected industry leader, follows an extensive period
of testing and approval of our new range of LifeSafe cannisters combined with
our eco-friendly Multi-Purpose Fluid, which has proven to be incredibly
effective at extinguishing multiple types of fire including lithium-ion
battery fires. This partnership marks a significant milestone for LifeSafe and
will provide access to a global market valued at $9 billion annually."

 

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                                          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)
 Alice Lane (Corporate Broking)

 

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 and is 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)

 

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