REG - LifeSafe Holdings - Launch of new StaySafe All-in-1 fire extinguisher

LifeSafe HoldingsAnnouncement

18/04/2023 07:00

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RNS Number : 5013W  LifeSafe Holdings PLC  18 April 2023

 For immediate release  18 April 2023

 

 

LifeSafe Holdings plc

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

 

Launch of new StaySafe All-in-1 fire extinguisher

 

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire
extinguishing fluids and fire safety products, is pleased to announce the
launch of its new StaySafe All-in-1 fire extinguisher featuring the Group's
next generation fluid.  The new StaySafe All-in-1 is specifically designed to
tackle ten different types of fire, replacing the successful StaySafe 5-in-1
fire extinguisher.

 

New StaySafe All-in-1 fire extinguisher

 

The Board is delighted to announce the UK launch of LifeSafe's new StaySafe
All-in-1 fire extinguisher.  This uses a variant of the Group's core
eco-friendly patented fluid, FER1000, and significantly increases to ten the
number of types of fire which can be extinguished using a single bottle,
being:

 

·    Lithium-ion batteries

·    Bio-ethanol

·    Motor oil

·    Bio-diesel

·    Diesel

·    E5 & E10 petrol

·    Electrical

·    Textiles

·    Timber/wood

·    Cooking oil

 

The new StaySafe All-in-1 builds on and replaces the Group's successful debut
product, the StaySafe 5-in-1, and makes the 'one stop shop' fire-extinguishing
proposition even more compelling.  The international launch of the StaySafe
All-in-1 will commence in H1 2023 through the Group's consumer and wholesale
sales channels.

 

The evolution of this new fluid builds on the launch, in December 2022, of the
Group's industrial-focused Lithium Thermal Runaway Fluid, designed to
permanently extinguish and prevent the re-ignition of lithium-ion battery
fires.

 

As with all the Group's existing extinguishing fluids, LifeSafe's new StaySafe
All-in-1 is a non-toxic, non-hazardous, eco-friendly solution.

 

Dominic Berger, Executive Chairman of LifeSafe, said: "I am delighted to be
able to announce the launch of our new All-in-1 fire extinguisher.  This once
again highlights the innovative and dynamic nature of the Group and marks a
major step forward in fire safety.  By being able to extinguish ten different
types of fire, including lithium-ion batteries, whilst being eco-friendly,
this product can provide people 'peace of mind' that what matters most to them
will be protected.

 

"Alongside our strong FY22 results figures announced today, this launch shows
that the business continues to go from strength to strength and I am very
excited by what lies ahead for LifeSafe.''

 

- 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.

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Mike Stilwell, Chief Financial Officer of the
Company.

 

 

 LifeSafe Holdings plc                                Via Buchanan
 Dominic Berger, Executive Chairman                   www.lifesafeholdingsplc.com (http://www.lifesafeholdingsplc.com)
 Neil Smith, CEO
 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)
 Jack Devoy

 

 

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'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.  The StaySafe 5-in-1 and the
PanSafe pan fire extinguisher 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)

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