REG - Light Science Tech. - UK and European Distribution Agreement

Light Science Technologies HoldingsAnnouncement

10/02/2025 07:00

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RNS Number : 4288W  Light Science Tech. Holdings PLC  10 February 2025

Light Science Technologies Holdings plc

("LSTH", "Light Science", the "Company" or the "Group")

 

UK and European Distribution Agreement

 

Partnership to distribute market leading CEA lighting solutions

 

Light Science Technologies Holdings plc (AIM: LST), comprising three
divisions: Controlled Environment Agriculture ("CEA"); Contract Electronics
Manufacturing ("CEM"); and Passive Fire Protection ("PFP"), announces a
distribution framework agreement with Gavita International B.V. ("Gavita").
The agreement enables the Group to distribute lighting products developed by
Gavita's subsidiary Agrolux Nederland B.V. ("Agrolux"), a global supplier of
horticulture lighting solutions.

 

Global reach and strengthened offering

The Company has agreed an extendable deal, initially for 2025, that will give
the Group exclusive access to sell Agrolux's LED Lighting system into the UK
and Irish markets under the 'Agrolux presented by Light Science' banner, with
the opportunity to deliver projects in other European regions in the future.
It is intended that as the relationship develops, Agrolux will be licensed to
reciprocally sell Light Science's products via its global network, enabling
global delivery and implementation of holistic lighting, sensor and control
solutions, tailored to the grower's needs.

 

The initial relationship, focusing on the UK and Ireland presents the Group
with the opportunity to utilise its resource and expertise and existing
relationships to sell Agrolux's patented LED Wega product range, complementing
its own nurturGROW sustainable grow lighting product range. Additionally,
there is scope for the Group to package these products alongside its sensor
and installation capabilities.

 

Expanded target market

The partnership's combined product offering will result in additional reach
across the UK and in Europe (including Ireland), with current quoted pipeline
opportunities totaling £4.6m and £5.7m, respectively, for provision of
lighting systems to glass houses, increasing the Group's overall quoted CEA
pipeline to £42.5m. The Group will seek to convert this pipeline by
leveraging Agrolux's agronomy expertise and 20+ years' experience.

 

Agrolux

Agrolux, headquartered in Maasdijk, Netherlands, is a part of Gavita
International B.V, whose ultimate parent company is Scotts Miracle-Gro, which
is the world leader in lawn and garden products. Scotts, founded in 1868, is a
constituent of the S&P 400 with a current market cap of $3.9bn.

 

Agrolux's patented LED Wega fixture is one of the most compact and energy
efficient LED lighting systems on the market, which also incorporates a unique
powerline dimming solution, minimising lighting control infrastructure.

 

Capital Markets Day

As previously announced, the Company will be hosting a Capital Markets Day in
the City of London for analysts and institutional investors across the morning
of Wednesday, 26 February 2025 from 08.30.

 

Please contact lst@walbrookpr.com (mailto:lst@walbrookpr.com) in order to
register interest and receive further information.

 

Simon Deacon, CEO of LSTH commented: "We are delighted to have established
this distribution agreement with such a prestigious partner that is part of
the Scotts Miracle-Gro group. The opportunity to work with Argolux and provide
an expanded product range to existing and new clients provides an exciting
opportunity for us to target a wider end audience. This partnership presents
significant potential future benefits for us to expand our global presence and
reach as we work on complementary opportunities.

 

"We are focused on low-cost and low-risk entry into high-growth markets with
partners that are already embedded in the industry, enabling us to target
global customer bases that are actively seeking CEA products and solutions -
and with Agrolux being part of a multinational global entity, we are extremely
excited by the opportunities this relationship presents.

 

Manuel Oomen, Managing Director at Gavita International commented: "Gavita
International is very pleased to announce this co-operation. LST's knowledge
of the market and existing CEA technology products and services together with
Agrolux's greenhouse lighting systems means we can offer customers in the UK
& Eire the best lighting solutions."

 

For additional information please contact:

 

 Light Science Technologies Holdings plc                    www.lightsciencetechnologiesholdings.com

                                                          (http://www.lightsciencetechnologiesholdings.com/)

 Simon Deacon, Chief Executive Officer                      via Walbrook PR

 Jim Snooks, Chief Financial Officer

 Andrew Hempsall, Chief Operating Officer

 Strand Hanson Limited (Nominated & Financial Adviser)      Tel: +44 (0) 20 7409 3494

 Ritchie Balmer / James Harris / Rob Patrick

 Oberon Capital (Broker)                                    Tel: +44 (0) 203 179 5300

 Mike Seabrook / Nick Lovering

 Walbrook PR Ltd (Media & Investor Relations)               Tel: +44 (0)20 7933 8780 or lst@walbrookpr.com (mailto:lst@walbrookpr.com)
 Nick Rome / Joe Walker

 

Notes to Editors:

 

About Gavita

Gavita is the largest specialized horticultural lighting company in the world;
active on all five continents with projects ranging from single fixtures to
large greenhouses with well over 100,000 fixtures, serving the retail,
research and professional horticultural market.

 

 

About Agrolux B.V (https://agrolux.com/about-us/
(https://agrolux.com/about-us/) )

Agrolux uses intelligent, innovative solutions to help maximize the efficiency
of horticulture lighting and increase production for growers. It offers
tailored solutions that are delivered through its global network. Its product
range encompasses a comprehensive selection of LED and HPS lighting fixtures.

 

 

About Light Science Technologies Holdings
plc (www.lightsciencetechnologiesholdings.com
(http://www.lightsciencetechnologiesholdings.com/) )

Light Science Technologies Holdings plc operates through three divisions:
controlled environment agriculture ("CEA"); contract electronics manufacturing
("CEM"); and passive fire protection ("PFP"). The company is involved in the
design, manufacturing, and installation of products and customized solutions
spanning various industry sectors, including commercial horticulture, pest
control, lighting, audio, gas detection, and fire protection. With a focus on
addressing global challenges related to food security, climate change, and
fire protection, the Group is committed to developing robust solutions in
these rapidly growing market sectors.

 

LSTH is the holding company for Light Science Technologies Ltd ("Light Science
Technologies") and Tomtech (UK) Limited ("Tomtech") in the CEA division; UK
Circuits and Electronics Solutions Limited ("UK Circuits") in the CEM
division; and LSTH IFB Limited ("LSTH IFB") in the PFP division.

 

Controlled Environment Agriculture

The Group's tailored solutions encompass control systems, grow lights, sensor
technology, venting, and irrigation systems, catering to both UK and global
customers. Key markets include indoor, vertical, glasshouses, polytunnels, and
medicinal farming. Driving factors comprise global food and water shortages, a
growing population, government policies promoting sustainable growth methods,
heightened scrutiny of food production's impact on climate change, and a shift
away from processed foods. Key markets span the Americas, Australasia, and
select locations in the Middle East.

 

The sensorGROW technology enables real-time monitoring of essential air zone
growing factors such as carbon dioxide, air humidity, air pressure, air
temperature, and light. In development, it aims to extend monitoring to soil
temperature, soil moisture, and soil electroconductivity. This empowers
farmers to enhance resource management, saving costs on water, nutrients,
fertilizers, and energy, while simultaneously increasing yields and
cultivating healthier crops. Learn more here
https://lightsciencetech.com/sensorgrow/
(https://lightsciencetech.com/sensorgrow/) . The nurturGROW sustainable grow
lighting product range, applicable to greenhouses, vertical farming,
polytunnels, and medicinal plants, addresses a robust market with an
anticipated global worth exceeding US$6.5 billion by 2026. Explore solutions
here https://lightsciencetech.com/solutions/greenhouse/
(https://lightsciencetech.com/solutions/greenhouse/)

 

Through Tomtech, the Group stands out as a UK leader in control systems for
commercial greenhouses and polytunnels. Tomtech enables growers in optimizing
and automating cultivation environments, leading to superior crop growth. The
product range includes control systems, software, irrigation, lighting,
sensors, and venting, applicable across various crops, ultimately improving
yields and profitability. Discover more here https://www.tomtech.co.uk/
(https://www.tomtech.co.uk/)

 

Contract Electronics Manufacturing (https://www.ukcircuits.co.uk/
(https://www.ukcircuits.co.uk/) )

 

UK Circuits serves as the Group's profitable and revenue-strong CEM-focused
division. It excels in designing, procuring, and manufacturing high-quality
CEM products, with a specialization in Printed Circuit Boards. These products
find application across diverse sectors such as audio, automotive,
electronics, gas detection, lighting, pest control, telecommunications, and,
more recently, in the CEA market.

 

Passive Fire Protection (https://injectafirebarrier.com/
(https://injectafirebarrier.com/) )

 

LSTH IFB offers a practical and cost-effective solution to rectify
non-compliant public and private buildings, spanning residential, commercial,
and industrial sectors, with regard to fire safety regulations-a challenge
addressed by a £5.1 billion allocation from the UK government. Serving as the
UK's premier independent approved installer, LSTH IFB utilizes the
ground-breaking Injectaclad fire-resistant graphite barrier system. This
system is retroactively installed within building cavities, reinstating
fire-resistant performance and containing the spread of fire and smoke
compliant with regulatory requirements. This innovative solution stands out as
an appealing alternative to the more costly and disruptive method of removing
external facades and installing traditional fire barriers. With a proven track
record in the passive fire protection market and a robust sales pipeline, LSTH
IFB targets a UK market potentially valued at up to £50 billion*.

 

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