REG - Light Science Tech. - Contract Wins

Light Science Technologies HoldingsAnnouncement

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RNS Number : 5165W  Light Science Tech. Holdings PLC  26 August 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UNITED KINGDOM LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE
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BE IN THE PUBLIC DOMAIN.

 

 

Light Science Technologies Holdings plc

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

 

Contract Wins

 

Light Science Technologies Holdings plc (AIM: LST), the innovative technology
and manufacturing business providing real-world solutions targeting issues
including global food security and fire safety, announces that it has signed
two contracts with two new clients in its Passive Fire Protection ("PFP")
division, which together are worth c.£0.45m.

 

The contracts relate to two projects, in Manchester and Birmingham
respectively, and address the remediation of a hotel operated by a prominent
multinational chain, and a school building for a leading UK construction
company. Importantly, there is significant potential to increase the scope of
both of the relationships with a large number of additional buildings within
the respective new clients' portfolios.

 

The contracts, which will be completed in H2 2025, further demonstrate the
scale of the legislation-backed opportunity - with the Company providing a
cost-effective and minimally disruptive solution. This requirement is
immediate, substantive and growing, and Government has been particularly vocal
about its commitment to clearing the remediation backlog. The Company
continues to benefit from growing demand from both existing and new customers.

 

Reforms to Building Safety Regulation to accelerate house building and
remediation

 

The recent creation of an arm's length body under the Ministry of Housing,
Communities and Local Government, taking on functions of the Building Safety
Regulator, is expected to result in a fast-track process for new builds and
remediation. Once implemented, the Board believes that there will be further
opportunities to scale operations.

 

The Company is in active talks with a number of potential and existing
customers, and the Board is confident of securing new contracts in the
near-term. Importantly, it is seeing growing demand for larger projects, which
is expected to further increase the contribution from the PFP division.

 

Simon Deacon, CEO of LSTH commented: "We are delighted by the improving
momentum in the PFP division, seeing further conversion of the c.£24 million
quoted pipeline. Despite broader market issues causing some contract delays,
specifically the long timescales taken by the Building Safety Regulator to
sign off fire safety in tall buildings, and the UK Government responding by
making structural changes to the regulator itself, we are now seeing this
bottleneck starting to unblock and are confident that pipeline conversion will
rapidly grow. Encouragingly, we are already seeing initial follow-on activity
with one customer.

 

This is a legislation-backed opportunity and our solution is already proven,
with a growing number of existing and new clients wanting to rectify
non-compliant public and private buildings, spanning residential, commercial,
and industrial sectors."

 

For additional information please contact:

 Light Science Technologies Holdings plc           www.lightsciencetechnologiesholdings.com

                                                 (https://url.avanan.click/v2/r02/___http:/www.lightsciencetechnologiesholdings.com___.YXAxZTpzaG9yZWNhcDphOm86ZTg4YjhkNWZmMDk2N2Y0ZWM0ZTQ0YTdlNTYzZjQ3ZTU6NzoxMDc3OjgxZGQzYWJiYzE2Nzg0MWRhNTYyMTVkZjIzMjhhYzMyYTc5YzlkZDIzMGI4NzdjNTFhOTgyM2I4N2QyOTBlY2Q6cDpGOk4)
 Simon Deacon, Chief Executive Officer

                                                 via Walbrook PR
 Jim Snooks, Chief Financial Officer

 Andrew Hempsall, Chief Operating Officer

 Shore Capital (Nominated Adviser and Broker)        +44 (0)20 7408 4050

 Tom Griffiths / George Payne

 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 Light Science Technologies Holdings
plc (www.lightsciencetechnologiesholdings.com
(https://url.avanan.click/v2/r02/___http:/www.lightsciencetechnologiesholdings.com/___.YXAxZTpzaG9yZWNhcDphOm86ZTg4YjhkNWZmMDk2N2Y0ZWM0ZTQ0YTdlNTYzZjQ3ZTU6NzphMzgyOjQ1M2ViNTdjMDkyMDQzNDE4YzYyZDg3Y2U4NzVmMGFiYzdjODFhZGNlMGEwOGQ0MTE0MDc5NzI0NWRkYmNhZDM6cDpGOk4)
)

Light Science Technologies Holdings plc operates through three divisions:
Passive fire protection ("PFP"); AgTech ("AGT") and contract electronics
manufacturing ("CEM"). 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 LSTH IFB Limited ("LSTH IFB") in the PFP
division; Light Science Technologies Ltd ("Light Science Technologies") and
Tomtech (UK) Limited ("Tomtech") in the AGT division and UK Circuits and
Electronics Solutions Limited ("UK Circuits") in the CEM division.

 

Passive Fire Protection (https://injectafirebarrier.com/
(https://url.avanan.click/v2/r02/___https:/injectafirebarrier.com/___.YXAxZTpzaG9yZWNhcDphOm86ZTg4YjhkNWZmMDk2N2Y0ZWM0ZTQ0YTdlNTYzZjQ3ZTU6NzoyYjYwOmEwNDFiNDFhZTMwYzcxYmVhMzk3NDRiYTU0ZGE2OWI1OWJjYjAwY2NhNWU4OTg0MTEzOWU0MDU0MzA1Y2VmNTg6cDpGOk4)
)

 

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 £6.1 billion allocation from the UK government. Serving as the
UK's premier independent approved installer, LSTH IFB utilises 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*.

 

AgTech

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
more recently wider applications in broadacre 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 addition to essential root zone cardinals such as
soil temperature, soil moisture, and soil electroconductivity. Further
developments to monitor greenhouse gases, initially Nitrous Oxide (N20) are in
progress. 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://url.avanan.click/v2/r02/___https:/lightsciencetech.com/sensorgrow/___.YXAxZTpzaG9yZWNhcDphOm86ZTg4YjhkNWZmMDk2N2Y0ZWM0ZTQ0YTdlNTYzZjQ3ZTU6Nzo5YmFlOjFjMmVjNjJlZDRhY2QyYTlkOGVjNDIwZTRkMjQxYjEwZTA5NTlhMDg2Y2Q5NzI3YTU1Nzk5ZGNjNjI2ZDIyYTQ6cDpGOk4)
 . The nurturGROW sustainable grow lighting product range, applicable to
greenhouses, vertical farming, polytunnels, and licensed medicinal plants,
addresses a robust market with an anticipated global worth of £9.1 billion**
by 2030. Explore solutions
here https://lightsciencetech.com/solutions/greenhouse/
(https://url.avanan.click/v2/r02/___https:/lightsciencetech.com/solutions/greenhouse/___.YXAxZTpzaG9yZWNhcDphOm86ZTg4YjhkNWZmMDk2N2Y0ZWM0ZTQ0YTdlNTYzZjQ3ZTU6Nzo2MWQ5OjA0OTEwYjJlODUzYjhhNGIwZTc4YzM3NmZiYTIzYzkwNzNhMTMzOTBjNWEwMjE5MWFjYjIzYjk2N2IwM2M0NWY6cDpGOk4)

 

Through Tomtech, the Group stands out as a UK leader in control systems for
commercial greenhouses and polytunnels. Tomtech enables growers to optimise
and automate 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://url.avanan.click/v2/r02/___https:/www.tomtech.co.uk/___.YXAxZTpzaG9yZWNhcDphOm86ZTg4YjhkNWZmMDk2N2Y0ZWM0ZTQ0YTdlNTYzZjQ3ZTU6Nzo1MTZmOmI0Y2I1NGI2ZTU1MWFkNDE4YzU2YWQ5YmU5ODY5MjRjNTBjYzQxZThlN2UyMDU0MjU1NDdkZDQ1Y2ZiN2UxNWM6cDpGOk4)

 

Contract Electronics Manufacturing (https://www.ukcircuits.co.uk/
(https://url.avanan.click/v2/r02/___https:/www.ukcircuits.co.uk/___.YXAxZTpzaG9yZWNhcDphOm86ZTg4YjhkNWZmMDk2N2Y0ZWM0ZTQ0YTdlNTYzZjQ3ZTU6NzpiNzk3OjU3OTM0ODI4M2ZjZDg0ZjU2OTExMzliODlhMDBmMWYwOTVjZjdjMDU3MzYyMzA1NzAyZmI4OGM5NzhmNDE3YzU6cDpGOk4)
)

 

UK Circuits serves as the Group's profitable and well-established CEM-focused
division. It excels in designing, procuring, and manufacturing high-quality
electronic products, with a specialisation in printed circuit boards. These
products find application across diverse sectors such as audio, automotive,
electronics, gas detection, lighting, pest control, telecommunications and
AgTech.

 

* Estimators price cladding replacement at 10 times government budget
(theconstructionindex.co.uk)
(https://url.avanan.click/v2/r02/___https:/urldefense.proofpoint.com/v2/url?u=https-3A__www.theconstructionindex.co.uk_news_view_estimators-2Dprice-2Dcladding-2Dreplacement-2Dat-2D10-2Dtimes-2Dgovernment-2Dbudget&d=DwMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k3ztxpiL9GaLwCCGU9fPymgPVcqvYBuqTjjYyTHwiDE&m=FkrfCU8L8JbNSpJy2iOqi_ufsIhPkBWqki20NIFJFw75Xk8uHWT1vpic2OJY0ioQ&s=PR1_EBbDTB9ZM08WpCO_9ThUQ0hELxP6lsaT57zpanA&e=___.YXAxZTpzaG9yZWNhcDphOm86ZTg4YjhkNWZmMDk2N2Y0ZWM0ZTQ0YTdlNTYzZjQ3ZTU6Nzo2OTEzOjA1MDUwY2NjZmE2ZWY4YzEwMTkzMjJlZjBkMWI4ZGYxZTlhNzM3MjcyNDFiMzJkNmU1YWJlMmUyY2M0YTE0NGM6cDpGOk4)
 2021

**Report: Allied Market Research LED Grow Lights Market Analysis 2030;
(https://www.alliedmarketresearch.com/led-grow-lights-market-A12416): USD
$12.3 billion by 2030 converted at GBP £1 = USD $1.35.
(Report%3A%20Allied%20Market%20Research%20LED%20Grow%20Lights%20Market%20Analysis%202030;%20(https://www.alliedmarketresearch.com/led-grow-lights-market-A12416)%3A%20USD%20%2412.3%20billion%20by%202030%20converted%20at%20GBP%20%C2%A31%20=%20USD%20%241.35.%C2%A0%C2%A0)

 

 

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