LIFS Lifesafe Holdings Plc

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:

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.

LinkedIn: https://www.linkedin.com/company/lifesafe-technologies

Twitter: https://twitter.com/LifesafeT