TIDMLIFS
LifeSafe Holdings PLC
16 January 2024
16 January 2024
RNS Reach
LifeSafe Holdings plc
("LifeSafe", the "Group" or the "Company")
Industrial partnership and distribution agreement with
Lingjack
Partnership marks entry into Southeast Asia, a significant
territory
LifeSafe (AIM:LIFS), a fire safety technology business with
innovative fire extinguishing fluids and fire safety products,
announces the signing of a distribution agreement for the supply of
its Thermal Runaway Fluid to Lingjack Fire and Life Saving PTY
("Lingjack"), a substantial Asian fire safety business located in
Singapore.
The distribution agreement represents a major growth opportunity
for the Company, providing a new and incremental revenue
opportunity, as well as expansion into a significant territory. The
initial stages of the exclusive agreement will see LifeSafe's
Thermal Runaway Fluid solution added to Lingjack's range of fire
extinguishers and fixed suppression systems across Singapore,
China, Malaysia, Thailand and Indonesia. The Board expects there to
be opportunities to broaden the agreement with Lingjack to include
further LifeSafe products.
Lithium battery fires exhibit unique characteristics and
therefore require innovative solutions, particularly given the
increasing number of devices and industries around the world
utilising the power and efficiency of lithium batteries. The market
opportunity in Southeast Asia for the LifeSafe's innovative Thermal
Runaway Fluid solution is both significant and growing.
The lithium Thermal Runaway Fluid is designed to permanently
extinguish and prevent the re-ignition of lithium fires and has
been engineered to remove the heat from the lithium fire, therefore
making the battery safer post trauma.
Dominic Berger, Chairman of LifeSafe, commented: "We are pleased
to announce this new distribution partnership with such a
prestigious and trusted fire safety business such as Lingjack. The
signing of the partnership extends the Company's reach into the
markets of Singapore, China, Malaysia, Thailand and Indonesia and
we look forward to working together for many years to come."
Kenneth Lim, Chief Executive Officer of Lingjack Fire and Life
Saving PTY, commented : "We are delighted to have signed this
distribution agreement with LifeSafe. Obtaining access to the
innovative and effective fluids and technical support from the
LifeSafe team has provided us with the opportunity to launch into
the new and growing lithium battery fire extinguisher market.
Having placed our first purchase order for the Thermal Runway
Fluid, we are excited to grow our volumes into the extinguisher and
fixed suppression systems market in multiple regions across
Southeast Asia."
For further enquiries:
LifeSafe Holdings plc Via FTI Consulting
Dominic Berger, Chairman info@lifesafetechnologies.com
Neil Smith, Chief Executive Officer
Mike Stilwell, Chief Financial
Officer
WH Ireland Limited (Nominated Tel: +44 (0) 20 7220 1666
Adviser & Broker)
Chris Fielding
Darshan Patel
Isaac Hooper
FTI Consulting (Financial Communications) Tel: +44 (0) 20 3727 1000
Tom Hufton LifeSafe@fticonsulting.com
Harriet Jackson
Liam Gerrard
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.
Notes to Editors
LifeSafe is a fire safety technology business that develops
eco-friendly, novel and innovative fire extinguishing 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.
L ifeSafe 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
About Lingjack Fire & Life Saving
LINGJACK Engineering Works Pte Ltd was established in 1971 and
has since evolved from a conventional engineering firm into a
specialized manufacturer of firefighting equipment. With over four
decades of experience in the field of fire and safety industry,
LINGJACK strives to provide first class products and services to
the customer.
LINGJACK delivers value to customers through distinctive
customer service and zero defects products. The Company adapts
international standard on stringent control of work and systems,
certified by LPCB(UK). Furthermore its entire range of products are
certified by Setsco, PSB, UL, DNV, ABS, MED, PED and LPCB.
For further information please visit:
https://www.lingjack.com/
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END
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January 16, 2024 02:00 ET (07:00 GMT)
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