LifeSafe flags two major potential sales opportunities
By Josh White
Date: Monday 10 Feb 2025
(Sharecast News) - LifeSafe has reported growing interest in its business-to-business channels in an update on Monday, with two major commercial opportunities in advanced negotiations that could significantly impact its revenue.
The AIM-traded fire safety technology company, which develops fire extinguishing and prevention products, said it was optimistic about securing new contracts in the coming months, but cautioned that there were no guarantees regarding completion or timing.
One potential agreement would involve a supply contract for LifeSafe canisters with a European fire protection specialist, valued at over £0.8m over two years.
Additionally, the company said it was negotiating a global distribution deal with a multi-billion revenue business, which, if finalised, could transform LifeSafe's revenue base.
As part of that, a purchase order worth about €0.8m was expected in the near term.
LifeSafe added that it was advancing its product development pipeline, aligning new offerings with direct customer feedback.
Several new fire safety initiatives were currently undergoing testing and certification.
In response to investor interest, the company said it was planning to hold a capital markets day at its testing facility in Latchingdon, Essex, likely in May.
It said the event would showcase its core technologies and expanded product range, with further details to be announced in due course.
At 1056 GMT, shares in LifeSafe Holdings were down 3.87% at 7.21p.
Reporting by Josh White for Sharecast.com.
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