Strategic Partnership

LifeSafe Holdings PLC

26 September 2023

 

For immediate release                                                                                                        26 September 2023

RNS Reach

LifeSafe Holdings plc

("LifeSafe", the "Group" or the "Company")

LifeSafe enters into strategic partnership with Wormald Fire & Safety for Thermal Runaway Fluid

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire extinguishing fluids and fire safety products, announces that it has entered into an exclusive strategic partnership with Wormald Fire & Safety ("Wormald") to distribute its new lithium-ion fire extinguishing fluid Thermal Runaway Fluid ("TRF"), which is fluorine free.

The agreement with Wormald is LifeSafe's first industrial partnership and represents a major growth opportunity for the Group. Under the agreement, Wormald will be distributing LifeSafe's TRF exclusively throughout Australia and New Zealand.

LifeSafe's TRF 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. Lithium-ion batteries are used across a wide variety of everyday products.

Dominic Berger, Chairman of LifeSafe commented: "Our strategic partnership with Wormald is testament to the hard work and dedication of our team who have been working and testing with them for 18 months. We are excited about how the partnership and endorsement of Wormald will now open a huge opportunity in the bulk supply of our fluids through similar partnerships globally."

Jon Buckley, Director Defence, Marine & Products, Wormald commented: "We are delighted to be working with LifeSafe Technologies as a strategic partner."

Wormald is a leading provider of fire protection services in Australia, who manufacture, install and service fire safety products, fire extinguishers and equipment, providing a comprehensive range of fire services from engineering advice to fire safety training.

For further enquiries:

LifeSafe Holdings plc	Via FTI Consulting
Dominic Berger, Chairman	[e-mail]
Neil Smith, Chief Executive Officer
Mike Stilwell, Chief Financial Officer
WH Ireland Limited (Nominated Adviser & Broker)	Tel: [phone]
Chris Fielding
Darshan Patel
Isaac Hooper
FTI Consulting (Financial Communications)	Tel: [phone]
Tom Hufton	[e-mail]
Harriet Jackson
Liam Gerrard

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, which is fluorine free, 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 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

About Wormald:

Wormald is Australia's leading provider of fire protection solutions and has been protecting people and property since 1889, specialising in fire protection solutions. Wormald's expertise spans the design, manufacture, installation and service of fire products and equipment backed up with a comprehensive range of fire services from engineering advice to fire safety training. Wormald provides specialist fire protection services to a wide variety of industries including building and construction, mining, healthcare, military, government, hospitality and leisure management, corporate, education and facilities management. For more information on Wormald, visit www.wormald.com.au. 

 

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