Light Science Technologies Holdings plc
("LSTH", "Light Science", the "Company" or the "Group")
UK Circuits Secures New Manufacturing Partnership and Production Capacity Expansion
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, is pleased to announce that its Contract Electronics Manufacturing division, UK Circuits and Electronics Solutions Limited ("UK Circuits"), has entered into a manufacturing partnership with a leading provider of workforce management and access control solutions serving the construction and infrastructure sectors (the "Partner").
As part of the partnership, UK Circuits has purchased a Surface Mount Technology ("SMT") production line previously utilised by the Partner, with installation and commissioning recently completed at the Company's Oldham manufacturing facility.
The new SMT equipment represents a significant enhancement to one of UK Circuits' three manufacturing lines, increasing component placement throughput by approximately 40-50% whilst also providing improved placement accuracy, greater feeder capacity and access to an upgraded software platform with enhanced functionality.
An initial manufacturing order of approximately £70,000 has already been received from the Partner for the current financial year. In addition, the Partner has indicated the potential for total orders of up to £200,000, also for the current financial year, subject to the value of transitional levels of free issue components that UK Circuits will be required to utilise to clear the Partner's remaining stocks.
The project comprises the manufacture of four printed circuit board assemblies ("PCBAs") for industrial control systems relating to fire safety.
About the Partner:
The Partner is a leading provider of workforce management, access control and safety solutions for the construction and infrastructure sectors. The business forms part of a global group that is one of the world's largest providers of intelligent access and security solutions, with operations in more than 70 countries worldwide and annual revenues exceeding £12 billion.
Simon Deacon, Chief Executive Officer of Light Science Technologies, commented: "The transfer and installation of this SMT production line represents a significant enhancement to our manufacturing capability and demonstrates the strength of our new relationship with a leading provider of workforce management and access control solutions.
"The increased capacity, improved efficiency and enhanced technical capability will support both existing customer programmes and future growth opportunities. We are also delighted to secure this initial order and look forward to developing the relationship further."
For additional information please contact:
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Light Science Technologies Holdings plc Simon Deacon, Chief Executive Officer Jim Snooks, Chief Financial Officer Andrew Hempsall, Chief Operating Officer
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www.lightsciencetechnologiesholdings.com via Walbrook PR
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Shore Capital (Nominated Adviser and Broker) Stephane Auton / George Payne
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+44 (0)20 7408 4050 |
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Walbrook PR Ltd (Media & Investor Relations) Nick Rome / Marcus Ulker |
Tel: +44 (0)20 7933 8780 or lst@walbrookpr.com |
Notes to Editors:
About Light Science Technologies Holdings plc (www.lightsciencetechnologiesholdings.com)
Light Science Technologies Holdings plc ("LSTH") 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, 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.
As both an installer and supplier of the fire resistant graphite barrier system Injectaclad, the PFP division is strongly positioned to capture a growing proportion of the fire remediation market as the Buildings Safety Regulator ("BSR") backlog unblocks, enabling accelerated conversion of the Company's strong sales pipeline. The Injectaclad system is a solution for the retrospective installation of cavity fire barriers in buildings using a pumped system, thereby avoiding the need for full-scale façade removal. It addresses a significant problem in the UK's built environment, where thousands of buildings require remediation to meet fire safety standards. For more information please visit Cavity Fire Barrier Remediation System | Injectaclad Ltd
The Group's tailored AgTech 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 Eastern Europe, the Americas, Australasia, and select locations in the Middle East, with the Company expanding routes to market via low-cost, low risk distribution agreements globally. For more information please visit: Sustainable grow lights and sensor technology - Light Science Technologies
The CEM division 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. For more information please visit: Home | UK Circuits
The Group is strongly positioned across a range of high growth sectors with proven technologies and solutions. It is increasingly focused on high margin opportunities that will drive cash generation. Furthermore, it is positioned for accelerated growth, targeting larger contracts and increasing recurring revenues - as both legislation and global issues look set to underpin demand for its products, driving the Company towards sustained profitable growth.