PFP Division Secures BSA Accreditation
REACH: non-regulatory announcement*
Light Science Technologies Holdings plc
("LSTH", "Light Science", the "Company" or the "Group")
PFP Division Secures BSA Accreditation via Construction Online
Light Science Technologies Holdings plc (AIM: LST), the innovative technology and manufacturing business, announces that its Passive Fire Protection ("PFP") division has achieved Building Safety Act 2022 ("BSA") Accreditation via Construction Online, a leading European platform for compliance and supply chain management in the construction sector.
Construction Online has only recently launched its BS 8670 accreditation process, designed to streamline supplier pre-qualification and help unblock delays across the construction supply chain. By completing this process, the Company's PFP division has demonstrated full competence in both Standard Construction and Higher Risk Buildings (over 18 metres), aligning with the requirements of BS 8670.
Already a holder of Gold Accreditation, the Company's additional certifications further validate its expertise across safety leadership, risk management, and fire/life protection, providing confidence to both the Building Safety Regulator and customers.
Strong Growth Pipeline
As the UK's leading independent approved installer of Injectaclad, the PFP division has rapidly established itself since launching in November 2023. In that time, it has delivered work on 16 buildings, secured £3.2 million in orders and built a quoted pipeline of approximately £28 million. With active projects in Manchester, Southampton and Birmingham, the PFP division is well positioned to capitalise on rising demand as the Building Safety Regulator addresses the well-publicised industry backlogs.
Simon Deacon, CEO of Light Science, commented:
"These accreditations reinforce our ability to deliver safe, compliant solutions for our customers. With Construction Online's new BSA accreditation streamlining the pre-qualification process, we are helping to speed up supply chain approvals and reduce delays across the industry. As the sector adapts to the new regulations, our PFP division is ready to move quickly, supporting contractors and unlocking projects. We believe that these accreditations will simplify processes for existing and potential customers and the PFP division is primed for rapid and sustained growth.
"As such, this recognition will support further contract wins and partnerships, cementing our position as a trusted leader in passive fire protection."
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) Tom Griffiths / George Payne
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+44 (0)20 7408 4050 |
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Walbrook PR Ltd (Media & Investor Relations) Nick Rome / Joe Walker |
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 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, including commercial horticulture, pest control, lighting, audio, gas detection, and fire protection. 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.
LSTH is the holding company for LSTH IFB Limited ("LSTH IFB") in the PFP division; Light Science Technologies Ltd ("Light Science Technologies") and Tomtech (UK) Limited ("Tomtech") in the AGT division and UK Circuits and Electronics Solutions Limited ("UK Circuits") in the CEM division.
Passive Fire Protection (https://injectafirebarrier.com/)
LSTH IFB offers a practical and cost-effective solution to rectify non-compliant public and private buildings, spanning residential, commercial, and industrial sectors, with regard to fire safety regulations - a challenge addressed by a £6.1 billion allocation from the UK government. Serving as the UK's premier independent approved installer, LSTH IFB utilises the ground-breaking Injectaclad fire-resistant graphite barrier system. This system is retroactively installed within building cavities, reinstating fire-resistant performance and containing the spread of fire and smoke compliant with regulatory requirements. This innovative solution stands out as an appealing alternative to the more costly and disruptive method of removing external facades and installing traditional fire barriers. With a proven track record in the passive fire protection market and a robust sales pipeline, LSTH IFB targets a UK market potentially valued at up to £50 billion*.
AgTech
The Group's tailored 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 the Americas, Australasia, and select locations in the Middle East.
The sensorGROW technology enables real-time monitoring of essential air zone growing factors such as carbon dioxide, air humidity, air pressure, air temperature and light, in addition to essential root zone cardinals such as soil temperature, soil moisture, and soil electroconductivity. Further developments to monitor greenhouse gases, initially Nitrous Oxide (N20) are in progress. This empowers farmers to enhance resource management, saving costs on water, nutrients, fertilizers, and energy, while simultaneously increasing yields and cultivating healthier crops. Learn more here: https://lightsciencetech.com/sensorgrow/ . The nurturGROW sustainable grow lighting product range, applicable to greenhouses, vertical farming, polytunnels, and licensed medicinal plants, addresses a robust market with an anticipated global worth of £9.1 billion** by 2030. Explore solutions here https://lightsciencetech.com/solutions/greenhouse/
Through Tomtech, the Group stands out as a UK leader in control systems for commercial greenhouses and polytunnels. Tomtech enables growers to optimise and automate cultivation environments, leading to superior crop growth. The product range includes control systems, software, irrigation, lighting, sensors, and venting, applicable across various crops, ultimately improving yields and profitability. Discover more here https://www.tomtech.co.uk/
Contract Electronics Manufacturing (https://www.ukcircuits.co.uk/)
UK Circuits serves as the Group's profitable and well-established CEM-focused division. It 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.
* Estimators price cladding replacement at 10 times government budget (theconstructionindex.co.uk) 2021
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