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Lifesafe Holdings Plc ( (GB:LIFS) ) has provided an announcement.
LifeSafe Holdings Plc has entered into a distribution agreement with Flame Control B.V. to supply its range of fire extinguishers and bulk fluids exclusively in the Netherlands and Benelux. This agreement, expected to generate €800,000 in sales over two years, complements a previous global distribution agreement with IDEX Fire & Safety. The partnership introduces LifeSafe’s Multi-Purpose Fluid and Thermal Runaway Fluid to the European market, addressing the need for effective solutions against lithium battery fires and enhancing fire safety in the region.
More about Lifesafe Holdings Plc
LifeSafe Holdings Plc is a fire safety technology company that specializes in developing eco-friendly, innovative fire extinguishing and prevention fluids, along with life-saving fire safety products. The company has created a disruptive range of fire safety protection products, including a patent-pending Thermal Runaway Fluid to combat lithium battery fires and the StaySafe All-in-1, a handheld, eco-friendly extinguisher capable of extinguishing ten different types of fire. LifeSafe is expanding its market presence through innovative technologies, digital marketing, and multi-channel sales.
YTD Price Performance: -21.62%
Average Trading Volume: 53,176
Technical Sentiment Signal: Strong Buy
Current Market Cap: £3.47M
Learn more about LIFS stock on TipRanks’ Stock Analysis page.