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The latest announcement is out from Lifesafe Holdings Plc ( (GB:LIFS) ).
LifeSafe Holdings plc has launched a new 6-litre Multi-Purpose Fluid extinguisher in partnership with Trinity Fire & Security Systems Ltd, marking a significant expansion into the traditional cylinder market valued at $9 billion annually. This extinguisher, accredited with BSI Kitemark, CE, Class A, B, F, and NTA 8133, is particularly noteworthy for its capability to extinguish lithium-ion battery fires, a growing concern in the industry. The collaboration with Trinity Fire & Security, a major player in the UK fire safety sector, is expected to enhance LifeSafe’s market presence and provide access to a broader customer base.
More about Lifesafe Holdings Plc
LifeSafe Holdings plc is a fire safety technology company that develops innovative, eco-friendly fire extinguishing and prevention fluids and products. The company focuses on creating market-disrupting fire safety solutions, including a patent-pending Thermal Runaway Fluid for lithium battery fires and the StaySafe All-in-1 handheld extinguisher, which is fully recyclable and capable of extinguishing ten different types of fires. LifeSafe was admitted to trading on AIM in July 2022.
YTD Price Performance: -8.11%
Average Trading Volume: 81,019
Technical Sentiment Signal: Buy
Current Market Cap: £4.07M
See more data about LIFS stock on TipRanks’ Stock Analysis page.