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Lifesafe Holdings Plc ( (GB:LIFS) ) just unveiled an update.
LifeSafe Holdings plc has announced a global distribution agreement with IDEX Fire & Safety, granting LifeSafe access to the worldwide professional fire safety market. This 18-month exclusive agreement is expected to generate revenue of £6-8 million over the next three years and will open new territories and market sectors for LifeSafe’s products. The partnership is seen as potentially transformational, combining LifeSafe’s innovative products with IDEX’s extensive distribution network across 120 countries, enhancing safety and efficiency for fire professionals globally.
More about Lifesafe Holdings Plc
LifeSafe Holdings plc is a fire safety technology business that develops innovative fire extinguishing and prevention fluids and life-saving fire safety products. The company focuses on eco-friendly solutions, including a patent-pending Thermal Runaway Fluid for lithium battery fires and the StaySafe All-in-1 extinguisher. LifeSafe is creating new markets through its innovative technologies and multi-channel sales strategies.
YTD Price Performance: -21.62%
Average Trading Volume: 85,480
Technical Sentiment Signal: Buy
Current Market Cap: £3.47M
See more insights into LIFS stock on TipRanks’ Stock Analysis page.