• Light Science Technologies CEO on new £750k contract; opportunities in passive fire protection

  • Jun 25 2024
  • Length: 6 mins
  • Podcast

Light Science Technologies CEO on new £750k contract; opportunities in passive fire protection By cover art

Light Science Technologies CEO on new £750k contract; opportunities in passive fire protection

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  • Light Science Technologies Holdings PLC (AIM:LST) CEO Simon Deacon joined Proactive's Stephen Gunnion with details of a £750,000 contract from a global bluechip construction company. This order was secured due to the company's innovative fire barrier solutions, which save clients money and time by avoiding traditional fire-stopping methods. Deacon emphasised that this initial contract is likely to lead to more work with the same customer and highlighted the potential market size of £50 billion in passive fire protection. He also mentioned the progress of a £600,000 contract for fire protection in Salford and expressed optimism about further opportunities. Deacon said the retrofit market, driven by new safety regulations, presents substantial growth potential with an estimated 33,000 buildings requiring updates. To capitalise on this market, Light Science Technologies is ramping up efforts, including the appointment of Sean Tasker as the new managing director for the division. Deacon shared that the company is handling increasing inquiries and aims to convert these into contracts, expecting significant growth and improved margins across all divisions. Visit Proactive's YouTube channel for more videos, and don't forget to like this video, subscribe to the channel, and enable notifications for future content. #LightScienceTechnologies #SimonDeacon #PassiveFireProtection #ConstructionInnovation #RetrofitMarket #BuildingSafety #FireSafetySolutions #CEOTalks #BusinessGrowth #ProactiveInvestors #ProactiveInvestors #investingtips #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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