Award of Patent

RNS Number : 9669B

FireAngel Safety Technology Group

05 February 2020

 

5 February 2020

FireAngel Safety Technology Group plc

('FireAngel', the 'Group' or the 'Company')

European patent granted for FireAngel Predict^TM

and

Launch of the FireAngel Pro Connected B2C platform

FireAngel (AIM: FA.), one of Europe's leading developers and suppliers of home safety products, announces that FireAngel Predict^TM, the Group's predictive algorithm management information platform, has been granted a patent by the European Patent Office.  This follows the successful grant of a patent awarded in both the USA and Australia.

Following a thorough examination process by the European Patent Office, this patent award gives FireAngel the exclusive right to exploit this technology in Europe.  The patent protects the key operating system required to deliver the functionality behind FireAngel Predict^TM, the Company's AI data analytics technology, which has the potential to avert domestic fires before they start by automatically analysing large amounts of historical data in the Cloud.

FireAngel Predict^TM pinpoints properties where there is a higher risk of a fire which provides stakeholders within the housing sector a unique insight into the safety of the occupants and their property portfolio.  This is delivered seamlessly through online notifications, thereby protecting lives and homes and providing a compelling proposition to help fulfil the stakeholders' duty of care.

Launch of the FireAngel Pro Connected B2C platform

In addition, the Company announces the launch of its FireAngel Pro Connected B2C platform which is currently available from Amazon, Screwfix and Toolstation. The FireAngel Pro Connected gateway connects directly to the FireAngel Pro Connected range of domestic safety products and utilises the unique data analytics provided by FireAngel Predict^TM.

Commenting, John Conoley, Executive Chairman of FireAngel, said:

"FireAngel Predict^TM is a unique capability in this market.   We are pleased to have been granted the European patent for it which opens a whole new market for us to target.  Our launch of the FireAngel Pro Connected B2C app, and the B2B trial installations, allied to the sharply growing market awareness of the need proactively to manage fire risks and safety, mean that the Company has finally reached the start line of an exciting future.  We look forward to the rest of 2020 and beyond."

For further information, please contact:

FireAngel Safety Technology Group plc	024 7771 7700
John Conoley, Executive Chairman
Mike Stilwell, Group Finance Director
Shore Capital (Nominated adviser and broker)	020 7408 4050
Tom Griffiths

Notes to Editors

About FireAngel Safety Technology Group plc

FireAngel's mission is to protect and save lives by making innovative, leading-edge technology home safety products which are simple and accessible.

FireAngel's principal products are smoke alarms, CO alarms, heat alarms and accessories.  The Company has an extensive portfolio of patented intellectual property in Europe, the US and other selected territories.  Products are sold under FireAngel's leading brands of FireAngel, FireAngel Pro, FireAngel Specification and AngelEye.

For further product information, please visit: www.fireangeltech.com 

 

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