Grant of UK patent

RNS Number : 3355W

LifeSafe Holdings PLC

18 August 2022

 

For immediate release

18 August 2022

LifeSafe Holdings plc

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

Grant of UK patent

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire safety products, is pleased to announce that it has been granted a patent in the UK for the Group's eco-friendly fire extinguishing fluid known as FER1000.

The Group was founded in 2015 to develop an innovative, novel and eco-friendly fluid capable of extinguishing multiple types of fire. Following a successful testing programme, an initial patent application was submitted in April 2017 for the Company's FER1000 fluid.

As described in LifeSafe's IPO Admission Document released on 1 July 2022, on 6 June 2022 the Company received a notice of Intention to Grant the patent from the UK Intellectual Property Office.

The Board is pleased to announce that the patent, GB2561610B, was granted with effect from 17 August 2022 on publication in the UK Intellectual Property Office's Patents Journal.

The FER1000 extinguishing fluid is at the centre of the Group's product range and has been developed by LifeSafe to extinguish five different types of fire: electrical, paper, textiles, cooking oil, and petrol and diesel.

Neil Smith, Chief Executive Officer of LifeSafe, said: "We are delighted that the UK Intellectual Property Office has granted a UK patent for our FER1000 fluid.  This additional protection, which lasts for 20 years from the initial patent application in 2017, recognises our efforts to develop an innovative, novel and eco-friendly fluid capable of extinguishing multiple types of fire, which sits at the very core of our product range.

"The Group's best-selling product, the StaySafe 5-in-1 fire extinguisher, which uses this extinguishing fluid, was launched on Amazon in the UK in August 2021, becoming Amazon Prime's top-selling fire extinguisher in the UK in the same month.  The StaySafe 5-in-1 was subsequently launched in selected European countries in October 2021 and in the US in February 2022."

- Ends -

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

For further enquiries:

LifeSafe Holdings plc	Via Buchanan
Neil Smith, CEO	www.lifesafeholdingsplc.com
Mike Stilwell, CFO
WH Ireland Limited (Nominated Adviser & Broker)	Tel: [phone]
Chris Fielding
Darshan Patel
Buchanan (Financial Communications)	Tel: [phone]
Henry Harrison-Topham	[e-mail]
Kim Looringh-van Beeck
Jack Devoy
George Cleary

Notes to Editors

LifeSafe is a fire safety technology business with a range of life-saving, innovative and eco-friendly fire safety products.  LifeSafe has a highly experienced management team which is seeking to apply new technologies to create new markets for the Group in fire safety through digital marketing, multi-channel sales and the LifeSafe App.

LifeSafe has developed what the Directors believe to be market disrupting, eco-friendly fire safety protection products to both protect (via fire extinguishers) and detect (via carbon monoxide, smoke and heat alarms) fires.  At the centre of the Group's product range is the FER1000 extinguishing fluid, for which the Group has been granted a patent in the UK.  The FER1000 fluid has been developed by LifeSafe to extinguish five different types of fire: electrical, paper, textiles, cooking oil, and petrol and diesel.

The Group's best-selling product using this extinguishing fluid is the StaySafe 5-in-1 fire extinguisher.  It was launched on Amazon Prime in the UK in August 2021 and subsequently became Amazon Prime's top-selling fire extinguisher in the UK in the same month.  StaySafe 5-in-1 and the PanSafe pan fire extinguisher were launched in Screwfix in Spring 2022 with the StaySafe range of smoke, heat and carbon monoxide detectors.

LifeSafe is developing new fluid derivations and products for launch in 2023.

LifeSafe was admitted to trading on AIM in July 2022 with the ticker LIFS.L.  For additional information please visit https://www.lifesafeholdingsplc.com.

LinkedIn: https://www.linkedin.com/company/lifesafe-technologies

Twitter: https://twitter.com/LifesafeT

 

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