TIDMFA.

FireAngel Safety Technology Group

24 February 2021

24 February 2021

FireAngel Safety Technology Group plc

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

Scottish Social Housing Contract Win

FireAngel (AIM: FA.), a leading developer and supplier of home safety products, announces that it is to supply connected smoke, heat and carbon monoxide alarms to a social housing customer in Scotland.

FireAngel will supply approximately 4,000 properties with the Group's wireless interlinked mains-powered and battery-powered smoke, heat and carbon monoxide alarms. The contract is expected to be fulfilled over the next 18 months with revenue estimated to be nearly GBP0.5 million over the period.

The agreement, which is the latest in a series of related wins for FireAngel, follows the requirement for greater safety standards as part of the Housing (Scotland) Act 2006 (Modification of the Repairing Standard) Regulations 2019. The new standards require all homes in Scotland to have a smoke alarm fitted in the living room or lounge, as well as in circulation spaces, such as hallways and landings, plus heat alarms in kitchens. All fitted alarms are required to be interlinked so that they can be heard throughout the property. In addition, homes are required to have a carbon monoxide alarm fitted wherever there are fixed combustion appliances.

John Conoley, Executive Chairman of FireAngel, commented: "This contract, following a hiatus caused by COVID lockdowns, is the latest in a series of agreements with housing providers following the implementation of the Housing (Scotland) Act. Whilst activity levels in the market remain slightly uncertain due to COVID restrictions, this contract is further evidence of us delivering against our Connected Homes strategy and it is encouraging to see growing demand for our life-saving technology."

For further information, please contact:

 
 FireAngel Safety Technology 
  Group plc                           024 7771 7700 
 John Conoley, Executive Chairman 
 Jon Kempster, Interim Chief 
  Finance Officer 
 
 Shore Capital (Nominated adviser 
  and broker)                         020 7408 4050 
 Tom Griffiths/David Coaten 
 
 Houston (Financial PR)               0204 529 0549 
 Kate Hoare/Laura Stewart 
 

Notes to Editors

About FireAngel Safety Technology Group plc

FireAngel's mission is to protect and save lives by making innovative, leading-edge home safety products which are simple and accessible. FireAngel is one of the market leaders in the European home safety products market.

FireAngel's principal products are connected 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

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAKZGZZVFFGMZM

(END) Dow Jones Newswires

February 24, 2021 02:00 ET (07:00 GMT)

Sprue Aegis (LSE:SPRP)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Sprue Aegis Charts.
Sprue Aegis (LSE:SPRP)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Sprue Aegis Charts.