Business
Business Update, Notice of Results & Investor Pres
Business Update, Notice of Results & Investor Pres.
About this update from Light Science Technologies Holdings Plc
[{"type":"text","content":"\n\n \nLight Science Technologies Holdings plc\n(\"LSTH\", \"Light Science\", the \"Company\" or the \"Group\")\n \nBusiness Update, Notice of Results & Investor Presentation\n \nLight Science Technologies Holdings plc (AIM: LST), comprising three divisions: controlled environment agriculture (\"CEA\"); contract electronics manufacturing (\"CEM\") and passive fire protection (\"PFP\"), is pleased to provide the following business update and notice of results (for the 12 months to 30 November 2023).\n \n \nContract Electronics Manufacturing\nSusan Johnson has been appointed Business Development Manager in the CEM division for UK Circuits. Susan brings substantial experience in the electronics industry and will lead business development, focusing on new growing markets sectors, bringing new clients to the business, and servicing the existing customer base.\n \nAdditionally, the first 100 units of UK Circuits' initial order for the sports entertainment market segment, announced 8 February 2024, have now been delivered; delivery of the remaining 4,900 units is expected in Q2 2024. The Board believes that this venture holds significant potential for follow on revenue in this new segment.\n \nThe CEM division's current forward order book remains strong at over £4 million, putting it on track when combined with orders already invoiced, to meet internal sales expectations for H1 2024, and setting a solid foundation for the second half of the year.\n \n \nControlled Environment Agriculture\n \nThe CEA division continues its strategy of integrating the products and technologies of Tomtech and Light Science Technologies. Experienced industry professional, Jonathan Barton, is leading the sale of products in the UK. Globally, the division is continuing its work on setting up distributor agreements.\n \nThe pipeline of quoted business currently stands at nearly £40 million in this division.\n \n \nPassive Fire Protection\nThe PFP division continues to roll out its project in Manchester and to develop its strong pipeline of quoted work, now valued over £9 million, in a UK market potentially worth up to £50 billion*. The Group's current contract being implemented in Manchester is worth over £600,000 and is the first since LSTH's acquisition of Injecta Fire Barrier trade a...