Business
PFP Division – UK Dangerous Cladding Report
PFP Division – UK Dangerous Cladding Report.
About this update from Light Science Technologies Holdings Plc
[{"type":"text","content":"\n\nREACH\nLight Science Technologies Holdings plc\n(\"LSTH\", \"Light Science\", the \"Company\" or the \"Group\")\n \nPFP Division - UK \"Remediation of Dangerous Cladding\" Report\n \nLight Science Technologies Holdings plc (AIM: LST), the innovative technology and manufacturing business providing real-world solutions targeting issues including global food security and fire safety, notes the UK Committee of Public Accounts report on the remediation of dangerous cladding, published on Friday 21 March 2025, and reiterates its belief that the Injectaclad solution installed by LSTH IFB Ltd (Injecta Fire Barrier), offers the most practical, cost-effective and least invasive solution to rectifying non-compliant public and private buildings in the UK, requiring cavity remediation.\n \nThe report highlights severe delays, with work yet to start on half of identified buildings, increasing financial burdens on residents, a lack of skilled engineers, and a large increase in the expected scope of works. Initially estimated as a £600 million effort for 450 buildings, estimates have expanded to cover 9,000-12,000 medium and high-rise buildings, with projected costs between £12.6 billion and £22.4 billion.\n \nThe Injectaclad solution offers several key benefits to alternative methods, which typically require the removal of an entire brick or rendered façade, and addresses many of the difficulties highlighted in the report whilst facilitating lower risk mitigations under the PAS 9980 guidance for risk-based assessments of external walls. Firstly, it is a far more cost-effective solution with a typical project quote being c.3x lower than the alternative of façade removal. Installation is within the internal cavity so reduces disruption for residents and overall project length significantly, while capacity is fast to ramp up, with a large pool of UK fire safety accredited installers available.\n \nSince it was acquired in November 2023, Injecta Fire Barrier has worked on 11 buildings, taken orders totalling £2.7million, and has built a quoted pipeline of live projects with a combined value of £16.5 million. This should see the conversion of the strong quoted pipeline at a faster rate now the Building Safety Regulator has committed to clearing a backlog on 122 Gateway 2 projects by the end of April 2025.\n \n...