Business
CEM Contract Win
Light Science Technologies Holdings plc announces its Contract Electronics Manufacturing division has secured a new client in the healthcare devices sector, with an initial order valued at approximately £160,000 and potential annual orders reaching up to £650,000. This strategic win aligns with the company's focus on higher-margin revenue opportunities and expands its customer base across diverse market sectors, enhancing revenue visibility and reducing exposure to individual markets. The company continues to target long-term contracts and high-margin growth markets, including defence, medical, and healthcare. Disclaimer*
About this update from Light Science Technologies Holdings Plc
Light Science Technologies Holdings plc ("LSTH", "Light Science", the "Company" or the "Group") CEM Contract Win New healthcare client aligned with strategy targeting higher margin revenue opportunities Light 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, announces that its Contract Electronics Manufacturing division ("CEM"), UK Circuits and Electronics Solutions Limited ("UKC"), has secured a new client in the healthcare devices sector. The customer is a UK-headquartered, international healthcare manufacturer specialising in the design, production and supply of medical devices and consumables used across acute and community care settings. Its core product portfolio supports infection prevention, clinical waste management and surgical procedures, addressing critical, high-volume needs across healthcare systems globally. The business has an established international footprint and a strong reputation for quality, reliability and regulatory compliance, supplying mission-critical products that are embedded within everyday clinical practice across hospitals and care environments worldwide. The first order is valued at c. £160,000, with total annual orders from the customer potentially worth up c.£650,000 per annum going forward, subject to the contract proceeding as expected. The CEM division continues to supply products to a growing number of customers across an increasingly broad range of market sectors, targeting long-term contracts that enhance revenue visibility. The Group remains focused on higher-margin opportunities while reducing exposure to individual markets and customers. Simon Deacon, CEO of LSTH, commented: "We are delighted to have secured another contract win this week, further demonstrating the momentum building within the Group. We remain highly focused on converting the Group's pipeline and establishing long-term partnerships as we continue to re-position the CEM division into key high-margin growth markets including defence, medical and healthcare." For additional information please contact: Light Science Technologies Holdings plc Simon Deacon, Chief Executive Officer Jim Snooks, Chief Financial Officer Andrew...
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