Further Sports Entertainment Order

Light Science Technologies Holdings plc (AIM: LST), comprising three divisions: Controlled Environment Agriculture ("CEA"); Contract Electronics Manufacturing ("CEM"); and Passive Fire Protection ("PFP"), announces a follow-on sports entertainment order within the CEM Division.

The Company has received an additional order from its customer in the sports entertainment segment, worth £134,250. This is the customer's fourth order since its first in February 2024, taking the total order value to £537,000 and the total number of units to 20,000. The project is anticipated for delivery to the customer across October and November 2024, with revenues recognised during the current financial year. With 18 operational venues across the UK and US and eight more currently under construction, the Board sees significant potential for growing orders as the client expands, with repeat business to replace units at the end of their lifecycle.

As previously stated, Group trading remains in line with management expectations, with CEM revenue expected to total £9m-£9.5m for the full year.

Simon Deacon, CEO of LSTH commented: "We are delighted with the continued momentum and traction within sports entertainment in the CEM division. We are especially pleased with the speed and quantum of follow-on orders from this client - having only announced them as a new customer in February of this year. The combination of our existing client base with the potential to add new customers, underpins management's confidence in the division."

Nick Rome / Joe Walker

Controlled Environment Agriculture

The sensorGROW technology enables real-time monitoring of essential air zone growing factors such as carbon dioxide, air humidity, air pressure, air temperature, and light. In development, it aims to extend monitoring to soil temperature, soil moisture, and soil electroconductivity. This empowers farmers to enhance resource management, saving costs on water, nutrients, fertilizers, and energy, while simultaneously increasing yields and cultivating healthier crops. Learn more here https://lightsciencetech.com/sensorgrow/ . The nurturGROW sustainable grow lighting product range, applicable to greenhouses, vertical farming, polytunnels, and medicinal plants, addresses a robust market with an anticipated global worth exceeding US$6.5 billion by 2026. Explore solutions here https://lightsciencetech.com/solutions/greenhouse/

Contract Electronics Manufacturing (https://www.ukcircuits.co.uk/)

Passive Fire Protection (https://injectafirebarrier.com/)

LSTH IFB offers a practical and cost-effective solution to rectify non-compliant public and private buildings, spanning residential, commercial, and industrial sectors, with regard to fire safety regulations-a challenge addressed by a £5.1 billion allocation from the UK government. Serving as the UK's premier independent approved installer, LSTH IFB utilizes the ground-breaking Injectaclad fire-resistant graphite barrier system. This system is retroactively installed within building cavities, reinstating fire-resistant performance and containing the spread of fire and smoke compliant with regulatory requirements. This innovative solution stands out as an appealing alternative to the more costly and disruptive method of removing external facades and installing traditional fire barriers. With a proven track record in the passive fire protection market and a robust sales pipeline, LSTH IFB targets a UK market potentially valued at up to £50 billion*.