PFP Division Trading Update
Light Science Technologies Holdings plc has reported strong trading in its Passive Fire Protection division following the acquisition of Injectaclad, securing between £1.28 million and £1.66 million in new orders and projects. This includes two ongoing installation projects valued at approximately £390,000 to £775,000 and additional Injectaclad material supply orders totaling around £885,000 since the acquisition. The company is encouraged by the progress and the strategic integration of installation services with material supply, anticipating continued activity as projects move through regulatory approval processes.
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Secured Since Injectaclad Acquisition
Light Science Technologies Holdings plc (AIM: LST), the innovative technology and manufacturing business, is pleased to provide an update on trading within its Passive Fire Protection ("PFP") division following the acquisition of RLUK Injection Ltd ("RLUK"), owner of Injectaclad, the patented fire-resistant barrier system, on 14 April 2026.
The Group currently has two passive fire protection installation projects in progress with a combined contract value of c.£390k to c.£775k depending on the extent of remediation required.
In parallel, the Company continues to make strong progress following the acquisition of RLUK.
As announced on 5 May 2026, the Company secured its first post-acquisition Injectaclad materials supply contract valued at c.£410k for a residential remediation project. The Company has now secured additional Injectaclad material supply orders with a value of c.£475k from approved installation contractors within the Injectaclad network.
Furthermore, delivery of materials for the previously announced Hull project has progressed ahead of schedule, with the balance of the £410k order now expected to be delivered during June rather than over the originally anticipated 19-week project programme.
Accordingly, total Injectaclad material supply orders secured since completion of the acquisition now amount to c.£885k.
Taken together, the installation and materials supply activities represent additional orders and projects with a value of c.£1.28 million to c.£1.66 million secured since the RLUK acquisition completed.
The progress achieved reflects the strategic rationale behind the acquisition, creating a vertically integrated business that combines installation services with the supply of Injectaclad materials through our trusted network of quality-accredited installation contractors. The Group continues to support customers and contractors as projects progress through the Building Safety Regulator approval process and remains encouraged by the level of activity across both the installation pipeline and the Injectaclad installer network.
Simon Deacon, CEO of LSTH, commented: "We are pleased with the progress achieved across our Passive Fire Protection division since completing the RLUK acquisition in April. The growth in installation activity demonstrates the strength of our core business, while the material supply orders secured through the Injectaclad installer network validate the strategic rationale for the acquisition.
"We were also delighted to sponsor and exhibit at The Institution of Fire Engineers (IFE) International President's Conference 2026, experiencing strong engagement from fire engineers across the UK, alongside representatives from the Building Safety Regulator and other key industry stakeholders.
"Securing c.£885k of material supply orders within the first few months of ownership, alongside a growing installation pipeline, provides encouraging evidence that our strategy is gaining traction. We remain focused on supporting our installer network, converting opportunities within the project pipeline and building a scalable, higher-margin business within the PFP division."
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