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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fireangel Safety Technology Group Plc | LSE:FA. | London | Ordinary Share | GB0030508757 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.00 | 4.00 | 6.00 | 5.00 | 5.00 | 5.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Communications Equip, Nec | 57.46M | -5.85M | -0.0323 | -1.55 | 9.05M |
TIDMFA.
FireAngel Safety Technology Group
29 November 2018
29 November 2018
FireAngel Safety Technology Group plc
("FireAngel" or the "Company")
Contract win
FireAngel (AIM: FA.), one of Europe's leading developers and suppliers of home safety products, announces that it has signed a contract to supply Glasgow-based Queens Cross Housing Association with over 12,000 battery powered smoke and heat alarms.
The smoke alarms and heat alarms will be installed in over 3,500 properties across the city centre ahead of the Scottish Government's anticipated legislative changes, which are expected to be introduced in 2019. Under the new legislation, all homes will require sealed long-life battery or mains wired alarms that are interlinked, with one functioning smoke alarm in the room that is frequently used by the occupants in the daytime, one functioning smoke alarm in every circulation space on every floor, and one heat alarm in every kitchen. A carbon monoxide alarm will also need to be fitted in each room with a carbon-fuelled appliance or flue.
The Wi-Safe 2 wireless interlink alarms from FireAngel ensure that each property achieves constant compliance through the use of interlinked alarms installed in the kitchen, hallway and living room.
The alarms will be installed by Queens Cross Housing Association's maintenance team over an eighteen-month period, with additional FireAngel carbon monoxide alarms also being installed in properties where there is a carbon-fuelled appliance or flue present.
Jim Williams, Maintenance Manager at Queens Cross Housing Association, said: "We have used FireAngel's carbon monoxide alarms in the past, so we know the quality and durability of the brand well. Following the Government's legislative updates, it is vital that we ensure that we are providing every single tenant with the highest level of protection, which we can easily achieve with FireAngel's range of interlinked alarms."
Neil Smith, Group Chief Executive of FireAngel, commented: "We are delighted to be providing Queens Cross Housing Association with our range of interlinked alarms. Our Wi-Safe 2 alarms are designed to provide the highest level of protection at all times and ensure compliance with the imminent new legislative changes requiring interlinked alarms in all properties."
For further information, please contact:
FireAngel Safety Technology Group plc 02477 717 700 Graham Whitworth, Executive Chairman Neil Smith, Group Chief Executive Stockdale Securities Limited 020 7601 6100 Tom Griffiths Vigo Communications 020 7390 0233 Jeremy Garcia / Fiona Henson / Charlie Neish
Notes to Editors
About FireAngel Safety Technology Group plc ("FireAngel")
FireAngel's mission is to protect, save and improve our customers' lives by making innovative, leading edge technology simple and accessible. FireAngel is one of the market leaders in the European home safety products market and launched its own connected homes product proposition at the end of 2016.
FireAngel's principal products are smoke alarms, CO alarms and accessories. The Company has an extensive portfolio of patented intellectual property in Europe, the US and other selected territories. Products are sold under FireAngel's leading brands of FireAngel, FireAngel Pro, AngelEye and FireAngel Connect.
For further product information, please visit: www.fireangeltech.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
November 29, 2018 02:01 ET (07:01 GMT)
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