FireAngel Safety Technology Group Contract wins

TIDMFA.

FireAngel Safety Technology Group

17 December 2018

17 December 2018

FireAngel Safety Technology Group plc

("FireAngel" or the "Company")

Contract wins

FireAngel (AIM: FA.), one of Europe's leading developers and suppliers of home safety products, announces that it has secured agreements to supply mains and battery-powered smoke and heat alarms to two housing associations in Scotland.

The Company will supply River Clyde Homes, a not-for-profit affordable housing provider with 5,800 homes, with a mix of mains and battery products. It has also signed a two-year agreement with Caledonia Housing Association, which owns and manages over 4,000 homes, to supply a mix of mains and Wi-Safe 2 battery alarms, which are all compatible with the Company's connected home solutions. This contract, along with the previously announced contract with Queens Cross Housing Association, has been secured through the Scottish Procurement for Housing framework.

Following changes to the Housing (Scotland) Act, expected to be enacted early in 2019, all homes in Scotland will require:

   --    sealed long-life battery or mains-wired alarms that are interlinked; 

-- 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; 
   --    one heat alarm in every kitchen; and 

-- a carbon monoxide alarm will also need to be fitted in each room with a carbon-fuelled appliance or flue.

FireAngel's Wi-Safe 2 wireless interlink alarms ensure that each property achieves constant compliance through the use of interlinked alarms installed in the kitchen, hallway and living room. Additionally, FireAngel's unique monitoring platform, FireAngel Connect, allows for remote monitoring and instant notifications.

Neil Smith, Group Chief Executive of FireAngel, commented: "We are delighted to have signed two further contracts with housing associations in addition to our Queens Cross Housing Association agreement. Our alarms are designed to provide the highest level of protection at all times and to ensure compliance with the imminent new legislative changes requiring interlinked alarms in all properties. It is encouraging to see housing associations in Scotland recognising the imminent implementation of legislation and the need to ensure the products they are seeking to install are compliant with the upcoming regulations."

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

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December 17, 2018 02:01 ET (07:01 GMT)