FireAngel Safety Technology Group Scottish Social Housing Contract Win

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FireAngel Safety Technology Group

24 February 2021

24 February 2021

FireAngel Safety Technology Group plc

('FireAngel' or the 'Group' or the 'Company')

Scottish Social Housing Contract Win

FireAngel (AIM: FA.), a leading developer and supplier of home safety products, announces that it is to supply connected smoke, heat and carbon monoxide alarms to a social housing customer in Scotland.

FireAngel will supply approximately 4,000 properties with the Group's wireless interlinked mains-powered and battery-powered smoke, heat and carbon monoxide alarms. The contract is expected to be fulfilled over the next 18 months with revenue estimated to be nearly GBP0.5 million over the period.

The agreement, which is the latest in a series of related wins for FireAngel, follows the requirement for greater safety standards as part of the Housing (Scotland) Act 2006 (Modification of the Repairing Standard) Regulations 2019. The new standards require all homes in Scotland to have a smoke alarm fitted in the living room or lounge, as well as in circulation spaces, such as hallways and landings, plus heat alarms in kitchens. All fitted alarms are required to be interlinked so that they can be heard throughout the property. In addition, homes are required to have a carbon monoxide alarm fitted wherever there are fixed combustion appliances.

John Conoley, Executive Chairman of FireAngel, commented: "This contract, following a hiatus caused by COVID lockdowns, is the latest in a series of agreements with housing providers following the implementation of the Housing (Scotland) Act. Whilst activity levels in the market remain slightly uncertain due to COVID restrictions, this contract is further evidence of us delivering against our Connected Homes strategy and it is encouraging to see growing demand for our life-saving technology."

For further information, please contact:

 
 FireAngel Safety Technology 
  Group plc                           024 7771 7700 
 John Conoley, Executive Chairman 
 Jon Kempster, Interim Chief 
  Finance Officer 
 
 Shore Capital (Nominated adviser 
  and broker)                         020 7408 4050 
 Tom Griffiths/David Coaten 
 
 Houston (Financial PR)               0204 529 0549 
 Kate Hoare/Laura Stewart 
 

Notes to Editors

About FireAngel Safety Technology Group plc

FireAngel's mission is to protect and save lives by making innovative, leading-edge home safety products which are simple and accessible. FireAngel is one of the market leaders in the European home safety products market.

FireAngel's principal products are connected smoke alarms, CO alarms, heat 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, FireAngel Specification and AngelEye.

For further product information, please visit: www.fireangeltech.com

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February 24, 2021 02:00 ET (07:00 GMT)