More press coverage12 May 2023 10:18
FireAngel (FA.), a developer and supplier of home safety products, announced that it has been commissioned by a government agency to supply smoke and heat alarms for a large, connected alarm project for low income families in the Middle East. The contract, which is valued at an estimated £1.5 million, will be delivered over the next six months, commencing this month. It includes the supply of over 60,000 Connected smoke and heat alarms, which will be installed in over 5,000 properties. The company said it was delighted with this latest contract, which is further testament to the continuing demand for its Connected products, both in the UK and overseas. Its Connected technology is designed to provide the highest level of protection at all times and it is well positioned to meet the growing demand for fire safety technology.
Comment: Given where shares of FireAngel are, at year lows, the latest contract win could not have come at a more timely moment. A £1.5m on a current £12m market should be enough to move the dial for the company.