FA..L Regulatory News (FA.)

RNS

31 March 2023

FireAngel Safety Technology Group plc

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

Contract win

FireAngel (AIM: FA.), one of Europe's leading developers and suppliers of home safety products, announces that it has signed a three-year contract with British Gas Services Limited ('BGSL') to supply a range of FireAngel branded products through various BGSL supply, service and cover packages such as British Gas Services and solutions and HomeCare.

The contract, which is valued at an estimated £6.0 million over its three-year term, will build on FireAngel's existing ten-year relationship with BGSL. The previous relationship was based on a limited range of products and the contract was extended annually. The new contract includes the supply of a wider range of innovative smoke, heat and carbon monoxide battery and mains powered alarms, as well as FireAngel's Connected products for residential use.

John Conoley, Executive Chairman of FireAngel, commented: "We are delighted to build on our ongoing valuable relationship with British Gas, expanding our portfolio of products through BGSL. This expansion of our existing partnership signifies further progress against our strategy to migrate to higher value activities and commercialise our investment in Connected technology."

The Company expects to announce its final results for the year ended 31 December 2022 in late April.

ENDS

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 Notes to Editors

About FireAngel Safety Technology Group plc

FireAngel's mission is to protect and save lives by making innovative 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