LifeSafe Holdings plc announced the signing of a distribution agreement for the supply of its Thermal Runaway Fluid to Lingjack Fire and Life Saving PTY ("Lingjack"), a substantial Asian fire safety business located in Singapore. The distribution agreement represents a major growth opportunity for the Company, providing a new and incremental revenue opportunity, as well as expansion into a significant territory. The initial stages of the exclusive agreement will see LifeSafe's Thermal Runaway Fluid solution added to Lingjack's range of fire extinguishers and fixed suppression systems across Singapore, China, Malaysia, Thailand and Indonesia.

The Board expects there to be opportunities to broaden the agreement with Lingjack to include further LifeSafe products. Lithium battery fires exhibit unique characteristics and therefore require innovative solutions, particularly given the increasing number of devices and industries around the world utilising the power and efficiency of lithium batteries. The market opportunity in Southeast Asia for the LifeSafe's innovative Thermal Runaway Fluid solution is both significant and growing.

The lithium Thermal Runaway Fluid is designed to permanently extinguish and prevent the re-ignition of lithium fires and has been engineered to remove the heat from the lithium fire, therefore making the battery safer post trauma.