Light Science Technologies Holdings PLC (AIM:LST, FRA:9FD) CEO Simon Deacon tells Proactive's Stephen Gunnion that the company has landed its first order since acquiring Injectaclad — a £410,000 contract to supply fire protection materials for a five-storey residential building.
Deacon explains what sets Injectaclad apart: it eliminates the need to remove a building's façade, making it around ten times cheaper and six to seven times faster than traditional remediation, with no disruption to residents.
The commercial opportunity is substantial. The company is working with 11 installers nationwide, has a quoted pipeline of around £130 million, and is targeting a market of over 40,000 UK buildings requiring remedial fire protection work, with improving approval timelines from the Building Safety Regulator helping projects move faster.
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