Light Science Technologies shares surged on Tuesday after securing its first material supply order for its fire-resistant graphite barrier system Injectaclad, just two weeks after completing the acquisition of RLUK Injection.
The contract with one of LSTH’s approved installers is worth around £0.41m in Injectaclad material over a 19-week window, supporting a five-storey residential project in East Yorkshire, kicking off in early May. Revenue is expected to land in full in the current financial year.
Investors will also be encouraged by the fact that there are already commitments from 5 of the 11 quality-accredited installation contractors, pointing to a swift ramp-up for what is a higher-margin supply revenue stream than LSTH’s previous installer-only role.
With the Building Safety Regulator pushing to clear cladding remediation backlogs, the company said its Passive Fire Protection division looks well placed to capture a larger share of the value chain over the rest of 2026.
Simon Deacon, CEO of LSTH, said “We are delighted with the recent order win, which highlights the significant opportunity to position ourselves as both an installer and supplier of Injectaclad. The PFP division is gaining increased visibility and is well placed to secure a growing number of projects that would otherwise require full façade removal and replacement, delivering substantial cost savings and minimising disruption for residents.”
“With 11 installers in the network, the Injectaclad acquisition provides access to a broad and growing pipeline of potential projects. The Company is also seeing a growing number of BSR applications specifying Injectaclad. This represents a highly exciting opportunity for the Group, not only within the PFP division but across all our operations, as we focus on driving order conversion, increasing recurring revenues and delivering sustainable profitability.”
Light Science Technologies has announced a steady stream of new contract wins in recent months and is well-capitalised after a recent fundraise.