LifeSafe Holdings has developed fire safety products, using eco-friendly fluid. Raising the cash and joining AIM will help the company develop further products, build up inventories and finance additional marketing.
It is estimated that 17% of the 23.5 million UK households in England have a fire extinguisher. The extinguishers can also be sold to commercial premises. There are trials with fire services in the UK. There is also a link-up with digital home insurer Locket, which encourages use of technology to reduce insurance costs.
The share price ended the first day of trading at 77.5p ...
