New AIM admission: Light Science Technologies growing plan

Light Science Technologies is a contract electronics manufacturer and a developer of controlled environment agriculture technology. The latter is yet to generate revenues and the loss it makes is much higher than the profit from the contract electronics manufacture.

The agricultural technology helps farmers to maximise crop productivity and monitor the growing environment. Management says that there is already a strong pipeline of potential orders for the agricultural technology, but it is yet to become commercial.

The cash raised in the flotation will be used to expand facilities and increase marketing. There is a pipeline of £40.6m of potential business – of course orders may not be forthcoming. There is also a contract with Zenith Nurseries, which consists of three development st...

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