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LifeSafe Holdings PLC on Monday said it is optimistic that two new contracts will be announced in the coming months.
The Essex, England-based fire safety technology developer said it is building a ‘solid pipeline’ of revenue opportunities in the fire safety market.
It is close to sealing a global distribution agreement with a ‘multi-billion revenue business’. The total opportunity could ‘transform’ the company’s current revenue, it said.
As part of this deal, a purchase order worth around €800,000 is expected in the coming months, LifeSafe said.
It also said negotiations are drawing to a conclusion for a supply contract of cannisters to a ‘European specialist in fire protection solutions for companies’, worth over £800,000 over the next two years.
LifeSafe said it is ‘increasingly positive’ on these deals but it is not guaranteed that negotiations will be completed in this timeline on these terms, or complete at all.
Shares in LifeSafe were down 3.9% to 7.21 pence in London on Monday morning.
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