Light Science Technologies Holdings plc announced an initial contract with a new blue-chip customer worth in excess of £750,000, for its passive fire protection division, LSTH IFB Limited ("LSTH IFB"). The contract, with a blue-chip world leader in the construction sector, which is active in more than 120 countries, involves LSTH IFB installing the Injectaclad cavity sealant throughout an 11-storey student accommodation block in Nottingham. LSTH IFB will provide an eight-person team that will drill access holes through the structural insulated timber panels, then install Injectaclad horizontally at every floor level - per the videohere.

Work on the contract has now commenced and is expected to run until December 2024, with revenues being recognized in H2 of the current financial year.