Speedshop Productions Ltd in the Spotlight: "Garage Talk Online" Features Exclusive Interviews

We’re thrilled to share some exciting news about Speedshop Productions Ltd, one of our standout companies in the VCCrowd portfolio. As a proud stakeholder, we’re delighted to spotlight their growing impact in the media world. Yesterday, the YouTube channel, Garage Talk Online, released a must-watch video featuring interviews with Lucy and Ethan of Speedshop Productions Ltd.

This is a great opportunity for our members to get a closer look at the creative minds and behind-the-scenes stories driving this exciting project.

Meet Ethan

The first interview features Ethan, a key contributor to Speedshop Productions' groundbreaking TV series. Dive into Ethan’s vision as he shares insights into his personal journey

Watch Ethan’s Interview: Garage Talk Online - Start at 0:50

Meet Lucy

Later in the video, Lucy takes the stage. As another pivotal figure in the production, Lucy discusses the challenges and triumphs of bringing this ambitious project to life. Speedshop Productions is soon to become a force to be reckoned with in the car restoration TV show sector.

Watch Lucy’s Interview: Garage Talk Online - Start at 43:50

A Global Spotlight in the New Year

Speedshop Productions’ fresh and dynamic car restoration show is set to stream globally in the new year, marking an incredible milestone for the company. We’re proud that many of our members hold shares in this exciting venture as part of their portfolio.

More Opportunities to top up your stake in Speedshop

Keep your eyes and ears open—we’ll soon be announcing additional ways for members to gain even more shares in Speedshop Productions. As we approach the global launch of their TV show, this is a unique chance to deepen your involvement in their success story.

Why This Matters for Our Members

Speedshop Productions is a shining example of how VCCrowd portfolio companies are pushing boundaries and achieving success. By watching these interviews, you’ll gain a deeper appreciation for the company’s vision and the value of our investment in their journey.

We encourage all VCCrowd members to check out the video. Let’s celebrate the ongoing journey of Speedshop Productions together!

Stay tuned for more updates as this project progresses—we can’t wait to see what comes next!

We’re excited to share some fantastic news from LifeSafe Holdings PLC, a perfect example of what the VCCrowd does best—getting members in early on businesses with the potential for huge success. Unlike traditional investing, you don’t put your own money at risk; instead, the Club invests and issues complimentary shares to members. Many of you received LifeSafe shares when it was a small private company, and after it went public on the London Stock Exchange, you’ve had the opportunity to trade those shares on the open market. For those still holding shares, this latest update is especially exciting!

Today, LifeSafe announced significant new distribution partnerships in Canada, Ireland, and Australia, opening the door to exciting growth opportunities. In these new markets, LifeSafe’s StaySafe All-in-1 aerosol fire extinguisher will soon be available, alongside their cutting-edge fire prevention technologies.

But instead of just reading the details, we can also share a video interview with LifeSafe’s CEO, Dominic Berger, where he breaks down the exciting developments and what they mean for the company’s future. Watch the video below to hear directly from Dominic!

Watch the Interview with Dominic Berger, CEO of LifeSafe

Key Highlights from the Announcement:

• Canada: LifeSafe’s first purchase order with GreenTech Fire Solutions is for 10,000 units of the StaySafe All-in-1 fire extinguisher, introducing the product to the Canadian market.

• Ireland: Partnering with EHS International, LifeSafe is expanding its range with both the StaySafe All-in-1 extinguisher and a new 6-litre canister featuring their advanced Multi-Purpose Fluid, designed to combat lithium battery fires.

• Australia: LifeSafe has secured an initial purchase order of 18,144 units from Pacific Optics PTY Limited, further boosting its global reach.

For those who want to dive into the full announcement details, click here to read the official release. But if you’re short on time, watching the interview will give you all the key insights!

Stay tuned for more exciting updates from LifeSafe and congratulations to all shareholders!

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The feature generated such high demand that the StaySafe fire extinguishers set aside for this promotion, sold out within hours. Sales far exceeded expectations. Due to this overwhelming response, CBS Mornings Deals plans to rebroadcast the segment, offering another opportunity for LifeSafe Technologies to reach a broader audience and drive further sales.

This remarkable success highlights the ongoing potential of LifeSafe Technologies and the impact of VCCrowd's early investment. We are excited to see StaySafe making strides in the market, underscoring the importance of innovative safety solutions.

Stay tuned for more updates as we continue to follow and support LifeSafe Technologies on their journey of growth and success as they disrupt the massive fire fighting market place.

You can see the TV segment on YouTube here

Visum Technologies PLC has announced a non-binding agreement to acquire Socrates Imaging, a company specializing in photo and video capture in the travel and leisure sector. This acquisition, valued at €2 million, involves a mix of cash and Visum shares. The deal aims to leverage Socrates Imaging's extensive experience, over 150 client contracts, and advanced technology. 

For Visum Technologies shareholders, this acquisition represents an opportunity for enhanced market positioning and technology integration, potentially leading to accelerated growth and the introduction of innovative products, thereby offering a potentially beneficial impact on shareholder value.

For the full details of the announcement, please visit: https://www.aquis.eu/stock-exchange/announcements/4482190

VCCrowd is excited to share details of the Race Retro event, a spectacular celebration of classic car racing. This must-attend event for classic racing car enthusiasts will take place next weekend at Stoneleigh Park, near Coventry.

Over 24,000 fans are expected to gather, not just to enjoy the high-speed races but to be a part of a unique experience where classic motorsport meets cutting-edge entertainment. The highlight for VCCrowd will include the introduction of Speedshop for our Club members. Speedshop is our latest exciting investment venture. Speedshop, a young and dynamic TV production company, is rapidly gaining prominence in the racing and entertainment industry.

We are thrilled Ethan and Lucy from Speedshop will be taking the stage on Friday, Saturday, and Sunday to share their unique perspectives on racing and give an insider's look at their innovative TV show. This is an unmissable opportunity to gain insights into the world of racing and TV production.

For our club members, we are offering an exclusive and thrilling experience – a complimentary passenger ride in a classic car around the race track, a privilege that usually costs £20. This offer promises to add an exhilarating touch to your weekend.

Please note that while we have arranged these special experiences, attending the Race Retro event requires purchasing your own ticket for access to the wider event. All event details and ticket information are available at www.raceretro.com.

We encourage those interested in the complimentary classic car ride or in having personal discussions with the Speedshop team to RSVP at support@vccrowd.com. Your prompt response is essential for us to effectively organize these unique opportunities.

This event is not just a day out; it's a chance to immerse yourself in the passion and energy of classic car racing while connecting with the innovative minds behind Speedshop.

RSVP soon to ensure you don't miss out on this fantastic weekend. We look forward to sharing this incredible experience with you.

Event Details: Race Retro Event
Date: 23-25 Feb 2024
Location: Stoneleigh Park, near Coventry
RSVP: support@vccrowd.com
Booking Website: www.raceretro.com

https://www.youtube.com/watch?v=R4lXWs4ku4Q

DG Innovate (DGI), the advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and energy storage, is pleased to announce that the Company has signed a Joint Development Agreement with a tier-one commercial vehicle components company, to jointly develop systems for heavy goods vehicles applications utilising DG Innovate's Pareta® drive technology.

The Pareta® system provides a simpler, lighter and more cost-effective solution, applicable over a range of applications for both new generation electric and hybrid heavy goods vehicles, as well as those continuing to be powered by internal combustion engines. By applying DGI's technology utilised in the Company's Pareta® drives, the parties believe leading performance systems can be developed. Designed to provide redundancy within the system, to be robust, fit in the existing available spaces, and respond rapidly with appropriate force. Inbuilt processing power/intelligence further provides additional functionality, making each application a powerful, intelligent sub-system in its own right.

The Agreement, which includes funding to the Company, covers the first proof of concept stage, that will see prototypes produced in H1 2024, followed by on vehicle trials in H2 2024.

Commenting, Peter Bardenfleth-Hansen, CEO of DG Innovate, said: "This agreement with a global leader in commercial vehicle components highlights the substantial and varied opportunities for the technology behind DGI's Pareta® drive in a very large market. I look forward to providing further updates on this project, and more generally, as we leverage DGI's technology and build a scaled business focused on green technology."

DG Innovate plc

Appointment of Corporate Broker

DG Innovate (LSE: DGI), the advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and energy storage, announces that it has appointed Cavendish Capital Markets Limited as the Company's sole Corporate Broker with immediate effect."

The Liverpool City Region Combined Authority has granted a £440,000 loan to Happy Drinks Company, a business founded by type 1 diabetic Ian Minton, aimed at creating soft drinks free of artificial sweeteners. The loan, from the Flexible Growth Fund, will help expand the company's bottling and manufacturing capacity, leading to the creation of 24 new jobs. The Sefton-based company, which already supplies major retailers like Lidl and M&S, focuses on using natural, stevia-based ingredients. This investment supports local economic development and aligns with the Authority's goal of social and economic improvements in the region.

For more details, you can visit the original article click here 

RESEARCH NOTE CLICK HERE

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire extinguishing fluids and fire safety products, reports its maiden audited Final Results for the year ended 31 December 2022 (‘FY22’ or ‘the Period’).

Financial highlights:

Operational highlights

¹ Underlying LBITDA represents loss for the year before finance expense, tax, depreciation and amortisation, and non-underlying items (which comprise IPO listing costs, share-based payment charges and other non-underlying items).

² Underlying loss from operations represents loss for the year before finance expense, tax and non-underlying items (which comprise IPO listing costs, share-based payment charges and other non-underlying items).

³ Underlying loss before tax represents loss for the year before tax and non-underlying items (which comprise IPO listing costs, share-based payment charges, other non-underlying items and convertible loan note interest).

Commenting on the maiden Final Results, Dominic Berger, Executive Chairman of LifeSafe, said: “I am extremely pleased to report the excellent operational and strategic progress made by the Group in FY22.  In addition to the Group’s successful IPO and admission to AIM in July 2022, one of only a handful of successful AIM listings in the year, significant progress has been made in commercialising LifeSafe’s core product after a number of years of innovation, development and refinement of the Group’s proprietary fire extinguishing fluid.

“Revenue materially exceeded the Board’s expectations set both at the beginning of 2022 and reset towards the end of the year.  This was a phenomenal achievement against a worsening domestic and international macro-economic landscape as the year progressed, and even more impressive considering that LifeSafe only commenced trading through Amazon Prime in the UK in August 2021 and through Amazon US, and our LifeSafe US website, in February 2022.

“We have made a solid start to 2023, outperforming the Group’s budget with sales over four times those of the first two months of 2022 and gross margin ahead of last year by almost 4%.  We remain on course to reach profitability, on a monthly basis, in the last few months of 2023.”

Investor presentation

An ‘in-person’ meeting for sell-side analysts will be held at 9.30am (BST) today at the offices of Buchanan, 3^rd Floor, 107 Cheapside, London EC2V 6DN.  Please contact Buchanan via lifeSafe@buchanan.uk.com if you wish to join the meeting.

The Company will also be hosting a presentation for retail investors to discuss the announcement on 19 April 2023 at 5.00pm (BST).  Please email lifesafe@buchanan.uk.com to register your interest.

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (“MAR”).  Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

The person responsible for arranging the release of this announcement on behalf of the Company is Mike Stilwell, Chief Financial Officer of the Company.

For further enquiries:

Notes to Editors

LifeSafe is a fire safety technology business that develops eco-friendly, novel and innovative fire extinguishing fluids with a range of life-saving fire safety products.  Through its highly experienced management team, LifeSafe is seeking to create new markets for the Group in fire safety through new technologies, digital marketing and multi-channel sales.

LifeSafe has developed what the Directors believe to be a market disrupting range of eco-friendly fire safety protection products including, launched in December 2022, a new Thermal Runaway Fluid to combat thermal runaway in lithium battery fires by permanently extinguishing and preventing the re-ignition of lithium fires.  This is an evolution of the Group’s core FER1000 extinguishing fluid, for which the Group has been granted a patent in the UK, which has been developed by LifeSafe to extinguish five different types of fire: electrical, paper, textiles, cooking oil, and petrol and diesel.

The Group’s best-selling product using this extinguishing fluid is the StaySafe 5-in-1 fire extinguisher.  It was launched on Amazon Prime in the UK in August 2021 and subsequently became Amazon Prime’s top-selling fire extinguisher in the UK in the same month.  The StaySafe 5-in-1 and the PanSafe pan fire extinguisher were launched in Screwfix in Spring 2022.

LifeSafe is continuing to develop new fluid derivations for the industrial market.

LifeSafe was admitted to trading on AIM in July 2022 with the ticker LIFS.L.  For additional information please visit https://www.lifesafeholdingsplc.com.

LinkedIn: https://www.linkedin.com/company/lifesafe-technologies

Twitter: https://twitter.com/LifesafeT

Chairman’s Statement

Overview

I am extremely pleased to report the excellent operational and strategic progress made by the Group in FY22.  In addition to the Group’s successful IPO and admission to AIM in July 2022, one of only a handful of successful AIM admissions in the year, significant progress has been made in commercialising LifeSafe’s core product after a number of years of innovation, development and refinement of the Group’s proprietary fire extinguishing fluid.

I think it is important to remind shareholders and prospective investors of the genesis of the business. LifeSafe was formed to explore a novel, and environmentally friendly approach to putting out multiple types of fire with an aim to revolutionise the fire industry, save lives and protect memories.  The result was the development of a patented super coolant fire extinguishing fluid that remains at the core of our business which is non-toxic, environmentally friendly and extremely effective at putting out multiple fire types.

Once we had developed, tested and secured approvals of our fluids, our commercial strategy was led by our research where consumers told us they found purchasing a fire extinguisher difficult and confusing, which is why currently only 17% of homes in England have a fire extinguisher.  This determined our market approach.  We therefore decided to launch with our unique StaySafe 5-in-1 fire extinguisher, a handheld plastic aerosol with a digital first, direct to consumer marketing approach leveraging the likes of the Amazon platform and harnessing the power of social media to drive awareness and sales.

Today in the UK, our StaySafe 5-in-1 is the number one best-selling fire extinguisher on Amazon UK.

Revenue for FY22, at over £4.0 million, materially exceeded the Board’s expectations set both at the beginning of 2022 and reset towards the end of the year.  This was a phenomenal achievement against a worsening domestic and international macro-economic landscape as the year progressed, and even more impressive considering that LifeSafe only commenced trading through Amazon Prime in the UK in August 2021 and through Amazon US, and our LifeSafe US website, in February 2022.

In addition to driving sales of our proprietary fire extinguishing fluid to consumers through digital channels, LifeSafe’s team recognises the huge potential of fluid innovation for industrial and wholesale applications.  In conjunction with industrial partners, we successfully developed and launched LifeSafe’s Lithium Thermal Runaway Fluid (‘TRF’) in December 2022, specifically designed to address the escalating issue of thermal runaway in lithium batteries by permanently extinguishing and preventing the re-ignition of lithium fires.

The Group is on track in executing its strategy to build a multi-channel, international business capable of delivering significant long-term value for our shareholders.

Results

For the year to 31 December 2022, the Group’s revenue increased significantly to £4.0 million (2021: £0.7 million) as the Group successfully began the commercialisation of its market-disrupting, eco-friendly fire extinguishing fluid.

Gross profit increased significantly to £2.3 million (2021: £0.3 million) and the gross margin improved to 57.0% (2021: 46.6%) ahead of the Board’s expectations.

The Group made an underlying loss before tax¹ of £1.4 million (2021: loss of £1.4 million).  After charging £1.6 million for non-underlying costs in relation to the IPO, share-based payment charges and convertible loan note interest (2021: £162,000 in relation to share-based payment charges and convertible loan note interest), the consolidated loss before tax for the year was £3.0 million (2021: loss of £1.5 million).  Underlying LBITDA² was £1.3 million (2021: underlying LBITDA of £1.3 million).

¹ Underlying loss before tax of £1.4 million is before non-underlying items of £1.6 million (further details of which are set out in the notes to this announcement) (2021: underlying loss before tax of £1.4 million before non-underlying items of £0.2 million).

² Underlying LBITDA of £1.3 million is loss before tax, before finance expense of £0.2 million, depreciation and amortisation of £0.1 million, and non-underlying items of £1.4 million (2021: underlying LBITDA of £1.3 million is loss before tax, before finance expense of £0.1 million, depreciation and amortisation of £0.1 million, and non-underlying items of £0.1 million).

LifeSafe’s underlying results, after separating out the significant costs of listing and non-core share-based payment charges, are very encouraging and illustrate a growth trajectory in line with that envisaged on IPO of the Group during the year.

Net cash at 31 December 2022 was £1.1 million (31 December 2021: net debt of £0.5 million).  All outstanding convertible loan notes converted to equity on IPO, leaving the Group with debt of only £26,000 at the year end in relation to a Coronavirus bounce back loan secured during the pandemic.

Board appointments

During the year a number of appointments were made to the Board to ensure it has a structure and composition appropriate for a growing publicly-quoted business in the fire technology sector.  The Board interactions and contributions during the year have proved to be extremely valuable and validate the appointments made and the appropriateness of the mix of skills of the Board.

People

The delivery of an IPO, continual innovation of products and the extraordinary sales growth during the year could not have been achieved without the exceptional commitment and resilience of our people and I would like to take this opportunity to thank them sincerely for their hard work and commitment.

Research and development

As I have previously reported, given the strong interest from major industry players in the potential applications of LifeSafe’s fluids, the Group accelerated its development programme over the year.  This resulted in the launch of LifeSafe’s Lithium TRF in December 2022, the first fully developed and tested fire extinguishing fluid aimed at the industrial sector to be released under the Group’s programme of innovation.  A variant of the Group’s core eco-friendly patented fluid, this new non-toxic and non-hazardous fluid has been designed and specified with industry leaders to permanently extinguish and prevent the re-ignition of lithium battery fires.  The Group has submitted UK and international patent applications to protect its innovation.

In order to support this significant opportunity in the industrial sector, the Group developed a new website (www.lifesafeindustrial.com) specifically focussed on the industrial applications for the new fluid.  This is distinct and separate from LifeSafe’s consumer website (www.lifesafetechnologies.co.uk), which is focussed on household consumer applications of the Group’s best-selling StaySafe 5-in-1 fire extinguisher.

The Group expects to release further new products from its development programme in the first half of 2023 and will make announcements as and when appropriate.

Technology and intellectual property

LifeSafe was granted a patent for its core FER1000 extinguishing fluid with effect from August 2022.  This fluid, for which the initial patent application was filed in 2017, is at the centre of the Group’s product range, and the base from which specific application variants can be developed.  The length of time between initial application and patent grant is an indication of the robust process undertaken to ensure the uniqueness of the Group’s innovation.

The Board recognises the importance of protecting its intellectual property and rigorously guards its innovation.  The Group employs an intellectual property attorney to protect its interests and has intellectual property defence and pursuit insurance to protect its investments.

Outlook

The Group’s significant outperformance against the Board’s initial revenue expectations for the year is a clear validation of the quality of LifeSafe’s product and strength of its management team and marketing strategy.

The opportunity for our product in the consumer market is significant and we continue to believe the mantra that every home should have one.  Our laser focus therefore in the current year is to continue to grow consumer market penetration across all territories using our tried and tested digital marketing strategies.

We have made a solid start to 2023, outperforming the Group’s budget with sales over four times those of the first two months of 2022 and gross margin ahead of last year by almost 4%.  The Group remains on course to reach profitability, on a monthly basis, in the last few months of 2023.

The launch of our Lithium TRF represents an important and exciting step for the Group by expanding our offering into wholesale and industrial markets.  These new market opportunities, combined with the excellent growth in sales of our consumer-focussed products, positions the Group extremely well to deliver value for our shareholders.  I am very excited by what lies ahead for LifeSafe.

Dominic Berger

Executive Chairman

18 April 202

Consolidated statement of comprehensive income

For the year ended 31 December 2022

All amounts relate to continuing activities.

Consolidated statement of financial position

As at 31 December 2022 

Consolidated statement of changes in equity

For the year ended 31 December 2022

Consolidated statement of cash flows

For the year ended 31 December 2022

Notes

1. General information

These consolidated financial statements were approved by the Board of Directors on 17 April 2023.

2. Basis of preparation

The auditors have issued an unqualified opinion on the full financial statements for the year ended 31 December 2022 which will be made available for shareholders and delivered to the Registrar of Companies in due course.  The financial information in this announcement for the years ended 31 December 2022 and 2021 does not constitute statutory financial statements within the meaning of Section 434 of the Companies Act 2006.  The information contained within this announcement for the year ended 31 December 2022 has been extracted from the audited financial statements which have been prepared in accordance with International Financial Reporting Standards (‘IFRS’) as endorsed by the United Kingdom (‘adopted IFRS’), and those parts of the Companies Act 2006 applicable to companies reporting under IFRS.  They have been prepared using the historical cost convention except where the measurement of balances at fair value is required.  The financial information for the year ended 31 December 2021 was not subject to audit and audited group financial statements were not prepared.  The information in this preliminary statement has been extracted from the audited financial statements for the year ended 31 December 2022 and, as such, does not contain all the information required to be disclosed in the financial statements prepared in accordance with IFRS.

3. Revenue from contract customers

No one customer made up more than 10% or more of revenue in the year ending 31 December 2022 (2021: 1). Management considers revenue derives from one business stream being the sale of fire extinguishing and related products.

4. Non-underlying items
   
   

IPO costs

On Admission to AIM on 6 July 2022, the Company issued 4,000,000 new ordinary shares and 2,716,550 ordinary shares to the providers of convertible loans, taking the number of ordinary shares in issue to 22,108,050.  The total gross proceeds amounted to £3,000,000.  The costs of issue amounted to £1,095,000 of which £727,000 was recognised as a non-underlying expense in the consolidated statement of comprehensive income and £368,000 was allocated to the share premium account in the consolidated statement of financial position.

Share-based payment charges

The total charge recognised for the year in relation to share-based payments amounted to £630,000 (2021: £114,000).

The Group operates equity-settled share-based remuneration schemes for employees.  The terms and conditions of the grants are detailed below:

¹ The number of share options granted, and the corresponding exercise price, are shown after the Company’s 49 for 1 bonus issue of shares on 9 May 2022.

Details of the number of share options granted, exercised, lapsed and outstanding at the end of each year, as well as the weighted average exercise prices in £ (‘WAEP’), are as follows:

5. Finance expense

6. Taxation

A tax credit of £173,000 (2021: £24,000) has been recognised in relation to research and development tax credits available from HMRC through the SME R&D relief scheme.

7. Loss per share

Loss per share is calculated as follows:

The calculation of the basic loss per share is based on the results attributable to ordinary shareholders divided by the weighted average number of shares in issue during the year.

The weighted average number of shares in issue is used as the denominator in the calculating basic loss per share.  As the Group is loss making the effect of instruments that convert into ordinary shares is considered anti-dilutive, hence there is no difference between the diluted and non-diluted loss per share.

During the year ended 31 December 2022, the Company completed a 49 for 1 bonus share issue. As a result, the weighted average number of shares in the comparative year has been adjusted accordingly.

8. Trade and other receivables

9. Cash and cash equivalents

10. Trade and other payables

11. Convertible loan notes

In the year ended 31 December 2021, the Group issued loan notes amounting to:

- £133,165 with an interest rate of 10% and converting at a 20% discount in the event of a qualifying fundraise.  The loan notes were unsecured and repayable on 1 August 2022 or could be converted at any time into shares at the holder’s option.  The presence of potential settlement at a discount to an unknown fundraise price meant that the fixed for fixed criterion was not met.  The loans were converted to equity on 4 March 2021 and 21 July 2021 for £19.25 per ordinary share of 1p, resulting in shares of 2,337 and 4,156 being issued respectively.

- £700,000 with an interest rate of 12%, with interest accruing to the value of the loan and converting to equity with the principal in the event of a conversion.  The loans were unsecured and repayable in two years or could be converted at any time into shares at the holder’s option.  In addition to interest, there was an arrangement fee and a monitoring fee of 13% and 3% of principal respectively that was added to the loan balance on drawdown.  The loan terms included an accelerated interest conversion feature that required a full year of interest to be converted into equity if the loan was converted part way through a year.  These loans were converted on 6 July 2022 at £34.16 per 1p ordinary share.

In the year to 31 December 2022, the Company issued loan notes amounting to £750,000 with an interest rate of 12%, with interest accruing to the value of the loan and converting to equity with the principal in the event of a conversion.  The loans were unsecured and repayable in two years or could be converted at any time into shares at the holder’s option.  In addition to interest, there was an arrangement fee and a monitoring fee of 13% and 3% of principal respectively that was added to the loan balance on drawdown.  The loan terms included an accelerated interest conversion feature that required a full year of interest to be converted into equity if the loans were converted part way through a year.  These loans were converted on 6 July 2022 at £34.16 per 1p ordinary share.

As the conversion feature resulted in the conversion of a fixed amount of stated principal into a fixed number of shares, it satisfied the ‘fixed for fixed’ criterion and, therefore, it is classified as an equity instrument.  The value of the liability component and the equity conversion component were determined at the date the instrument was issued.  The fair value of the liability component at inception was calculated using a market interest rate for an equivalent instrument without conversion option.  The discount rate applied was 15%.  The transaction costs have been apportioned between the equity and liability component with the portion attributable to equity recognised as a deduction in equity, and the liability component decreasing the amortised cost liability.

On Admission to AIM on 6 July 2022, all outstanding convertible loans converted to equity with the Company issuing 2,716,550 Ordinary Shares to the providers of all outstanding convertible loans.

12. Borrowings

A maturity analysis of the Group’s borrowings is shown below:

Banks loans comprise a Coronavirus Bounce Back Loan Scheme loan provided by HSBC.  The loan was taken out in May 2020 and matures five years after this date.  The loan incurs interest of 2.5%.

13. Share capital and share premium account

Called up share capital

Called up share capital represents the nominal value of shares that have been issued.  All classes of shares have full voting, dividends, and capital distribution rights.

On 14 January 2022, the Company issued 2,561 new ordinary shares for cash, increasing the number of shares in issue to 307,830.

On 9 May 2022, a bonus issue of shares was made for the shareholders of all 307,830 shares already in issue at the date.  The bonus issue offered 49 ordinary shares for every 1 ordinary share in issue, with a nominal value of £0.01 per share.  This increased the number of ordinary shares in issue by 15,083,670 to 15,391,500.

On 6 July 2022, the Company issued 4,000,000 new ordinary shares and 2,716,550 ordinary shares to the providers of convertible loans, increasing the number of ordinary shares in issue to 22,108,050.

14. Post balance sheet events

On 21 March 2023, the Group entered into a non-revolving, £250,000 invoice finance facility to more easily manage the working capital requirements of sales growth, should this be required.  The facility, which is utilisable over an initial term of six months, does not bear interest but attracts a fee of £18,750 payable equally over the initial term.  Each drawdown is repayable over the six months following drawdown, with the first instalment paid at the time of the first drawdown.  The facility is not currently being utilised.

15. Full financial statements

The auditors have issued an unqualified opinion on the full financial statements for the year ended 31 December 2022 which will be made available for shareholders and delivered to the Registrar of Companies in due course.  Further copies of these results, and the full financial statements when published, will be available on the LifeSafe Holdings plc investor relations website, www.lifesafeholdingsplc.com.

- Ends -

Summary

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Due to poor market conditions the shares in Lifesafe have traded down from £0.75p since their IPO last year but last week the companies analyst has valued the business at £1.01p per share

The report contains a great deal of very useful information on the Company and includes detailed financial projections - some highlights below

"Encouraging Jan’23 update: Bearing in mind strong momentum reported last month and in September (£2.6m sales in 2H22 as against £1.3m in 1H22), we are now raising our FY23E sales forecast by 18% to £6.5m, and reducing FY23E PBT losses by £100k to £0.4m. This follows on from the previous 30% upgrade to revenues for FY22E."

"Strong brand on Amazon, US shines in particular: Launched on Amazon Prime in the UK in Aug’21, LIFS’ product swiftly became a top seller. With the US launch in 1H22, FY22E has exhibited an accelerating US contribution, an encouraging development."

"Market opportunity: We see a significant opportunity based on the combination of sizeable demand in the UK/globally and the lack of a flexible lightweight alternative to LIFS’ product - borne out by the strong progress of the product since launch."

"Growing and diversifying: Supported by patents pending and granted, the company is developing the next generation of products, which include new environmentally friendly fluids, and a spread of products that will ensure continuing strong growth on top of the benefits of the geographical rollout of the existing product base."

Forecasts/valuation: LIFS has demonstrated strong momentum within its B2C proposition with its product clearly gaining significant global traction while also enjoying downturn protection as an inexpensive but key safety product. The global issue of increasing lithium–ion battery fires and the launch of the TRF fluid in 12/22 provides significant potential future B2B revenue streams. Our current 101p fair value assessment is reached through a combination of relative / cashflow considerations.

The full report can be found on the following link 

https://www.lifesafeholdingsplc.com/research

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire extinguishing fluids and fire safety products, will be presenting via the Investor Meet Company platform on Wednesday, 14 December 2022 at 5pm (GMT).

The presentation will give existing and prospective investors the opportunity to listen to management discuss the Group’s recent trading update issued on 6 December 2022 and its strategic move to target the significant industrial market through the launch of its Lithium Thermal Runaway Fluid as announced earlier today.

The presentation will be hosted by Dominic Berger (Executive Chairman) and Neil Smith (CEO), and there will be an opportunity for Q&A at the end of the meeting.  Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

To sign up to the LifeSafe Holdings presentation via Investor Meet Company please click the following link: https://www.investormeetcompany.com/lifesafe-holdings-plc/register-investor.

- Ends -

For further enquiries:

Notes to Editors

LifeSafe is a fire safety technology business that develops eco-friendly, novel and innovative fire extinguishing fluids with a range of life-saving fire safety products. LifeSafe has a highly experienced management team which is seeking to create new markets for the Group in fire safety through new technologies, digital marketing and multi-channel sales.

LifeSafe has developed what the Directors believe to be a market disrupting range of eco-friendly fire safety protection products to both protect (via fire extinguishers) and detect (via carbon monoxide, smoke and heat alarms) fires. At the centre of the Group’s product range is the FER1000 extinguishing fluid, for which the Group has been granted a patent in the UK. The FER1000 fluid has been developed by LifeSafe to extinguish five different types of fire: electrical, paper, textiles, cooking oil, and petrol and diesel.

The Group’s best-selling product using this extinguishing fluid is the StaySafe 5-in-1 fire extinguisher. It was launched on Amazon Prime in the UK in August 2021 and subsequently became Amazon Prime’s top-selling fire extinguisher in the UK in the same month. The StaySafe 5-in-1 and the PanSafe pan fire extinguisher were launched in Screwfix in Spring 2022 with the StaySafe range of smoke, heat and carbon monoxide detectors.

LifeSafe is developing new fluid derivations for the industrial market and in December 2022, the Company launched its Lithium Thermal Runaway Fluid to combat thermal runaway in lithium battery fires by permanently extinguishing and preventing the re-ignition of lithium fires.

LifeSafe was admitted to trading on AIM in July 2022 with the ticker LIFS.L. For additional information please visit https://www.lifesafeholdingsplc.com.

LinkedIn: https://www.linkedin.com/company/lifesafe-technologies

Twitter: https://twitter.com/LifesafeT

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire extinguishing fluids and fire safety products, is pleased to announce the submission of UK and international patent applications for its new fire extinguishing fluid, specifically designed to tackle Lithium Thermal Runaway fires, and the launch of LifeSafe’s Industrial website.

New LifeSafe Lithium Thermal Runaway Fluid (“TRF”)

The Board is delighted to announce UK and international patent applications have been submitted for the Company’s new fluid, the LifeSafe Lithium Thermal Runaway Fluid.  This is a variant of the Company’s core eco-friendly patented fluid, and represents a new and incremental revenue opportunity for the Group.

Lithium battery fires exhibit unique characteristics and therefore, in the Board’s opinion, require a unique solution, particularly given the increasing numbers of devices and industries around the world utilising the power and efficiency of lithium batteries. When a lithium cell begins to overheat it can become unstable due to the extreme heat generated within the cell.  As this heat cannot dissipate it builds up within the cell, eventually being released with force, which can cause an explosion followed by fire.  The Company’s new Lithium TRF is designed to permanently extinguish and prevent the re-ignition of lithium fires and has been engineered to remove the heat from the lithium fire, therefore making the battery safer post trauma.

As with all the Company’s existing extinguishing fluids, LifeSafe’s new Lithium TRF is an eco-friendly solution and does not leave a toxic residue.  It is both non-toxic and non-hazardous.

New LifeSafe Industrial website

In conjunction with the launch of LifeSafe’s Lithium TRF, the Company has developed a new website to focus on the applications and uses of its new and future fluid developments for customers in the Industrial sector, as the Board believes this presents a significant opportunity for the Group.  The new website, which can be accessed at http://www.lifesafeindustrial.com, is complementary to LifeSafe’s existing consumer website which hosts content relevant to its fast-growing global consumer market.

Dominic Berger, Chairman of LifeSafe, said: “The launch of our Lithium TRF fluid is a very significant moment for LifeSafe. We are living in an increasingly electrified world, particularly in the automotive sector, which, while essential for tackling climate change, does bring risks that need to be addressed and haven’t been properly done so to date.

“Our Lithium TRF fluid is an important step forward in tackling the risk posed by lithium fires and protecting people across the globe.  This new fluid opens up a significant new market for the Group and as such we have launched a new website that focuses on the Industrial sector to leverage this opportunity.

“I am very excited by what lies ahead for LifeSafe.  These new market opportunities, combined with the very strong trading we announced recently with our consumer-focused products puts us in a great position to deliver value for our shareholders.’’

- Ends -

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (“MAR”).  Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

The person responsible for arranging the release of this announcement on behalf of the Company is Mike Stilwell, Chief Financial Officer of the Company.

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire extinguishing fluid and fire safety products, provides the following trading update for the eleven month period ended 30 November 2022. 

The Board is delighted to report that sales growth through the Group’s consumer channels has materially exceeded its expectations in the eleven months to 30 November 2022.  Revenue in that period is now above current market guidance of £3.0 million for the full year ending 31 December 2022 (“FY22”). 

The Board has therefore upwardly revised its expectation of FY22 revenue to between £3.5 million and £3.8 million. This increase in revenues has been, and continues to be, generated through the Group’s innovative product range, and effective marketing strategy across LifeSafe’s consumer sales channels, with particularly strong growth in the US. 

In order to meet the growing demand, and to ensure that stock is available in the first months of 2023, short term logistics costs are expected to be higher than budgeted in the remainder of 2022.  Taking into account also the increased marketing costs to generate the higher sales, the Board currently anticipates that EBITDA for the full year will be in line with current market expectations.  
LifeSafe will provide a further trading update in late January 2023 once the impact of trading in the busy Christmas period is known. 

Commenting on the Trading Update, Dominic Berger, Chairman of LifeSafe, said: “It is extremely pleasing to see that the execution of the Board’s strategy is having such a positive impact on the Group’s performance.

 “Our initial investment has delivered these strong sales which is not only extremely positive for FY22 but also highly exciting for FY23 and beyond.  As we continue to grow the business by expanding our innovative fire extinguishing offering into the wholesale and industrial markets, we believe that shareholder value will be further enhanced.” 

- Ends -
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (“MAR”).  Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. 
The person responsible for arranging the release of this announcement on behalf of the Company is Mike Stilwell, Chief Financial Officer of the Company. 

To make our communication easier and clearer, we are thrilled to inform you that our @vccrowdfrancophone instagram account will be deleted and all of our future communication will be available, in both French and English, only on the Instagram account:

@vccrowdofficial, the same as the old account @_vccrowd!

Visum Technologies Plc (AQSE: VIS), the video technology company focused on the global leisure market, is pleased to announce that the Company’s CEO, Marc Dixon, and VP of sales & marketing, Beth Newman, will be unveiling Visum’s 2023 product suite at IAAPA Expo 22 in Orlando, November 15-18, 2022 as part of the Company’s ongoing development of the North American market.

This will see two new ground-breaking products being revealed that will complement Visum’s existing rugged, high-definition, VTR video capture camera – which is able to withstand permanent vibrations – and its digital distribution platform, VTX, that creates and distributes real-time branded video content that is fully integratable into all the main social media platforms.

To book a preview at the Expo, please visit https://calendly.com/visum_technologies/iaapa-expo-2022?month=2022-11&date=2022-11-15

Visum Technologies plc (AQSE: VIS), the video technology company focused on the global leisure market, is pleased to announce that it has entered into a Collaboration Agreement with Canada's Kool Replay. Established in 2016, Kool Replay has delivered over 70 projects to zipline & bungee rope operators, water parks, family centers, and amusement parks in Canada and the US.

 Marc Dixon, CEO of Visum, commented:

"We see this as a win-win relationship for both companies allowing each business to offer a broader, non-competing, suite of products covering a wider range of installations to our respective client bases."

Visum owns market leading video capture and digital distribution technology and already has flagship clients in place in North America and Europe.

 Francois Tremblay, co-founder and CEO of Kool Replay, added:

"We are excited to work with Visa. The synergies leveraged by our companies' respective unique technologies, expertise and experience will set a new benchmark of excellence in automated video for the entertainment industry and create huge value for ride operators and the end-users. "

Visum is pleased to announce the appointment of Shahyan Khan to Finance Director.  Marc Dixon, CEO, and Beth Newnam, VP of Sales & Marketing will be attending the IAAPA (International Association of Amusement Parks & Attractions) Tradeshow next month in Orlando, FL. They will be meeting parks and ride manufacturers. Visum will be installing their first US location early next month at 360 Chicago Observation Deck, in partnership with DEI, a leader in the souvenir imaging market.

LifeSafe (AIM:LIFS), a fire safety technology business with innovative fire extinguishing fluid and fire safety products, reports its maiden unaudited Interim Results for the six months ended 30 June 2022 ('H1 2022' or 'the Period').

Highlights:

¹ Underlying loss from operations represents loss before tax, finance expense and non-underlying items (which comprise IPO listing costs and share-based payment charges).

Commenting on the Interim Results, Dominic Berger, Executive Chairman of LifeSafe, said: "We are pleased to report today our maiden set of Interim Results since our Admission to AIM in July 2022.  The Group has delivered strong operational and strategic progress in H1 2022, which reflects the successful commercialisation of our StaySafe 5-in-1 product since its launch in August 2021.  In H1 2022, we have almost doubled the revenues that we generated in all of 2021 and this strong momentum has continued into H2 2022 with revenues continuing to grow ahead of the Board's expectations.

"With the funds raised at IPO now underpinning our expansion, we look forward to 2023 where we are confident of further consolidating our leading direct to consumer strategy, of growing sales in the UK, North America and Europe and of accessing new markets.  In addition, our continued development and optimisation of our eco-friendly fire extinguishing fluids is beginning to resonate in the wider B2B fire safety market, where we are very excited about the potential game-changing opportunities in the industrial supply of LifeSafe's fluids.

"Not least of course, is the opportunity the Group has in working with industry leaders and innovators to address the very real and present threat of dealing with lithium-ion battery fires, a market we believe to have significant potential.

"As such, the Group is well placed to drive further growth and are confident of delivering shareholder value."

Notes to Editors

LifeSafe is a fire safety technology business that develops eco-friendly, novel and innovative fire extinguishing fluids with a range of life-saving fire safety products.  LifeSafe has a highly experienced management team which is seeking to create new markets for the Group in fire safety through new technologies, digital marketing, multi-channel sales and the LifeSafe App.

LifeSafe has developed what the Directors believe to be a market disrupting range of eco-friendly fire safety protection products to both protect (via fire extinguishers) and detect (via carbon monoxide, smoke and heat alarms) fires.  At the centre of the Group's product range is the FER1000 extinguishing fluid, for which the Group has been granted a patent in the UK.  The FER1000 fluid has been developed by LifeSafe to extinguish five different types of fire: electrical, paper, textiles, cooking oil, and petrol and diesel.

The Group's best-selling product using this extinguishing fluid is the StaySafe 5-in-1 fire extinguisher.  It was launched on Amazon Prime in the UK in August 2021 and subsequently became Amazon Prime's top-selling fire extinguisher in the UK in the same month.  The StaySafe 5-in-1 and the PanSafe pan fire extinguisher were launched in Screwfix in Spring 2022 with the StaySafe range of smoke, heat and carbon monoxide detectors.

LifeSafe is developing new fluid derivations and products for launch in 2023.

LifeSafe was admitted to trading on AIM in July 2022 with the ticker LIFS.L.  For additional information please visit https://www.lifesafeholdingsplc.com.

LinkedIn: https://www.linkedin.com/company/lifesafe-technologies

Twitter: https://twitter.com/LifesafeT

Chairman's Statement

Business Review

I am very pleased to report on the strong operational and strategic progress made by the Group in H1 2022. This achievement is particularly significant given the huge time and effort demanded of the management team and its advisors in preparing the Group for the IPO and Admission to AIM on 6 July 2022.  It is testament to the hard work of the team, and the significant potential of the business model and proposition, that LifeSafe was one of only a handful of successful AIM listings this year. This was a superb achievement given the worsening domestic and international macro-economic landscape as the year progressed.

Notwithstanding the inevitable time commitments imposed by the IPO process and the deteriorating global economic scenario, LifeSafe made excellent progress in achieving its operational and strategic goals in H1 2022.  The latter was achieved by creating and meeting increased demand for the Group's consumer products via its proven digital international multi-channel sales strategy.  Following the successful UK launch on Amazon in August 2021 of the Group's best-selling StaySafe 5-in-1 fire extinguisher, followed by selected European countries in October 2021, the Group launched on Amazon in the US in February 2022 and, through its LifeSafe website, began to sell products into Canada in April 2022.

In addition to this, the StaySafe 5-in-1 and the PanSafe pan fire extinguisher were introduced into 740 Screwfix trade stores nationwide in Spring 2022 with the StaySafe range of smoke, heat and carbon monoxide detectors also now available on www.screwfix.com.  LifeSafe also successfully trialled the StaySafe 5-in-1 on the TJC shopping channel in the UK after the period end in August 2022 demonstrating the potential that this sales channel could bring to the Group's consumer strategy.  Further European TV shopping channel activity is planned this year.

The speed of progress has meant that the Group's revenues are slightly ahead of, and margins in line with, the Board's expectations.

Although LifeSafe has adopted a consumer and digital first approach to driving growth in the business, the Group remains very mindful of the game-changing potential its eco-friendly and novel fluids have in the wider fire-related market.  Consequently, it is particularly pleasing to see increasing enquiries from major players with interests in the fire safety sector intent on understanding more about the potential applications of the Group's current fluid as well as those in development.  Although LifeSafe believes every home should have a StaySafe 5-in-1, in itself a huge addressable market, it is already clear from initial enquiries that the Group's current and planned fluids have even bigger potential across a wide range of industries and their markets.

Results

LifeSafe's revenue for H1 2022 increased significantly to £1.3 million, compared with £41,000 in the same period last year as the business successfully began the commercialisation of a number of years' investment in developing its innovative, market disrupting eco-friendly fire extinguishing fluid.

Gross profit for H1 2022 increased to £709,000 (H1 2021: gross loss of £61,000) at a gross margin of 56% in line with the Board's expectations.

The Group recorded an underlying loss from operations² of £729,000 (H1 2021: £661,000) before non-underlying items totalling £895,000 comprising IPO costs and share-based payment charges.

Finance expenses of £573,000 were recorded in the Period (H1 2021: £18,000), of which £569,000 related to interest on convertible loans which subsequently converted to equity on Admission to AIM after the Period end.

The underlying loss before tax was £1,302,000 (H1 2021: £665,000).  The basic and diluted earnings per share were (£0.14) (H1 2021: (£0.04)).

Cash and cash equivalents as at 30 June 2022 were £22,000 (H1 2021: £40,000).  Included within Trade and other receivables in the statement of financial position as at 30 June 2022 is £3.0 million of committed subscriptions to the Company's placing of shares and Admission to AIM on 6 July 2022.  The committed subscriptions were in the form of placing letters held by the Company's Broker and Nominated Adviser with funds received by the Company on Admission to AIM.

Trade and other payables as at 30 June 2022 were £1,583,000 (H1 2021: £279,000).  Included within this balance were IPO costs of £984,000 which were paid after the Period end.

On Admission to AIM, the Company issued 4,000,000 new Ordinary Shares and 2,716,550 Ordinary Shares to the providers of convertible loans, taking the number of Ordinary Shares in issue to 22,108,050.  The total gross proceeds amounted to £3.0 million.  The costs of issue, which were committed as at 30 June 2022, amounted to £1,092,000 of which £725,000 was recognised as a non-underlying expense in the consolidated income statement in H1 2022 and £367,000 was recognised as a deduction from committed share issue proceeds of £3.0 million in equity in the consolidated statement of financial position as at 30 June 2022.

² Underlying loss from operations represents loss before tax, finance expense and non-underlying items (which comprise IPO costs and share-based payment charges).

Research and development

As set out in its Admission Document published on 1 July 2022, the Group has a strong pipeline of innovative new products and fluid derivatives which are expected to be launched in H1 2023.  Given the strong interest from major industry players in the potential applications of the fluids within LifeSafe's development pipeline, the Group has taken steps to accelerate the programme of innovation.  Accordingly, capitalised expenditure on technology development during the six-month period increased to £184,000 (H1 2021: £10,000).

Technology and intellectual property

The FER1000 extinguishing fluid is at the centre of the Group's product range and has been developed by LifeSafe to extinguish five different types of fire: electrical, paper, textiles, cooking oil, and petrol and diesel.

Following a successful testing programme, an initial patent application for this fluid was submitted in April 2017, with the patent being granted with effect from 17 August 2022.  The additional protection afforded by the patent grant lasts for 20 years from the date of the initial patent application in 2017.

The Group recognises the importance of appropriately protecting its innovative intellectual property and has taken out intellectual property defence and pursuit insurance to protect its investment.

New lithium-ion battery fire extinguishing fluid

Subsequent to the Period end, LifeSafe has also filed three further patent applications for derivations and new uses of the Group's core fluid, including fluid developed to extinguish lithium-ion battery fires, to further enhance and protect its novel fire extinguishing fluid capabilities.

The effectiveness of the new lithium-ion battery fire extinguishing fluid has been demonstrated through a series of live fire tests to a number of industry leaders to help and support the commercialisation of the fluid into the industrial market sector.

Outlook

Following the IPO, LifeSafe's revenues continue to grow ahead of the Board's expectations, with margins and costs continuing in line.  LifeSafe is looking forward to 2023 where the Board is confident of further consolidating the Group's leading direct to consumer strategy, to grow sales in the UK, North America and Europe and to accessing new markets.

The continued development and optimisation of the Group's eco-friendly fire extinguishing fluids is beginning to resonate in the wider business-to-business fire safety market, where the Board is very excited about the potential game-changing opportunities in the industrial supply of LifeSafe's fluids.

Not least of course, is the opportunity the Group has in working with industry leaders and innovators to address the very real and present threat of dealing with lithium-ion battery fires, a market we believe to have significant potential.  As such, the Group is well placed to drive further growth and is confident of delivering shareholder value.

Dominic Berger

Executive Chairman

27 September 2022

For access to the Unaudited consolidated statements of financial position click here

Further copies of this interim announcement are available on the LifeSafe Holdings plc investor relations website, www.lifesafeholdingsplc.com.

Rockster Life Enhancing Foods are are delighted to share the news that they have been nominated for Best Wet Food 2023 in the Your Dog Magazine awards.  It would mean the world to them if you could take the time to vote for them at Your Dog Product Awards 2023.

 Thank you so much!

Gibraltar Wednesday 22^nd June 2022, as part of the IPO Lifesafe Holdings Plc adjusted its stock through a bonus issue whereby for if you owned one share you received a further 49 free shares. In other words, a 50 for 1 bonus. Within Premium Nominees we have already carried out a 100 for 1 split. To align members with the IPO we have decided to mirror members holdings with the Company to avoid any confusion. Therefore, this week your shares in Premium will be halved but any odd shares will be rounded up – our Gift to you …….

We have also zeroed the value for the time being until we know what the market will set the share price to be at IPO. This is normal practice for IPOs and the price will be set by the market. Currently as I am sure you will all appreciate the markets are heavily affected by the war in Ukraine and inflation. Nonetheless we are optimistic for a positive outcome. Furthermore we must all be mindful that Lifesafe is still at an early stage of its development and there is still much greater growth to come.

If there are any questions, please contact support.

The Headlines are:

• Sales of the Lifesafe 5 in 1 continue to grow on Amazon with a return on advertising spend of 6 times every £1 spent.
• This trend will see Lifesafe surpass its September record numbers in October.

Wednesday 22 September, Gibraltar, today we were informed that Lifesafe achieved another successive week of record sales online through Lifesafe website and Amazon and Amazon Prime.

The Headlines are:

• Record weekly sales of £26,900
• Sales +£20k/ week on Amazon UK
• Amazon Return On Advertising Spend for every £1.00 we invested in marketing we got £9.35 back

Marine Bourbon, Head Of Marketing, Skinny Drinks Group joins Proactive to talk about her experience in the retail, corporate sector and how she'll be using skills obtained as Head of Brand at Tesco and Muller in her new role. 

Bourbon explains how the firm has teamed up with the Emoji brand to launch a kids’ drink called Emoji DRNK

https://youtu.be/iob9uX78FQc

TECS Group, the specialist provider of critical asset maintenance and building compliance services, is pleased to announce two material new contract wins with Coventry University and Greater Manchester Police. Together they represent significant progress in sectors that are strategically important and where TECS has traditionally been strong and continues to build more business.

Both contracts were secured as part of a competitive tender process which represents a compelling validation of the systems and processes we have implemented over the last 12 months to enable success in these markets.

Coventry University

Sector: Higher Education

Division: Water Treatment

Coventry University is a forward-looking, modern university with a tradition as a provider of high-quality education and a focus on applied research.

TECS Group has been awarded a new two year contract (with two optional 12 month extensions) to supply a PPM and Reactive Service covering water treatment and water hygiene for buildings owned by Coventry University. The services under the contract will cover planned servicing/ inspections, day works and reactive maintenance in-line with HSG274.

The contract was tendered as two separate lots comprising the Main Campus and Technology Park (Lot 1) and the Student Accommodation Buildings (Lot 2). TECS Group were successful in securing both lots and the contract is currently being mobilised by the delivery team for an immediate start. The contract will be delivered from our Lichfield office.

Greater Manchester Police (‘GMP’)

Sector: Public Sector Policing

Division: Water Hygiene

Greater Manchester Police is the territorial police force responsible for law enforcement within the metropolitan county of Greater Manchester in North West England. GMP's policing area covers an area of nearly 500 square miles, including open moorland and semi-rural areas, as well as towns and cities.

Following a two-stage competitive tender process, TECS Group has been awarded a new three year contract (with two optional 12 month extensions) to carry out full inspections and treatment control of all water systems across GMP's Estate.

In the award letter, GMP’s procurement manager noted very strong competition and the reasons for TECS being awarded the contract were as follows:

• Competitive prices without compromising on the quality of the services provided;

• An understanding of the needs of GMP and a proposal that meets those needs; and

• A strong organisational reputation and proven record in delivery of similar services.

The contract is currently being mobilised by the delivery team and it is expected to go-live in mid-late September 2021. The contract will be delivered from our Bury office.