Light Science Technologies Expands Market Reach with New Distribution Agreement

An announcement from Light Science Technologies Holdings plc ( (GB:LST) ) is now available.

Light Science Technologies Holdings plc has signed a distribution agreement with Gavita International B.V., allowing them to distribute Agrolux’s LED lighting solutions in the UK and Irish markets under the ‘Agrolux presented by Light Science’ brand. This partnership enhances the company’s product offerings and expands its market reach, potentially increasing its CEA pipeline to £42.5m. The collaboration leverages Agrolux’s expertise in horticulture lighting and provides opportunities for global expansion, presenting significant benefits for Light Science Technologies and its stakeholders.

More about Light Science Technologies Holdings plc

Light Science Technologies Holdings plc operates in the controlled environment agriculture (CEA), contract electronics manufacturing (CEM), and passive fire protection (PFP) sectors. The company designs, manufactures, and installs products and customized solutions across various industries, including commercial horticulture, pest control, lighting, audio, gas detection, and fire protection. It aims to address global challenges related to food security, climate change, and fire protection with robust solutions in these rapidly growing market sectors.

YTD Price Performance: -8.93%

Average Trading Volume: 518,691

Technical Sentiment Consensus Rating: Buy

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