Light Science Technologies Highlights Cost-Effective Cladding Solution Amid UK Remediation Delays

Light Science Technologies Holdings plc ( (GB:LST) ) has issued an update.

Light Science Technologies Holdings plc has highlighted the UK Committee of Public Accounts’ report on the remediation of dangerous cladding, emphasizing its Injectaclad solution as a cost-effective and less disruptive alternative for rectifying non-compliant buildings. The report indicates significant delays and increased costs in cladding remediation efforts, with the scope expanding from 450 to 9,000-12,000 buildings, costing between £12.6 billion and £22.4 billion. Injectaclad, installed within building cavities, offers a solution that reduces disruption and project length, with a strong pipeline of projects valued at £16.5 million. This positions LSTH as a key player in addressing fire safety regulations, potentially impacting the UK market valued at up to £50 billion.

More about Light Science Technologies Holdings plc

Light Science Technologies Holdings plc is a multifaceted company operating in the AgTech, contract electronics manufacturing, and passive fire protection sectors. The company designs, manufactures, and installs products and solutions across various industries, including commercial horticulture, pest control, lighting, audio, gas detection, and fire protection. It focuses on addressing global challenges related to food security, climate change, and fire protection, with a commitment to developing robust solutions in these rapidly growing market sectors.

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Technical Sentiment Signal: Sell

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