RNS REACH
26th January 2023
FireAngel Safety Technology Group plc
('FireAngel', the 'Company' or the 'Group')
Collaboration with Yale, Part of ASSA ABLOY
FireAngel (AIM: FA.), one of Europe's leading developers and suppliers of home safety products, announces that it has signed a three-year purchase agreement with Yale, the leading provider of smart home security solutions, part of ASSA ABLOY, to supply FireAngel branded smoke alarms within Yale's Alarm Range.
This latest partnership marks yet another step forward in FireAngel's strategy to expand its innovative, Internet of Things ("IoT") domestic security solution. Furthermore, it capitalises on the Group's significant understanding and investment in connected technology and broadens its routes to market with the further potential to expand its IoT product portfolio under the agreement.
The FireAngel branded smoke alarms, which will utilise FireAngel's innovative Thermoptek® multi-sensor technology, are due to be launched in 2023 in certain countries within Europe, the Middle East and Africa.
John Conoley, Executive Chairman of FireAngel, commented: "This latest partnership with a highly experienced global partner further underpins our commitment to expanding our capability in IoT and connected technology and will support our strategy to build shareholder value by leveraging our differentiation in current and new customer markets.
"This agreement not only aligns FireAngel with a recognised household name in the adjacent domestic security market, but additionally demonstrates the future potential for collaborating through connected solutions."
ENDS
For further information, please contact:
| FireAngel Safety Technology Group plc | 024 7771 7700 |
| John Conoley, Executive Chairman | |
| Zoe Fox, Chief Finance Officer | |
| Shore Capital (Nominated adviser and joint broker) | 020 7408 4050 |
| Tom Griffiths/David Coaten/Tom Knibbs | |
| Singer Capital Markets (Joint broker) | 0207 496 3000 |
| Rick Thompson/Alex Bond | |
| Houston (Financial PR) | 0204 529 0549 |
| Kate Hoare/Ben Robinson |
|
Notes to Editors
About FireAngel Safety Technology Group plc
FireAngel's mission is to protect and save lives by making innovative, home safety products which are simple and accessible. FireAngel is one of the market leaders in the European home safety products market.
FireAngel's principal products are connected smoke alarms, CO alarms, heat alarms and accessories. The Company has an extensive portfolio of patented intellectual property in Europe, the US and other selected territories. Products are sold under FireAngel's leading brands of FireAngel, FireAngel Pro, FireAngel Specification and AngelEye.
For further product information, please visit: www.fireangeltech.com
About Yale
At 182 years strong, Yale is a leading security brand that protects the people, places and things we love most. We secure millions of homes and businesses worldwide with our innovative mechanical locks, alarms, safes and smart locks for front doors, interior doors, cabinets, package deliveries and more. Yale is part of the ASSA ABLOY Group, the global leader in access solutions. For more information, visit www.yalehome.com
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