Light Science Technologies Holdings plc

("LSTH", "Light Science", the "Company" or the "Group")

AgTech Contract Win

Light Science Technologies Holdings plc (AIM: LST), the innovative technology and manufacturing business providing real-world solutions targeting issues including global food security and fire safety,  announces that it has been awarded a contract worth approximately £460,000, together with an additional three-year maintenance package valued at £10,800 per annum, for the design, supply, installation, and commissioning of a state-of-the-art modular vertical farming system at the new Nottingham Trent University ("NTU") Smart Agricultural Research Centre. On-site implementation is scheduled for February/March 2026.

The new system will provide NTU with a world-class research platform to support a diverse range of academic and commercial projects in controlled environment agriculture ("CEA"), with an emphasis on flexibility, modularity, and precision environmental control.

The project will be led by LSTH's AgTech division and will demonstrate the seamless integration of its nurturGROW™ lighting systems, sensorGROW™ sensors, and Tomtech control technologies, a major step forward in showcasing the Group's fully connected AgTech ecosystem.

Manufacture of the core components will be undertaken by UK Circuits and Electronics Solutions Limited, the Group's Contract Electronics Manufacturing ("CEM") division. This collaboration exemplifies how the Group's divisions are working together to deliver innovative, scalable solutions while accelerating the internal development and interoperability of LSTH's next-generation AgTech products.

This contract award continues the conversion of the Group's £45 million AgTech pipeline and highlights the combined strength and collaboration across the Group's divisions, reinforcing LSTH's position as a leading innovator in sustainable agricultural technology.

Simon Deacon, CEO of Light Science, commented: "We are delighted with this latest contract award, which was part of a competitive tender. We have developed a strong ecosystem within the Group, and the nature and size of this contract highlight the benefits of being able to deliver scale through our complementary divisions.

"We are constantly looking at opportunities to cross-sell and deliver ongoing services to existing and new clients, and the fact that this contract utilises different parts of the Group is testament to the structure we have in place. The increasing levels of pipeline conversion and revenue visibility underpin the Board's confidence in further driving shareholder value."

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Notes to Editors:

About Light Science Technologies Holdings plc (www.lightsciencetechnologiesholdings.com)

Light Science Technologies Holdings plc operates through three divisions: Passive fire protection ("PFP"); AgTech ("AGT") and contract electronics manufacturing ("CEM"). The company is involved in the design, manufacturing, and installation of products and customized solutions spanning various industry sectors, including commercial horticulture, pest control, lighting, audio, gas detection, and fire protection. With a focus on addressing global challenges related to food security, climate change, and fire protection, the Group is committed to developing robust solutions in these rapidly growing market sectors.

LSTH is the holding company for LSTH IFB Limited ("LSTH IFB") in the PFP division; Light Science Technologies Ltd ("Light Science Technologies") and Tomtech (UK) Limited ("Tomtech") in the AGT division and UK Circuits and Electronics Solutions Limited ("UK Circuits") in the CEM division.

Passive Fire Protection (https://injectafirebarrier.com/)

LSTH IFB offers a practical and cost-effective solution to rectify non-compliant public and private buildings, spanning residential, commercial, and industrial sectors, with regard to fire safety regulations - a challenge addressed by a £6.1 billion allocation from the UK government. Serving as the UK's premier independent approved installer, LSTH IFB utilises the ground-breaking Injectaclad fire-resistant graphite barrier system. This system is retroactively installed within building cavities, reinstating fire-resistant performance and containing the spread of fire and smoke compliant with regulatory requirements. This innovative solution stands out as an appealing alternative to the more costly and disruptive method of removing external facades and installing traditional fire barriers. With a proven track record in the passive fire protection market and a robust sales pipeline, LSTH IFB targets a UK market potentially valued at up to £50 billion*.

AgTech

The Group's tailored solutions encompass control systems, grow lights, sensor technology, venting, and irrigation systems, catering to both UK and global customers. Key markets include indoor, vertical, glasshouses, polytunnels, and more recently wider applications in broadacre farming. Driving factors comprise global food and water shortages, a growing population, government policies promoting sustainable growth methods, heightened scrutiny of food production's impact on climate change, and a shift away from processed foods. Key markets span the Americas, Australasia, and select locations in the Middle East.

The sensorGROW™ technology enables real-time monitoring of essential air zone growing factors such as carbon dioxide, air humidity, air pressure, air temperature and light, in addition to essential root zone cardinals such as soil temperature, soil moisture, and soil electroconductivity. Further developments to monitor greenhouse gases, initially Nitrous Oxide (N20) are in progress. This empowers farmers to enhance resource management, saving costs on water, nutrients, fertilizers, and energy, while simultaneously increasing yields and cultivating healthier crops. Learn more here: https://lightsciencetech.com/sensorgrow/ . The nurturGROW™ sustainable grow lighting product range, applicable to greenhouses, vertical farming, polytunnels, and licensed medicinal plants, addresses a robust market with an anticipated global worth of £9.1 billion** by 2030. Explore solutions here https://lightsciencetech.com/solutions/greenhouse/

Through Tomtech, the Group stands out as a UK leader in control systems for commercial greenhouses and polytunnels. Tomtech enables growers to optimise and automate cultivation environments, leading to superior crop growth. The product range includes control systems, software, irrigation, lighting, sensors, and venting, applicable across various crops, ultimately improving yields and profitability. Discover more here https://www.tomtech.co.uk/

Contract Electronics Manufacturing (https://www.ukcircuits.co.uk/) 

UK Circuits serves as the Group's profitable and well-established CEM-focused division. It excels in designing, procuring, and manufacturing high-quality electronic products, with a specialisation in printed circuit boards. These products find application across diverse sectors such as audio, automotive, electronics, gas detection, lighting, pest control, telecommunications and AgTech.

* Estimators price cladding replacement at 10 times government budget (theconstructionindex.co.uk) 2021

**Report: Allied Market Research LED Grow Lights Market Analysis 2030; (https://www.alliedmarketresearch.com/led-grow-lights-market-A12416): USD $12.3 billion by 2030 converted at GBP £1 = USD $1.35.  

About the NTU Smart Agricultural Research Centre:

The vertical farming facilities at NTU serve as a hub for teaching, research, and innovation, focusing on:

·    Sustainable food production: Exploring ways to reduce water, energy, and land use while increasing crop yields.

·    Urban agriculture solutions: Developing strategies to grow food locally in urban spaces, reducing transportation emissions.

·    Plant science research: Investigating the impact of light, nutrients, and environmental factors on plant growth and health.

NTU's vertical farming research contributes directly to sustainable development goals, including zero hunger and climate action. With the farm using 95% less water than traditional farming methods, it makes it highly resource efficient.

https://www.ntu.ac.uk/study-and-courses/courses/our-facilities/smart-vertical-farming