LifeSafe, a fire safety technology business with innovative fire extinguishing fluids and fire safety products, announces the signing of a distribution agreement for the supply of its Thermal Runaway Fluid to Lingjack Fire and Life Saving PTY, a substantial Asian fire safety business located in Singapore.
distribution agreement
The distribution agreement represents a major growth opportunity for the Company, providing a new and incremental revenue opportunity, as well as expansion into a significant territory.
The initial stages of the exclusive agreement will see LifeSafe’s Thermal Runaway Fluid solution added to Lingjack’s range of fire extinguishers and fixed suppression systems across Singapore, China, Malaysia, Thailand, and Indonesia. The Board expects there to be opportunities to broaden the agreement with Lingjack to include further LifeSafe products.
Thermal Runaway Fluid solution
The lithium Thermal Runaway Fluid is designed to permanently extinguish and prevent the re-ignition
Lithium battery fires exhibit unique characteristics and therefore require innovative solutions, particularly given the increasing number of devices and industries around the world utilizing the power and efficiency of lithium batteries.
The market opportunity in Southeast Asia for LifeSafe’s innovative Thermal Runaway Fluid solution is both significant and growing.
The lithium Thermal Runaway Fluid 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.
Asian distribution
Dominic Berger, Chairman of LifeSafe, commented, “We are pleased to announce this new distribution partnership with such a prestigious and trusted fire safety business as Lingjack."
He adds, "The signing of the partnership extends the Company’s reach into the markets of Singapore, China, Malaysia, Thailand, and Indonesia and we look forward to working together for many years to come.”
extinguisher and fixed suppression systems
Kenneth Lim, Chief Executive Officer of Lingjack Fire and Life Saving PTY, commented, “We are delighted to have signed this distribution agreement with LifeSafe."
He adds, "Obtaining access to innovative and effective fluids and technical support from the LifeSafe team has provided us with the opportunity to launch into the new and growing lithium battery fire extinguisher market. Having placed our first purchase order for the Thermal Runway Fluid, we are excited to grow our volumes into the extinguisher and fixed suppression systems market in multiple regions across Southeast Asia.”