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Light Science Technologies float on AIM

October 2021

 

The Company was incorporated in England and Wales on 13 January 2020 and is the holding company of the Group’s contract electronics manufacturing (“CEM”) division, UK Circuits and Electronics Solutions Limited (“UK Circuits”), and its controlled environment agriculture (“CEA”) division, Light Science Technologies Ltd (“Light Science Technologies”).

UK Circuits was founded in 1997 and is a contract electronics manufacturer with strong revenue and cash generation. The Group’s manufacturing facilities in Manchester, England enable the Group to design, manufacture and test high-quality CEM products used in a broad range of sectors including, audio, automotive, electronics, gas detection, lighting, pest control, and more recently moving into the CEA market. UK Circuits designs, procures and manufactures high-quality CEM products, specialising in PCBs, for over 70 recurring customers.

Light Science Technologies was founded in September 2019 and facilitates the Company’s CEA operations which, in light of Light Science Technologies’ current live project quotes, are highly prospective. The Group’s state-of-the-art laboratory facilities in Derby, England, enable the Group to design, test and provide innovative CEA products and services. Light Science Technologies offers integrated, cost-saving and sustainable CEA solutions to crop growers, with a focus on the indoor, vertical and medicinal farming markets, which is expected to be the major growth area for the Group going forwards in light of the market landscape and in view of competing offerings currently in the marketplace.

Light Science Technologies’ all-in-one CEA solution includes analysing customers’ crop growing requirements to provide bespoke, low-energy products, which subsequently monitor the nine cardinals of plant life (namely air speed, carbon dioxide levels, humidity, light, oxygen, plant disease, soil, temperature and water pH levels) in order to maintain optimal growing conditions, maximise crop yields and minimise resource usage.

On 15th October 2021, admission and dealings on AIM commenced by way of a Placing of 50,000,000 new Ordinary Shares, and 2,000,000 Existing Ordinary Shares, both at 10 pence per Ordinary Share

The Perivan shareholder communications team were delighted to work with Strand Hanson who were appointed as Nominated and Financial Adviser to Light Science Technologies, on the successful publication of the 135-page admission document.

 

Perivan specialise in the production and publication of financial documents relating to shareholder and investor communications for quoted companies, private companies and open and closed-ended funds.