Light Science Technologies Holdings, comprising three divisions: controlled environment agriculture (CEA); contract electronics manufacturing (CEM) and passive fire protection (PFP), has seen continued strong momentum at its CEM division – underpinned by an expected record breaking year for the division in the pest control market.
Last week the company added £628,000 in committed forward orders within its CEM division, which are in addition to historical forward order profiles. As a result, pest control revenues already booked and committed forward orders received and to be satisfied in the current financial year are £825,000 (or 15%) higher than total revenues received from this segment during FY 23.
The CEM division has received a follow-on order from the company’s client in the sports entertainment segment worth £130,000. When this contract was initially announced in February 2024, the company highlighted the significant potential for follow-on revenue, and this order signals the next phase of roll out.
This division continues to benefit from recent positioning to handle larger volume projects and take advantage of wider market trends and the move away from Far East manufacturing.
Overall, the company anticipates reporting full year revenues for the CEM segment of between £9m to £9.5m. Trading in the company’s other two divisions remains in line with management expectations.
Simon Deacon, CEO of LSTH, said: “I’m delighted with the continued momentum within the CEM Division. Importantly we are establishing long-term relationships with clients that have the ability to underpin repeat business opportunities, which will result in increased visibility as we convert our strong quoted sales pipeline.
“We are excited by the significant opportunity within our existing and potential customer base and look forward to providing further updates in due course.”
