Light Science Technologies announces its flotation on London stock exchange

Trading on AIM under the ticker LST, the group successfully raised £5 million in funds in October as it sets out its ambitious growth plans. LSTH, incorporated in January 2020, is the holding company of the Group’s CEM division, UK Circuits and Electronics Solutions Limited (UK Circuits) and its controlled environment agriculture (CEA) division, Light Science Technologies (LST).

Founded in 1997, UK Circuits operates from its manufacturing facilities in Manchester, where it designs, manufactures and tests printed circuit boards, used in a broad range of sectors including, audio, automotive, electronics, gas detection, lighting and pest control, and more recently moving into the CEA market.

The UK Circuits design team works alongside customers with new and existing product designs to provide design and engineering support, including simulation, 3D modelling, and prototyping. UK Circuits’ procurement offerings range from assembly of free issue components to full turnkey solutions, leveraging the experience of its dedicated supply chain team and relationships with reputable suppliers.

LST was founded in September 2019 and facilitates the company’s CEA operations. Its state-of-the-art laboratory facilities in Derby enable the design, testing and provision of innovative CEA products and services, most recently showcased through the launch of nurturGROW, its award-winning sustainable LED grow lighting range.

Offering integrated, cost-saving and sustainable CEA solutions to crop growers, LST’s focus is on the greenhouse, polytunnel and vertical farm markets, which is expected to be the major growth area for the Group going forwards in light of the sector’s potential and in view of current competing offerings in the marketplace.

Simon Deacon, CEO of Light Science Technologies Holdings plc, commented: “We are delighted to be trading on the London Stock Exchange through our AIM IPO, and are very excited to work with our existing and new shareholders in this exciting new chapter for the company.

“This IPO enables us to build on the successes we have achieved over the past few years and capitalise on the large market opportunities presented to us. With the deep manufacturing expertise and talent of our team alongside the fundamental strengths of our end-to-end full turnkey offering within a growing market, we are relishing the significant growth opportunities that lie ahead.”