Light Science Technologies Holdings (LSTH) has announced its flotation on the London Stock Exchange, as the Group sets out its ambitious growth plans to dominate the controlled environment agriculture (CEA) market over the next few years.

The company has raised £5 million to strengthen its position in the indoor agritech sensor and lighting industry, while increasing the manufacturing capacity of its contract electronics manufacturing (CEM) division. The grow lights market alone has a global estimated market value of £20.5 billion and is growing at 21 per cent.

LSTH, incorporated in January 2020, is the holding company of the Group's CEA division, Light Science Technologies (LST), and its CEM division, UK Circuits and Electronics Solutions Limited (UK Circuits).

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. LST's all-in-one CEA solution will include analysing growers' crop requirements to provide bespoke, low-energy products, which monitor the environment to maintain optimal growing conditions in order to maximise crop yields and minimise resource usage.

The CEM-focused division of the Group, UK Circuits, was founded in 1997. From its manufacturing facilities in Manchester, it designs, manufactures and tests printed circuit boards, which are used in a broad range of sectors including pest control, electronics and agriculture.

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. We look forward to supporting the revolution in modern agriculture, sustainably helping growers grow more for less."


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Editor's notes:

About Light Science Technologies Ltd
Light Science Technologies Ltd delivers lighting, science and research-proven plant monitoring technology and software in partnership with world-leading university research teams. We work across multiple indoor applications including vertical farming, greenhouses and poly tunnels across different plant species, delivering the right solution no matter what environment. Our integrated technology solution for Controlled Environment Agriculture (CEA) applications for next-generation scalable farming helps customers grow more with less. For further information, visit: www.lightsciencetech.com.

About Light Science Technologies Holdings
Light Science Technologies Holdings brings together market-leading controlled environment agriculture technology (Light Science Technologies Ltd) and quality led UK based electronic manufacturing (UK Circuits and Electronics Solutions Ltd) to help our customers grow more with less. We specialise in creating and manufacturing bespoke solutions for global clients across agriculture, electronics, audio, automotive, AI technology and pest control industries.