LifeSafe Holdings plc announced that it has entered into an exclusive strategic partnership with Wormald Fire & Safety ("Wormald") to distribute its new lithium-ion fire extinguishing fluid Thermal Runaway Fluid ("TRF"), which is fluorine free. The agreement with Wormald is LifeSafe's first industrial partnership and represents a major growth opportunity for the Group. Under the agreement, Wormald will be distributing LifeSafe's TRF exclusively throughout Australia and New Zealand.

LifeSafe's TRF 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. Lithium-ion batteries are used across a wide variety of everyday products.