29th Nov 2018 10:04
LONDON (Alliance News) - Shares in FireAngel Safety Technology Group PLC surged on Thursday as the company said it signed a supply deal with a Scottish housing association.
Shares in the smoke alarms developer were trading up 11% at 40.00 pence.
The contract is with Glasgow-based Queens Cross Housing Association for the supply of over 12,000 battery-powered smoke and heat alarms.
The new alarms will comply with Scottish regulations, requiring all homes to have interlinked sealed long-life battery or mains wired alarms, coming in effect in 2019.
The alarms will be installed by Queens Cross's maintenance team over an eighteen-month period.
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