Light Science Technologies Holdings (LST)

Sector:

Engineering

Index:

FTSE AIM All-Share

2.90p
   
  • Change Today:
    -0.15p
  • 52 Week High: 4.25p
  • 52 Week Low: 2.20p
  • Currency: UK Pounds
  • Shares Issued: 333.01m
  • Volume: 1,809,846
  • Market Cap: £9.66m

Light Science Technologies enters Defra-funded collaboration

By Josh White

Date: Friday 22 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Light Science Technologies announced its participation in a 12-month collaboration funded by the Department for Environment, Food and Rural Affairs (Defra) and Innovate UK's Transforming Food Production Challenge on Friday, with a total value of £0.23nm.
The AIM-traded firm said under the initiative, it would receive a grant of £0.19m.

It said the company-led project, titled 'SensorGROW: an intuitive, cost-effective, and scalable precision growing platform, powered by a network of unified agri-sensor nodes', would involve a consortium comprising UK horticultural expert Bridge Farm, and UK grower Zenith Nurseries.

Over the 12 months, the consortium would focus on extending LSTH's existing SensorGROW air zone sensor to provide root zone data through design refinement, prototyping, and a real-world four-month technical feasibility assessment.

The initiative aligned with the growing market demand for smart agricultural solutions, the board said, as indicated by a report from Global Market Insights, projecting a $55bn cumulative sales growth from 2023 to 2032, with a 12% compound annual growth rate.

Within the 10 million square metres of protected growing environments, LSTH said conventional cultivation processes were persisting, characterised by inefficiencies in labour, energy, and input costs.

The collaboration aimed to enhance productivity by automating manual readings and field walks, while also bolstering resilience through early detection of climate issues, crop diseases, and pests.

It said SensorGROW's targeted resource use would contribute to sustainability in agriculture, alongside LSTH's grow lights, facilitating year-round growing and increasing crop yields economically.

"We are extremely excited to be part of this consortium. There is growing need for innovative solutions that will help increase food security and crop yields and we are delighted to be working with a range of partners that are at the forefront of change and providing welcome solutions to global cultivation challenges," said chief executive officer Simon Deacon.

"Since launching SensorGROW in June 2022 we have made great strides in developing the technology.

"This collaboration creates the perfect platform for us to further develop the technology, with the aim of empowering farmers to enhance resource management, saving costs on water, nutrients, fertilisers, and energy, while simultaneously increasing yields and cultivating healthier crops."

At 1544 GMT, shares in Light Science Technologies Holdings were flat at 2.85p.

Reporting by Josh White for Sharecast.com.

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LST Market Data

Currency UK Pounds
Share Price 2.90p
Change Today -0.15p
% Change -4.92 %
52 Week High 4.25p
52 Week Low 2.20p
Volume 1,809,846
Shares Issued 333.01m
Market Cap £9.66m

LST Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.51% below the market average40.51% below the market average40.51% below the market average40.51% below the market average40.51% below the market average
37.93% below the sector average37.93% below the sector average37.93% below the sector average37.93% below the sector average37.93% below the sector average
Price Trend
20.44% below the market average20.44% below the market average20.44% below the market average20.44% below the market average20.44% below the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Income Not Available
Growth
41.20% above the market average41.20% above the market average41.20% above the market average41.20% above the market average41.20% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average

LST Dividends

No dividends found

Trades for 29-Aug-2025

Time Volume / Share Price
16:23 25,195 @ 2.94p
15:07 169,491 @ 2.95p
15:05 171,703 @ 2.91p
14:39 171,031 @ 2.92p
13:52 163,000 @ 2.80p

LST Key Personnel

CEO Simon Lincoln Deacon
COO Andrew Mark Hempsall
CFO James (Jim) Edward Snooks

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