Accelerating growth through technology 

Light Science Technologies Holdings Plc brings together controlled environment agriculture (CEA) and UK-based contract electronic manufacturing (CEM) to accelerate technology advancement for global markets.

We specialise in creating and manufacturing bespoke solutions for clients across pest control, indoor growing, sensors, lighting, electronics, oil & gas, and automotive industries.

Source: nurturGROW LED lighting installed in UK major strawberry grower site

Achievements in 2022

£60m+

Combined forward orders/contracts and pipeline

500k+

Shipped goods across the Group

41%

Revenue growth over last 3 years

£1.1m

Record revenue month  – November 2022

10

Global events attended

8

Global awards won for our products and business

10%+

Revenue growth YoY

£18m+

Forward orders into 2023+

7

New products launched into CEA market

Attractive market opportunities

Trends driving market growth

Grow more
with less

Light Science Technologies Holdings Plc brings together market leading controlled environment agriculture technology and quality led UK based manufacturing 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.

Working across multiple indoor applications including vertical farming, containers, glasshouses and polytunnels, Light Science Technologies delivers tailored solutions in lighting, science and technology products.

Light Science Technologies provides a fully integrated technology solution for all Controlled Environment Agriculture (CEA) applications helping customers grow more with less.

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UK Circuits and Electronics Solutions Ltd is a UK-based Contract Electronic Manufacturer offering an end-to-end full turnkey service. We provide design, rapid prototypes, manufacture, quality, and testing for printed circuit boards using surface mount and conventional (through-hole) assembly.

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Working across multiple indoor applications including vertical farming, glasshouses and medicinal cannabis, Light Science Technologies deliver’s tailored solutions in lighting, science and technology products.

Light Science Technologies provides a fully integrated technology solution for all Controlled Environment Agriculture (CEA) applications helping customers grow more with less.

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UK Circuits and Electronics Solutions offer world-class facilities with quality at the heart of everything we do. Offering an end to end full turnkey service, we can provide design, rapid prototypes, manufacture, quality and testing for printed circuit boards using surface mount and conventional (through hole) assembly.

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Case study: Helping growers reduce energy

Running for six months, the project trialed three different light combinations to see which produced the most yield for the least energy. With the aim of championing crop production using technology, the project was carried out in partnership with CHAP at the Stockbridge Technology Centre (STC), in their advanced glasshouse facility in Selby, North Yorkshire.

Case study: Making year round growing a reality

We are working with a major soft fruit grower in the UK  to help them to extended their growing season into the winter months using a bespoke light recipe for strawberries. They partnered with us as our technology not only helped them lower energy but will also increase the yield from each harvest.

Why Invest?

We work in dynamic and attractive growth markets

With the high potential of the Controlled Environment Agriculture (CEA) sector, including a market size estimated at £20.5 billion and a projected CAGR of 21.1% by in 2025*, our tech-led products are ideally placed to help growers create profitable and sustainable crops.

With increasing demand in UK printed circuit boards due to Brexit and the impact of the global supply chain, our Manchester based facilities offer an end to end full turnkey service. We provide design, rapid prototypes, manufacture, quality and testing for printed circuit boards using surface mount and conventional (through hole) assembly.

We champion sustainability and solving global food shortage 

With Controlled Environment Agriculture (CEA) allowing food to be grown nearer to existing populations and in any climate, we are helping to disrupt the food supply chain and make food more accessible and sustainable for everyone.

Our patent-pending sustainable horticulture lights have been designed to support the circular economy with over 90% of the components reusable and a lifecycle of over 25 years.

We use technology to help our customers grow more with less

Our full-service Controlled Environment Agriculture (CEA) solution includes analysing customers’ crop growing requirements to provide bespoke, low-energy, and sustainable equipment.

We monitor our customers’ indoor growing environments to maintain optimal growing conditions through lighting and sensor technology (once fully developed)  which can help maximise crop yields, whilst minimising energy usage.

We have a strong base for accelerated growth 

We achieved 24% growth in 2020 with full manufacture maintained throughout COVID-19 crisis. This has given us the perfect platform for accelerated growth and allowed us to fund the design and development of our products ready for market in 2021. Our business model focuses on a recurring revenue model, reducing the risk of investment.

*Figures validated from Global Grow Lights Market (2020) report by Mordor Intelligence. Using the combined revenue share of Europe and APAC  to show the total available market in 2024. The total serviceable market is based on applying 44.7% LED sales. Figures converted from USD to GBP at 0.79493 – Source Xe.com (19 July 2020). 21.1% is for the light emitting diodes segment of the market.

Investment summary

Light Science Technologies Holdings (LSTH) has built on its established UK-based contract electronic manufacturing (CEM) business by launching highly innovative products for the controlled environment agriculture (CEA) market. This market is growing rapidly as farmers address the issues of climate breakdown and food security. Although most of the group’s revenues are currently attributable to the CEM division, our note focuses on the CEA activity because of its superior growth prospects