Light Science Technologies Holdings PLC (AIM:LST)’s Contract Electronics Manufacturing (CEM) Division has received a third order from a customer in the sports entertainment sector.
The order is valued at £134,000, adding to previous orders that have now generated over £400,000 in revenue since February 2024. It will be fulfilled within the current financial year.
The customer, which operates entertainment venues across the US and UK, is in the process of expanding, with eight new venues under construction in the US.
Simon Deacon, chief executive of LSTH, stated: “I’m delighted with the continued momentum within the CEM Division and the group as a whole.
“Importantly, we are establishing long-term relationships with global clients that have the ability to underpin repeat business opportunities, which we believe will result in increased visibility as we continue to convert our strong quoted sales pipeline.”
In CEM specifically, LSTH has invested strategically in its ability to take on larger contracts, “which allows us to capitalise on the post-Covid move away from Far East manufacturing”, Deacon added.
“We are excited to play a part in our customer’s expansion as they bring new and innovative solutions to market and we look forward to sharing further progress in the future.”
