Light Science Technologies expands in sports entertainment market with third major order

Light Science Technologies Holdings PLC (AIM:LST) CEO Simon Deacon talked with Proactive about the company's significant progress in the sports entertainment sector. Deacon highlighted that the company has secured its third major order from a prominent client, bringing the total revenue from this client to over £400,000. The contracts involve the production of electronics embedded in golf balls that track performance and relay the data to screens or apps, a product that shows substantial growth potential due to recurring revenue opportunities. Deacon emphasised the importance of this sector, noting that Light Science Technologies is actively expanding its presence in sports entertainment, which is a new but promising market for the company. The client, which operates multiple sites across the US and the UK, has provided a steady stream of business, and the technology's limited lifespan ensures ongoing demand. Additionally, Deacon discussed the strong performance of the group's CEM (Contract Electronics Manufacturing) division and the broader group's ability to exceed management expectations. With the integration of the new Passive Fire Protection business and growing margins in the Controlled Environment Agriculture sector, the company is seeing a balanced and profitable growth trajectory. Visit Proactive's YouTube channel for more interviews like this one, and don't forget to give the video a like, subscribe to the channel, and enable notifications for future content. #LightScienceTechnologies #SportsTech #CEOMessages #ContractElectronics #RecurringRevenue #ProactiveInterviews #Agritech #BusinessGrowth #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews