SPRUE AEGIS PLC AGREEMENT WITH PACE SENSORS Thursday 3 April 2008 PDF Print Sprue Aegis plc (“Sprue Aegis” or “the Company”; Plus-quoted: SPRP), the designer and marketer of the FireAngel range of innovative safety protection products, today makes the following announcement: Sprue Aegis plc, through its Canadian subsidiary AngelEye Corporation (incorporated under the laws of Ontario, Canada), has entered into a joint venture agreement with Pace Sensors, Inc. (“Pace Sensors”), in relation to the manufacture of carbon monoxide (“CO”) sensors for use in the Company’s carbon monoxide alarms (the “Agreement”). Pace Sensors, a wholly owned subsidiary of Kehoe Component Sales, Inc. which trades as Pace Electronic Products (“Pace Electronics”) based in New York State, USA, is a Canadian corporation with a manufacturing facility in Mississauga, Ontario, and manufactures a patented electrochemical CO sensor which comprises an essential component in the CO alarms distributed by the Company under the FireAngel brand in the UK. As part of the Agreement, the existing manufacturing and distribution agreement between Pace Electronics and Sprue Aegis will also be extended. Under the Agreement, it has been agreed that Sprue Aegis will take over the design authority for all future CO detectors which will incorporate the CO sensor, with any resulting IP in the finished CO products becoming the property of the Company. The CO sensors will continue to be manufactured by Pace Sensors in Canada, while the finished CO detectors will continue to be manufactured by Pace Electronics at its factory located in China, under an exclusive distribution agreement. In addition, under the Agreement, Sprue Aegis has also acquired a 17.5% interest in Pace Sensors for a nominal consideration and has agreed to provide future R&D services to Pace Sensors. Additionally under the provision of certain earn-in terms in the Agreement, the Company is expected to increase its aggregate holding in Pace Sensors to 49% by the end of 2010. Graham Whitworth Chairman and CEO of Sprue Aegis commented “I see this as a highly significant agreement which will help us build greater value for the Sprue Aegis group. Carbon monoxide detectors are a key and growing part of our safety product offerings and this exciting new JV agreement with Pace Sensors, combined with the strengthening of our existing manufacturing agreement with Pace Electronics, will ensure that we remain price competitive and at the forefront of CO technology. Not only have we been able to secure the ongoing supply of first class sensors for our CO detection products we have created the platform to substantially reduce the time to market for a new innovative range of home safety products with carbon monoxide sensing capabilities”. Whitworth also stated that the Sprue Aegis plc group increased performance seen in the first half of 2007 was continued throughout the second half of 2007 and into the first quarter of 2008. The Group’s full year 2007 audited results are expected to be released at the end of April 2008. - ENDS - THE DIRECTORS OF THE ISSUER ACCEPT RESPONSIBILITY FOR THIS STATEMENT NOTES TO EDITORS: ABOUT SPRUE AEGIS PLC Based in Coventry, UK, Sprue Aegis plc designs, manufactures, sources and distributes an extensive range of home safety products. The subsidiary company, FireAngel Ltd, has established a strong UK retail presence and is an approved supplier of smoke alarms to fire brigades throughout England under the central FireBuy tender framework. Other distribution channels include social housing, electrical distributors/wholesalers and the US market via DuPont. The Group owns US and European patented technology enabling the powering and testing of electronic safety devices via lighting circuits; additionally the company has recently introduced an extend range of battery operated smoke alarms tested to the latest European standards and innovative Wi-Safe enabled safety product accessories on which patents are pending. FOR FURTHER INFORMATION, PLEASE CONTACT: GRAHAM WHITWORTH, CHAIRMAN & CEO, SPRUE AEGIS PLC 024 7623 6600 JOHN WALSH, MANAGING DIRECTOR, FIREANGEL LTD 024 7623 6600 ARBUTHNOT SECURITIES LTD ALASTAIR MORETON / RICHARD TULLOCH 020 7012 2000 This press release was distributed by ResponseSource Press Release Wire on behalf of Century PR in the following categories: Consumer Technology, Business & Finance, for more information visit http://pressreleasewire.responsesource.com/about.