TIDMZED
RNS Number : 9090N
Zenova Group PLC
07 June 2022
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7 June 2022
Zenova Group PLC
("Zenova", the "Company" or the "Group")
Zenova Appoints Sub-Distribution Partner in Saudi Arabia
Zenova Group PLC (AIM: ZED) , a provider of innovative fire
safety and heat management technology and products, is pleased to
announce that it has entered a sub-distribution agreement with the
Ethmaar Investment Company ("Ethmaar") to distribute its thermal
insulation and fire protection products throughout Saudi
Arabia.
The sub-distribution agreement will provide Saudi customers with
direct access to Zenova's thermal insulation and fire protection
products and builds upon Ethmaar's strong relationships with some
of the biggest organisations in Saudi Arabia.
This agreement provides for Ethmaar to place the first order of
one container valued at GBP116,000 within 3 months of entering into
this agreement and subsequently order a minimum of GBP1.2m worth of
Zenova products within 12 months of the date of the agreement.
Commenting on the news, Tony Crawley, Chief Executive of Zenova
Group PLC said: "This agreement with Ethmaar represents a very
important first step for Zenova into Saudi Arabia and we look
forward to working with Ethmaar as we gain a foothold for our
products in this jurisdiction where our products are much needed to
tackle the issues that are increasing in their significance as the
local authorities focus more on temperature management, energy
conservation, safety and prevention of fire"
Tariq M Barri, Managing Director of Ethmaar said: " We are very
pleased to be Zenova's partner of choice in Saudi Arabia.
Critically, by adding Zenova to our portfolio we can bring
innovative and high performing building material with green
credentials to the attention of organizations (government and
private), and building owners to compliment design strategies that
improve safety, performance and reduce our environmental
impact.
"Zenova IP, Zenova FP and Zenova IR improve the thermal
performance and fire protection on future builds as well as
providing solutions that do not exist in many scenarios. Adding
Zenova to our product offerings allows Ethmaar to offer quick,
affordable, and ecological insulation and fire protection
solutions."
For further information please contact:
Zenova Group PLC
Tony Crawley, Chief Executive Officer Via Orana Corporate LLP:
Don Nicolson, Non-Executive Chairman Anthony Eastman
Tel: +44 20 3475 6834
SPARK Advisory Partners Limited (Nominated Adviser)
Matt Davis / Adam Dawes Tel: +44 20 3368 3550
SI Capital Limited (Broker)
Nick Emerson Tel: +44 1483 413 500
Redbine Ltd (Media Enquiries)
Paul Dulieu Tel: +44 203 093 9530
+44 7554 521 421
Email: paul@redbine.co.uk
About Ethmaar Investment Company:
Tariq M. Barri - Managing Director Tel: +966-5652500900
Salman Gazzawi - EVP Tel: +966-504940919
About Zenova Group PLC:
The Group, through Zenova Ltd, is the holder of intellectual
property that underpins a suite of fire safety and temperature
management products and technology. The product range is applicable
to industrial, commercial, and residential markets. The Group's
products include fire retardant paints, insulating paints and
render, fire extinguishing fluid and applications. Through
innovative development, and a refined formulation and development
process, Zenova provides industry leading solutions across a range
of fire protection and temperature management problems,
comprising:
Zenova FP
A water-based fire-protection paint that prevents ignition and
spread of fire. It can be used in commercial, industrial, and
domestic applications on variety of materials, from wood to
metal.
Zenova FX
Patent pending fire extinguisher filled with proprietary Zenova
Fluid (Zenova FXB) that extinguishes all types of fires, reduces
chances of re-ignition, works in cold (-15 C) conditions, is
non-toxic and does not produce harmful by-products.
Zenova IP
Thermal insulation paint that creates a thermal barrier,
provides thermal reflection of sunrays and infrared radiation,
anti-condensation, and anti-mould properties. It can be applied to
virtually any exterior or interior material, regardless of the
surface.
Zenova IR
Thermal insulation render to enhance the effectiveness of
insulation by creating a thermo shield. It fills all cavities and
gaps regardless of geometric shape and creates a vacuum - the most
effective insulator.
Zenova CS
Patent pending next generation ceiling sprinkler filled with
proprietary Zenova Fluid (Zenova FXB) that removes the need to
install large fluid tanks, piping, complicated equipment, and
software. This sprinkler could be installed in the kitchen.
The Group has achieved this without compromising the
sustainability of natural and economical resources, including
personal health and safety, with ecologically sound products.
Further information on the Group can be found at
www.zenovagroup.com
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